5.32 CAP Rate at the Beach!!! w/60 day rent raise notices now in effect. New (market) rents should be in play by Jan 1. Zoned Commercial, yet the conforming use is two separate duplex buildings. (May qualify with 4 unit res financing.) This classic OB style home has solid redwood beams, hardwood floors, lofts, and stained glass windows. The large commercial garage in the rear has 2 studio units, and it's own sdge meter. The home has kept its appeal to the beach community & no vacancies in 30 yrs.