Homes for sale - 2024 Montgomery Ave, Cardiff By The Sea, CA 92007 ...

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JLee Broker

JLeeRealty

[email protected] +1(650) 857-1000

Listed by Kenneth Herskind • Top Gun CRE

$3,200,000

Est. payment - /mo

4,948 Sqft Lot

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Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

MLS Listing ID CRPTP2502048

Year Built 1977

Lot Size 4,948 Sqft

Source California Regional MLS

Property Description

We are pleased to present 2024-30 Montgomery Ave. Apartments, an exclusive coastal multifamily rental property in Cardiff-by-the-Sea community and located west of Interstate 5. The subject property financials are extremely attractive for a prime coastal rental property with a current 4.11% CAP rate / 5.01% Proforma CAP rate, along with a current 17.09 GRM / Proforma 14.73 GRM. The subject property is also 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

Location

State CA

County San Diego

Area 92007 - Cardiff By The Sea

Interior

Laundry Stacked Only

Exterior

Pool None

Others

Tax ID 2603825000

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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2024 Montgomery Ave Cardiff By The Sea, CA 92007

JLee Broker

Key Details

Location

Interior

Exterior

Others

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