$2,700,000
$2,700,000
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SOLD DATE : 10/11/2019
Key Details
Sold Price $2,700,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Cardiff By The Sea
MLS Listing ID 190051426
Sold Date 10/11/19
HOA Y/N No
Year Built 1972
Property Description
This is an amazing opportunity to own a 4-plex +1 with ocean views in coveted Cardiff by the Sea. The Seller occupies unit #4 which is why the "Current" cap rate is low. There is a substantial rental income upside, especially when updating the kitchens and bathrooms. Two units have ocean views and three units have park views. Nice ocean breezes and just steps to Seaside Beach and Glen Park. Units 1 though 4 are 2 bedroom one bath 800 s.f. units. Fifth unit is a one bedroom one bath approximately 630 s.f. Neighborhoods: composer district Exterior: Wood/Stucco Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 2248-1 Unit # for Unit 2: 2248-2 Unit # for Unit 3: 2248-3 Unit # for Unit 4: 2248-4 Number of Furnished Units: 0 Topography: GSL
Location
State CA
County San Diego
Area 92007 - Cardiff By The Sea
Building/Complex Name Cardiff
Interior
Heating Forced Air, Natural Gas
Cooling None
Fireplace No
Exterior
Fence Partial
Pool None
View Y/N Yes
View Ocean
Roof Type Composition
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Tax ID 2610714000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with Dave Plutner • DP Properties
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Scott Greenspan
Broker Owner