254 Rosebud Avenue Appraised at $395, 000 this year - an opportunity to buy a cash-flowing fourplex below appraised value and step into instant equity. One block from Ocean Drive, this 4, 696 SF fourplex features four 2-bed/1-bath units on a 10, 498 SF lot. Two units have long-term tenants at approximately $1, 050/month each, while two operate as STR/MTR units at approximately $1, 350/month each, for approximately $4, 800/month in total rental income. Ideal for FHA or VA owner-occupants looking to house hack: live in one unit while rental income from the other three helps offset the mortgage. Also a strong fit for conventional, DSCR, cash, and 1031 exchange buyers looking for an income-producing property with built-in equity. The property is already operating, with additional upside through rent growth, STR/MTR optimization, light unit improvements, and potential RUBS implementation. Located in the established Del Mar/Bessar Park neighborhood, walking distance to Del Mar College and minutes from downtown and the Spohn Shoreline hospital district. Buy below a recent $395K appraisal, gain immediate equity, and own four income-producing units in a location with year-round rental demand.