Incredible opportunity to own 50% of a four-plex with exclusive rights to occupy two units – a 3BD & 2BD unit. This is achieved by a tenant in common interest (TIC) with occupancy rights to two units. Each unit has can be sold separately. These beautifully restored units are available now. Take this unique, limited-time opportunity to own an investment property in downtown Carlsbad. They are walking distance to beach, shops & restaurants. See Supplement for more about TIC ownership. See 3D virtual tour. Tenancy in Common is a form of joint ownership of real property that can be achieved in any piece of real property. All Tenants in Common are named on the Title Deed and each owns a percentage interest in the property as a whole. Thus, So how does one have exclusive right to one’s own apartment? This is accomplished by the Tenant's in Common (TIC) agreement, which provides each owner the right to live in or rent out a particular apartment along with other rights and duties. In effect, the agreement seeks to replace the legal structure that condos have written into the law. This is very common form of ownership in San Francisco and Los Angeles. Sterling Bank can provide financing. They the have 5/1 and 7/1 ARM loans up to 90% LTV. https://www.sterlingbank.com/home-loans-tenants-in-common.html COVID – 19 SHOWING DISCLOSURE 1. Showing this home is at your own risk. 2. No one exhibiting ANY signs of illness including coughing, sneezing, runny nose, or hay fever may enter the home. 3. Maximum showing party of 3 adults including realtor, NO CHILDREN (highly recommended that people over 65 not be in the showing party) 4.The showing Realtor is the ONLY person who may open doors for their clients. 5. No one in the showing party may touch seller’s personal property. Have a fully executed PEAD form. Neighborhoods: Carlsbad Village Other Fees: 0 Unit # for Unit 1: A Unit # for Unit 2: B Number of Furnished Units: 0 Topography: LL
Listing provided courtesy of Brian Yui of houserebate.com. Last updated 2020-06-24 08:10:58.000000. Listing information © 2020 CRMLS.