56 Central Avenue
Pacific Beach, WA 98571
$1,220,000
Price
—
Beds
5,095 Sq. Ft.
$239 / Sq. Ft.
5,095
Sq. Ft.
$239
per Sq. Ft.
Listing provided courtesy of Windermere R.E. Ocean Shores
Description
Located in Opportunity Zone... ask listing broker about those benefits. Overnight rentals allowed. Monthly rentals are in high demand. 8 renovated units including a dramatic 1 bedroom penthouse with ocean view. Centrally located... just a short walk to the beach and the growing number of shops and eateries on Main Street. Only one mile from the resort community of Seabrook, which offers upscale shops and restaurants. Pacific Beach is being discovered. Continue operating as motel or live in the penthouse...Located in Opportunity Zone... ask listing broker about those benefits. Overnight rentals allowed. Monthly rentals are in high demand. 8 renovated units including a dramatic 1 bedroom penthouse with ocean view. Centrally located... just a short walk to the beach and the growing number of shops and eateries on Main Street. Only one mile from the resort community of Seabrook, which offers upscale shops and restaurants. Pacific Beach is being discovered. Continue operating as motel or live in the penthouse and rent the other 7 units. Owner's health has limited them from operating full time. Laundry room and renovated courtyard. Solid concrete block construction. Truly a hidden gem on the Washington Coast.
- Listed by Jim Donahoe • Windermere R.E. Ocean Shores
Property Details for 56 Central Avenue
Community Name
Pacific Beach
School DistrictNorth Beach
ViewOcean, Partial, Territorial
Number of Assigned Spaces12
Total Covered Parking0
Entry Date10-05-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/13/2024 12:08 PM
Property Details for 56 Central Avenue
| Status | Active |
|---|---|
| MLS # | 2297918 |
| Days on Market | 77 |
| Cumulative Days on Market | 77 |
| Taxes | $3,465 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1947 |
| Lot Size | 0.11 AC / 4,792 SF |
| County | Grays Harbor County |
Building Information for 56 Central Avenue
Stories3Residences-Year Built1947Building Size-Lot Size0.11 AC / 4,792 SF
Property Information for 56 Central Avenue
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Area: 191 - Pacific Beach
- Block: 7
- Elementary School: Pacific Beach Elem
- Middle Or Junior School: North Beach Mid
- High School: North Beach High
- Directions: Enter Pacific Beach on Main St. Turn left (South) on 2nd St. Property is at corner of 2nd and Central.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 12.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Ceramic Tile, Vinyl
- Features: Ceramic Tile
- Amenities: Coin Op Laundry,See Remarks
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Wall Unit(s)
- FIRPTA: No
Exterior Features
- Exterior: Cement/Concrete
- Roof: Built-Up
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 3259
- Power Company: GH PUD
- Sewer Company: GH County
- Water Company: GH County
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: County
- Foundation: Slab
- Zoning Class: Commercial,Multi-Family
- First Right Of Refusal: false
- Possible Use: Commercial, Multi-Family
- MLS Square Footage Source: Realist
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 17
Lot Information
- Lot Details: Alley, Corner Lot, Paved
- Lot Size Dimensions: 53 x 94 x 54 x 95
- Lot Number: 14
- Lot Size Source: Realist
- Parcel Number Free Text: 795500701400
- Building Condition: Remodeled
- Calculated Square Footage: 5095
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 5095.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 12
- Number of Stories in Building: 3
- Vacancy Rate: 0
- Number Of Units Total: 0
- Units Below Grade: false
- Units In Building Total: 8
Financing / Income and Expenses
- Electric Expense: $3,014
- Total Expenses: 15408
- Gross Adjusted Income: 72780
- Gross Rent Multiplier: 17
- Gross Scheduled Income: $72,780
- Insurance Expense: $5,670
- Net Operating Income: $57,372
- Other Expenses: $0
- Total Monthly Income: 6065
- Fuel Expense: $0
Rental
Rent Information
- Occupant Type: Owner
- Leasable Area: 5095.0
- Leasable Area Units: Square Feet
Property History for 56 Central Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 56 Central Avenue
This home is within North Beach School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 5 |
Rating | School | Distance |
|---|---|---|
Pacific Beach Elementary School PublicPK to 5 | ||
North Beach Middle School Public6 to 8 | ||
North Beach High School Public9 to 12 | ||
Ocean Shores Elementary School PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Windermere R.E. Ocean Shores
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
