Discover a rare gem in historic downtown Santa Ysabel! This stunning 2-unit building is perfect for generational family living or as a lucrative investment. Located within walking distance to Julian Pie Company, Dudley's Bakery, Don's Market, and the Santa Ysabel Nature Center, this property combines modern comfort with historic charm. Each unit features 2 bedrooms and 1 bathroom, with new carpet, fresh paint, and stylish light fixtures. Enjoy year-round comfort with new mini split air units and the convenience of washer-dryer hookups. The lower unit boasts a large deck and private yard, perfect for relaxation. Upgrades include a new septic system, complete repairs, new fencing around the lot, a custom front gate, and RV parking with electrical hookups. All essential appliances, including a stackable washer and dryer in the upstairs unit, are included. The fully gated property offers ample parking and enhanced security. Financially, this property is a sound investment with a purchase price of $640,000, a fair market rent of $4,100/month, a cap rate of 5.4%, and a gross rent multiplier (GRM) of 12.56. Back on the market due to the previous buyer's failure to secure a mortgage, this is a unique opportunity to own a piece of Santa Ysabel. Don’t miss out—contact us today to make this dream property yours!
Santa Ysabel is located in California. Santa Ysabel, California has a population of 919. Santa Ysabel is less family-centric than the surrounding county with 13.25% of the households containing married families with children. The county average for households married with children is 34.63%.
The median household income in Santa Ysabel, California is $43,333. The median household income for the surrounding county is $70,588 compared to the national median of $57,652. The median age of people living in Santa Ysabel is 45.2 years.
The average high temperature in July is 93.1 degrees, with an average low temperature in January of 27.8 degrees. The average rainfall is approximately 19.1 inches per year, with 0.8 inches of snow per year.
