$2,950,000

Estimated payment $19,463/month

Total Views 23,701
-- Bed
-- Bath
2,947 Sq Ft
$1,001 Price per Sq Ft

Highlights

  • Ocean View
  • 0.34 Acre Lot
  • Laundry Room
  • Cardiff Elementary Rated A
  • No HOA
  • West Facing Home

About This Home

Discover this expansive and unique ocean view multi-unit property in Cardiff by the Sea, where only your imagination sets the limits. This coastal property offers endless possibilities, whether you seek an investment opportunity, a coastal development project (set on 5 lots w/2 APNs), or a flexible arrangement for generational living. Nestled on a large parcel in the coveted Walking District, this property features three distinct units just moments away from beaches, shops, and restaurants. The main house is a beautifully updated 1950s mid-century modern 3-bedroom, 2-bath home that retains its timeless beach bungalow charm. Enjoy the huge backyard, perfect for outdoor living, entertaining, and gardening. The fully remodeled studio unit boasts a spacious and functional floor plan, complete with an adorable private yard and garage. Above the garage, the 1-bedroom, 1-bath unit features an open layout, stunning ocean views, and a generous ocean view deck. Additionally, an upper-level rooftop deck provides even more opportunity to relax and take in the breathtaking ocean vistas. With ample parking and a 14,872 sq ft lot, this property offers abundant opportunities for expansion and development. Included in the listing are detailed photos showcasing the layout and floor plans of each unit, as well as video walkthroughs to give you a comprehensive view of this remarkable property. Seize the chance to own a piece of paradise offering the best of coastal living. Whether for investment, development, or creating a friend/family beach compound, this property delivers so much opportunity.

Last Listed By

Katie Pond

Compass Brokerage Email: pondteam@gmail.com License #01372991 Listed on: 03/10/2025

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.34 Acre Lot
  • 1 Common Wall
  • West Facing Home
  • Back Yard

Parking

  • 2 Open Parking Spaces
  • 1 Car Garage
  • 1 Carport Space

Property Views

  • Ocean
  • Bluff

Home Design

  • Property Attached

Interior Spaces

  • 2,947 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Additional Features

  • Suburban Location
  • No Heating

Listing and Financial Details

  • Tax Lot 19006
  • Tax Tract Number 19006
  • Assessor Parcel Number 2604130800

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Operating Expense $26,000
  • Gross Income $95,000
  • Net Operating Income $109,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 3.00
  • Price Per Unit: 983333
  • Property Attached: Yes
  • View: Yes
  • Zoning: R11
  • Property Type: Residential Income
  • Parcel Number: 2604130800
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 1001.02

Exterior Features

  • Direction Faces: West
  • View: Ocean
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Bluff
  • Lot Size Sq Ft: 14872.00
  • Lot Size Acres: 0.3414

Multi Family

  • Average1 Bed Area: 800 Square Feet
  • Average3 Bed Area: 1590 Square Feet
  • Average Studio Area: 546 Square Feet
  • Gross Income: 95000.00
  • Gross Scheduled Income: 121200.00
  • Lot Size Area: 14872.0000 Square Feet
  • Net Operating Income: 109200.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 12000.00
  • Rent Control: No
  • Total Actual Rent: 10100.00
  • Total Expenses: 26000.00

Tax Info

  • Tax Lot: 19006
  • Tax Tract Number: 19006

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2025 03/10/25 For Sale $2,950,000 +208.9% $1,001 / Sq Ft
05/31/2012 05/31/12 Sold $955,000 -12.4% $572 / Sq Ft
05/01/2012 05/01/12 Pending -- -- --
11/13/2011 11/13/11 For Sale $1,090,000 -- $653 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2502254

California Regional Multiple Listing Service (CRMLS)

APN: 260-413-08-00