Oceanview "Value-Add" Investment Project: Cerromar, El Sunzal.
For Sale

$ 745,000.00

Property information, availability, prices, measurements, photos, and status may change without notice. Please confirm all details with the office before making decisions.

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listing details
  • Listing ID: 002283140058
  • Property type: House/Villa
  • Contract type: For Sale
  • Price: $ 745,000.00
  • Bathrooms: 5
  • Bedrooms: 5
  • Stories/Floor: 3
  • Garage capacity: 4
  • Construction size: 300.00 Sq. Vr. - 3,229.17 Sq Vr.
  • Lot size: 1,940.00 Sq. Vr. - 528,165.00 Sq Vr.
features
  • Air conditioning
  • Home Owners Association
  • Swimming pool
  • Gated community
  • Garage open
Description

Property featuring existing infrastructure and active cash flow through short-term rentals. Acquisition price of $745,000 with expansion potential to 5 operational units. Investment thesis targeting a projected Cap Rate of 12.40% upon asset stabilization.

Financial Overview



  • Total Required Investment: $968,000 ($740k Acquisition + $200k CapEx + closing costs).



  • Projected Net Operating Income (NOI): $120,000 annually.



  • Capital Recovery: Estimated at 8.1 years.



  • Leverage Potential: Projected operating cash flow is sufficient to cover an estimated mortgage payment of $4,657.



  • Capital Appreciation: Estimated equity of $1.8M over a 5-year holding period.



Asset Specifications



  • Lot Size: 1,940.31 sq varas (1,356.10 sq meters) featuring cliffside topography overlooking the La Bocana surf break.



  • Unit 1 (Main structure under garage and terrace): Area of 130.25 m². Features 3 bedrooms and 3 bathrooms, floor-to-ceiling windows, and an open-concept kitchen.



  • Unit 2 (Apartment): Area of 57.20 m². Independent guest house featuring 2 bedrooms and 2 bathrooms. Currently operating on Airbnb with an 80% occupancy rate.



  • Service/Storage Areas (Bodegas): Includes a pool equipment room of 19.35 m² and a processed water equipment room of 21.70 m².



Expansion Infrastructure



  • Structural Base: 2 reinforced concrete slabs built on natural stone retaining walls.



  • Technical Preparation: Exposed corrugated steel rebars ready for structural continuity to develop 3 additional independent units.



  • Sanitation: Low-maintenance aerobic wastewater treatment system with installed capacity to seamlessly support all 5 units.



Location and Operations



  • Amenities: Shared infinity-edge pool equipped with a professional machine room and high-performance filtration system.



  • Strategic Location: 3 minutes from El Sunzal surf point, 5 minutes from El Tunco, 45 minutes from the International Airport and 30 minutes from San Salvador.



  • HOA Structure: 24/7 gated access control. Monthly maintenance fee of $95 (includes potable water service).



Send a direct message to request the comprehensive financial dossier and schedule a technical inspection of the property.

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