2024 Montgomery Avenue

Cardiff-by-the-Sea, CA 92007

$4,160,000
Price
3
Beds
5
Baths
3,050 Sq. Ft.
$1,364 / Sq. Ft.
3,050
Sq. Ft.
$1,364
per Sq. Ft.

Description

We are pleased to present 2024-30 Montgomery Ave. Apartments, an exclusive coastal multifamily rental property in the exclusive Cardiff-by-the-Sea community and located west of Interstate 5. The subject property is 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...We are pleased to present 2024-30 Montgomery Ave. Apartments, an exclusive coastal multifamily rental property in the exclusive Cardiff-by-the-Sea community and located west of Interstate 5. The subject property is 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.
  1. Listed by Kenneth Herskind • DRE #01872460 • Brokerage DRE #02059064 • Top Gun CRE • kenh@topguncre.com

Property Details for 2024 Montgomery Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
3050
Assessor Parcel Number
260-382-50-00
Property Attached YN
true
LISTING UPDATED: 10/12/2024 03:17 AM

Property Details for 2024 Montgomery Avenue

StatusActive
MLS #PTP2406186
Days on Market84
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1977
Lot Size0.11 AC / 4,948 SF
CountySan Diego County

Virtual Tour

Building Information for 2024 Montgomery Avenue

Stories2Residences-Year Built1977Building Size-Lot Size0.11 AC / 4,948 SF

Property Information for 2024 Montgomery Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $181,642
  • Gross Scheduled Income: $187,260
  • Net Operating Income: $120,162
  • Cap Rate: 3.07
Expense Details
  • Operating Expense: $61,481
  • New Taxes Expense: $44,016
  • Fuel Expense: $0
  • Electric Expense: $2,827
  • Insurance Expense: $4,836
  • Professional Management Expense: $0
  • Trash Expense: $1,033
  • Water Sewer Expense: $3,773
  • Total Expenses: $61,481
Tax / Assessment Info
  • Tax Tract Number: 1334
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 7,8
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Stackable
Exterior Features
  • Entry Location: Front
  • Fence: No
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 11-15 Units/Acre
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,850
  • Unit Type Total Rent: $3,850
  • Unit Type Pro Forma: 4200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $9,755
  • Unit Type Total Rent: $9,755
  • Unit Type Pro Forma: 10350
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 5
  • Number With Range: 5
  • Number With Refrigerator: 5

Property History for 2024 Montgomery Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2024 Montgomery Avenue

This home is within Cardiff Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 2
Public - 3 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Cardiff Elementary School
PublicK to 2

Ada W. Harris Elementary School
Public3 to 6

Oak Crest Middle School
Public7 to 8

La Costa Canyon High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2024 Montgomery Avenue is a multi-family home for sale in Cardiff-by-the-Sea, CA 92007. This property was listed for sale on October 5, 2024 by Top Gun CRE, it's currently listed at $4,160,000. It has been on the market for a total of 84 days and was last sold on December 9, 2016. This listing's school districts are Cardiff Elementary School District, San Dieguito Union High School District. Nearby schools include Cardiff Elementary School, Ada W. Harris Elementary School and Oak Crest Middle School. 2024 Montgomery Avenue is a 3-bed, 5-bath, 3,050 sqft multi-family home built in 1977.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Top Gun CRE, Kenneth Herskind, DRE #01872460

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