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… Read More 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 eating options such as Best Pizza & Brew, Cardiff Seaside Market, Chase Bank, Cardiff Library, Post Office, 7-Eleven, and more local businesses. Read Less
Courtesy of Top Gun CRE, 619-550-4515, Kenneth Herskind.
Listing Snapshot
Days Online
85
Last Updated
Property Type
Res Income 2-4 Units
Lot Size
0.11 Acres
Year Built
131411
MLS Number
PTP2502048
30 Days Snapshot Of 92007
$2.01M
-21%
(avg) sold price
8
-27%
homes sold
35
+34%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
5 units with oven, 5 units with refrigerator
Building
5 units, 1 building
Laundry
5 units with washer
Lot
Approximately 4,948 lot square feet, Approximately 0 acres, 4,000-7,499 SF
Unit One
Unit #: 1, Actual Rent: $3,850, 2 bedrooms, 1 total bathroom
Unit Two
Unit #: 2, Actual Rent: $9,755, 1 bedroom, 1 total bathroom
Unit Three
Unit #: 3, Actual Rent: $2,000, 1 total bathroom
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Source: San Diego MLS
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