2024 Montgomery Ave Cardiff By The Sea, CA 92007
Active
$4,160,000
5 Units
3 Beds
3 Baths
3,050 Area(sq.ft.)
4,948 Lot Size(sq.ft.)
Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
---|---|---|---|---|---|---|---|
Unit 1 | 1 | 2 | 1 | $ 3,850 | $ 3,850 | $ 4,200 | |
Unit 2 | 3 | 1 | 1 | $ 9,755 | $ 9,755 | $ 10,350 | |
Unit 3 | 1 | studio | 1 | $ 2,000 | $ 2,000 | $ 2,200 | |
3 | 5 | 5 | 5 | $ 35,115 | $ 35,115 | $ 37,450 |
MLS #: | PTP2406186MR |
Days On Market: | 6 |
County: | San Diego |
Property Type: | Residential Income |
Price per ft2: | $ 1,364 |
Price per unit: | $ 832,000 |
Year Built: | 1977 |
Property Details
We are pleased to present 2024-30 Montgomery Ave. Apartments, an exclusive coastal multifamily rental property in the exclusive Cardiff-by-the-Sea community and located west of Interstate 5. The subject property is comprised of roughly 3,050 SF living space with a total of five units. The approximately 4,984 SF lot provides five surface parking spaces accessed from the rear alley along with spacious common area along the front and side of the property for tenants to enjoy a barbecue and other social activities. The current unit mix includes (1) two bedroom / one bath unit, (3) one bedroom / one bath units, and (1) studio unit. The building was built in 1977, and all units were completely renovated approximately eight years ago by the previous owner. The current owner has maintained all the interiors, exterior, and common areas in meticulous condition. The subject property is also within very close walking distance to some of the very best amenities that Cardiff-by-the-Sea has to offer tenants. For example, the San Elijo State Beach is only a few blocks to the west along with shopping and eating options such as Best Pizza & Brew, Cardiff Seaside Market, Chase Bank, Cardiff Library, Post Office, 7-Eleven, and more local businesses.Interested in this Listing?
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Income Details
Rent Control: | False |
Total Annual Expense: | $ 61,481 |
Net Operating Income: | $ 120,162 |
Cap Rate: | 3.07% |
Structure
Community Features: | Curbs |
Sewer: | Public Sewer |
Land & Parking
Zoning: | R11 |
Land Lease Type: | Fee |
Interior
Laundry: | Laundry Closet Stacked, Stackable W/D Hookup |
Exterior
Pool: | No |
Spa: | No |
Detailed Map
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