2024 Montgomery Ave Cardiff By the Sea, CA 92007
Cardiff-by-the-Sea NeighborhoodEstimated payment $20,873/month
Total Views
9,209
3
Beds
3
Baths
3,050
Sq Ft
$1,049
Price per Sq Ft
Highlights
- No HOA
- Laundry Room
- No Heating
- Cardiff Elementary Rated A
- Stacked Washer and Dryer
About This Home
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 eating options such as Best Pizza & Brew, Cardiff Seaside Market, Chase Bank, Cardiff Library, Post Office, 7-Eleven, and more local businesses.
Listing Agent
Top Gun CRE Brokerage Email: kenh@topguncre.com License #01872460 Listed on: 03/21/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1977
Lot Details
- 4,948 Sq Ft Lot
- 1 Common Wall
- Density is 11-15 Units/Acre
Home Design
- Property Attached
Interior Spaces
- 3,050 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
Utilities
- No Heating
Listing and Financial Details
- Tax Lot 7,8
- Tax Tract Number 1334
- Assessor Parcel Number 2603825000
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 5 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,827
- Insurance Expense $4,085
- Trash Expense $1,033
- Water Sewer Expense $2,304
- New Taxes Expense $35,126
- Operating Expense $50,231
- Gross Income $187,260
- Net Operating Income $131,411
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/23/2025 05/23/25 | Pending | -- | -- | -- |
| 03/21/2025 03/21/25 | For Sale | $3,200,000 | +137.0% | $1,049 / Sq Ft |
| 03/30/2016 03/30/16 | Sold | $1,350,000 | 0.0% | $457 / Sq Ft |
| 11/10/2015 11/10/15 | Pending | -- | -- | -- |
| 11/06/2015 11/06/15 | For Sale | $1,350,000 | -- | $457 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Similar Homes in the area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PTP2502048
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