2024 Montgomery Ave, Cardiff By The Sea, CA 92007 - Berkshire Hathaway HomeServices California Properties
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2024 Montgomery Ave, Cardiff By The Sea, CA 92007

$3,200,000 Approx. USD 0 beds, 0 baths

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Listing Agent


Kenneth Herskind | kenh@topguncre.com
Lic#: 01872460
Broker: Courtesy of Top Gun CRE

Agent Remarks

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 Details

Property type: (Multi-Family)
Status: Active
MLS# PTP2502048
Price: $3,200,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1977
0.11 acres
Lot size: 0.1136
County: San Diego
Zoning: R11
Lot description: ElevenToFifteenUnitsAcre
MLS area: 92007 - Cardiff By The Sea

Last Updated: 3/21/2025

 Days On Market (DOM): 48

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This listing belongs to the 92007 - Cardiff By The Sea MLS area

Lat/Long: 33.023334, -117.280883.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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