Address not disclosed Del Mar, CA 92014

Rarely does an opportunity like this present itself to acquire an iconic, quality property in a stellar location like the Village of Del Mar. Family owned, maintained, and managed for many decades, with four long term tenants on month-to-month leases. Value add opportunity. Best suited for a long-term investor or an owner-user. Includes a rare (for this location), ocean view 2-bedroom apartment upstairs. Optimal for a live / work arrangement with additional income from the other existing units. Street to alley lot with 10 parking spaces. Unique, large usable exterior patio area in the front. Located next to the original Board & Brew sandwich shop offering excellent foot traffic. This is the only building on the block with a second story which is not an easy add here. Tenants have been in place for many years with little or no rent increases. The large patio area in front offers possibilities few other properties in this area of the village can match. This is represents a significant element of value. As evidenced by the Board & Brew operation next door, this area can be utilized in various ways to enhance business operations. Ten parking spaces are also a rare find and extremely valuable in a parking starved location. Critical for business operations. The property has been casually (tenant friendly), managed over the years resulting in below market rents. Long term tenants would like to stay. So many possibilities for a new owner with flexible zoning. Including but not limited to Reconfiguring, adding some SF, etc. Seller offering the property as is. Will not accept any long-term DD periods, so buyers should do their own DD prior to making an offer. We can supply zoning info upon request. The city of Del Mar is complicated with no simple or quick answers. So, a successful bidder will most likely need to accept the property situation as it is. According to the city of Del Mar zoning map, this location may accommodate some additional SF, (45% FAR here). Adding SF in the front of the building might be the best option. Seller nor agents offer any guarantee of future or current information offered here. Buyer to verify all. Showings will be accommodated only with an accepted offer.