NOT LISTED FOR SALE

2427 Newcastle Ave Cardiff By the Sea, CA 92007

Cardiff-by-the-Sea Neighborhood

Estimated Value: $2,675,000 - $3,610,000

6 Beds
6 Baths
2,714 Sq Ft
$1,145/Sq Ft Est. Value

Last Sold November 24, 2020

Last sale price $2,150,000 $792 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $19,479/month

11 Days on Market

Highlights

  • Level Lot
  • West of 5 Freeway
  • Radiant Heating System
  • Cardiff Elementary Rated A

About This Home

As of November 2020

Incredible opportunity to own one of the true ocean view duplexes left in Cardiff's "Walking District!" Ocean Views from top of both floors and off large front decks. Each unit comes with a storage unit & 3 parking spaces (very rare in Cardiff). Live in one & rent the other, or split the lot for two twinhomes - or build your dream single family home. Centrally located & walking distance to all that Cardiff has to offer!

Last Agent to Sell the Property

Chris Kimura

CK Properties License #01057790 Listed on: 10/21/2020

Co-Listed By

Ryan Judson

Compass License #01881359

Compass

Last Buyer's Agent

Ryan Judson

Compass License #01881359

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,932

Year Built

  • Built in 1977

Lot Details

  • 5,004 Sq Ft Lot
  • Level Lot

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Stucco Exterior

Utilities

  • Radiant Heating System
  • Separate Water Meter

Additional Features

  • 2-Story Property
  • West of 5 Freeway

Listing and Financial Details

  • Assessor Parcel Number 261-103-49-00

Community Details

Overview

  • 2 Units
  • Duplex Community

Pet Policy

  • Breed Restrictions

Building Details

  • Net Operating Income $55,428

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,932

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Cross Street: Dublin
  • Neighborhood: Walking District
  • LP / Sq Ft: 34.6
  • Stories: 2 Story
  • Sale Price List Price: 0.96
  • Total Stories: 2
  • Year Built: 1977
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 3
  • Prkng Non Garage Spac U2: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Heat Equipment: Radiant

Condo/Co-op/Association

  • Complex Name: Duplex
  • Pets Allowed: Allowed w/Restrictions
  • Community: CARDIFF BY THE SEA
  • Complex Features: Pet Restrictions
  • Manager Name: Maria Garlarza
  • Manager Phone: 760.585.1755

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Public Street, Street Paved, West of I-5
  • Topography: Level
  • Assessor Parcel Number: 261-103-49-00
  • Estimated Lot Sq Ft: 5004

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 55428
  • Annual Expense Actual: 30972
  • Gross Rent Multiplier Actual: 26.04
  • Gross Rent Multiplier Projected: 24.67
  • Gross Sched Income Actual: 86400
  • Gross Sched Income Projected: 91200
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2020
Closed on
Nov 7, 2020
Sold by
Ocomento Llc
Bought by
Thomas Tighe Cooke
Seller's Agent
Chris Kimura
CK Properties
Buyer's Agent
Ryan Judson
Compass
List Price
$2,250,000
Sold Price
$2,150,000
Premium/Discount to List
-$100,000
-4.44%
Current Estimated Value
$3,108,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$958,667
Avg. Annual Appreciation
10.11%

Purchase Details

Listed on
Oct 4, 2019
Closed on
Dec 26, 2019
Sold by
Granger Donald R and Granger Shirley
Bought by
Ocomento Llc
Seller's Agent
Jordan Beal
Compass
Buyer's Agent
Chris Kimura
CK Properties
List Price
$2,300,000
Sold Price
$1,950,000
Premium/Discount to List
-$350,000
-15.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.73%

Purchase Details

Closed on
Aug 7, 2002
Sold by
Granger Laying Madelyn V and Granger Madelyn V
Bought by
Granger Laying Madelyn
Source: Public Records

Similar Home in the area

  • 2453-55 Newcastle Ave, Encinitas, CA 92007

    $2,895,000

    • 6 Beds
    • 6 Baths
    • 2,714 Sq Ft
    • 2453-55 Newcastle Ave
    • Encinitas, CA

    Cardiff Duplex, an investor's dream! This beautiful duplex contains two side-by-side 3 bedroom 2 and a half bath units. Each unit has a private front deck with peekaboo ocean views as well as single car garages and multiple reserved parking spaces. The interiors were remodeled in 2020 with modern finishes and elegant style. Nestled on a 5,000 square foot lot in the heart of Cardiff's walking

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Thomas Tighe Cooke $2,150,000 Chicago Title Company
Ocomento Llc $1,950,000 North American Title
Granger Laying Madelyn -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Tighe Cooke $1,505,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/24/2020 11/24/20 Sold $2,150,000 -4.4% $792 / Sq Ft
11/02/2020 11/02/20 Pending -- -- --
10/21/2020 10/21/20 For Sale $2,250,000 +15.4% $829 / Sq Ft
01/06/2020 01/06/20 Sold $1,950,000 -2.5% $718 / Sq Ft
12/24/2019 12/24/19 Pending -- -- --
12/21/2019 12/21/19 Price Changed $1,999,999 -13.0% $737 / Sq Ft
10/04/2019 10/04/19 For Sale $2,300,000 -- $847 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $25,932 $2,281,596 $1,963,234 $318,362
2023 $25,361 $2,236,860 $1,924,740 $312,120
2022 $24,846 $2,193,000 $1,887,000 $306,000
2021 $24,472 $2,150,000 $1,850,000 $300,000
2020 $4,875 $340,374 $181,136 $159,238
2019 $4,800 $333,701 $177,585 $156,116
2018 $4,722 $327,158 $174,103 $153,055
2017 $4,642 $320,744 $170,690 $150,054
2016 $4,492 $314,456 $167,344 $147,112
2015 $4,466 $309,734 $164,831 $144,903
2014 $4,420 $303,668 $161,603 $142,065
Source: Public Records

Agents Affiliated with this Home

  • Chris Kimura

    Seller's Agent in 2020

    Chris Kimura

    CK Properties

    (858) 353-7990

    11 in this area

    61 Total Sales

    Chris Kimura
    Section Image
  • Jordan Beal

    Seller's Agent in 2020

    Jordan Beal

    Compass

    (858) 354-0980

    5 in this area

    121 Total Sales

    Jordan Beal
    Section Image
  • Ryan Judson

    Seller Co-Listing Agent in 2020

    Ryan Judson

    Compass

    (760) 809-4723

    9 in this area

    63 Total Sales

    Ryan Judson
    Section Image
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Map

Source: San Diego MLS

MLS Number: 200049317

San Diego MLS

APN: 261-103-49

California San Diego County Cardiff By The Sea 92007 Cardiff-by-the-Sea

2427 Newcastle Ave, Cardiff By The Sea, CA

This home is located at 2427 Newcastle Ave, Cardiff By the Sea, CA 92007 since 21 October 2020 and is currently estimated at $3,108,667, approximately $1,145 per square foot. This property was built in 1977. 2427 Newcastle Ave is a home located in San Diego County with nearby schools including Cardiff Elementary, Ada W. Harris Elementary, and Oak Crest Middle School.

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