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Listing 14 out of 15
$2,399,998 For Sale

2427-2429 Newcastle Ave
Cardiff, CA 92007

2 units | Multi Family 2-4
5227 sq ft - MLS# 190014866
Property Photo
1/24

Description

An incredibly unique opportunity to own one of the only ocean view Duplexes left in Cardiff-by-the-Sea. Ocean views from the top floor of both units, each with their own expansive deck + storage unit and parking for up to 7 cars. Large remodel just completed. Vacant and ready for new tenants with dramatic opportunity to increase rents. Great opportunity to live in one & rent the other, split the lot and build two twinhomes or have an unmatched single family home. Walk to the beach, park and Seaside Market, REMODEL INCLUDED: Custom paint exterior Custom paint interior, throughout including drawers & cabinets Landscape renovation Refinished kitchen countertops, & vanities Professionally glazed tub/showers throughout New flooring in 2427 powder room New flooring in 2429 master bath Toilets (6) new eco-friendly Light fixtures all new, throughout every room and hallway Globe entry light Kitchen sinks replaced with new stainless sinks Kitchen faucets replaced with new stainless steel faucet Faucets replaced in 2427 master bath & powder room Faucet replaced in 2429 master bath Garbage disposals replaced Mirrors installed in 2427 & 2429 powder rooms Drawer pulls newly installed, stainless steel, chrome Shower heads replaced Tub spouts (chrome) replaced Dishwasher replaced in 2429 Custom closet installed in 2427 bedroom 2” white faux-wood, easy-lift, cordless blinds in all windows Door handles throughout, all new stainless steel, non-rust All new LED lightbulbs Angle-stops replaced throughout Professional deep-cleaning of carpet

Features

  • Property Type: Multi Family 2-4
  • Sub Type: Multi Family 2-4
  • Listing Status: Active
  • County/Area: San Diego County
  • Zip Code: 92007
  • Year Built: 1977
  • Subdivision/Neighborhood: Card
  • Units: 2 units
  • Lot Size: 5227 sq ft
  • Zoning: R-2:MINOR
  • # Units w/Dishwashers: 2
  • # of Buildings: 1
  • # of Units w/Dryers: 2
  • # of Units w/Garage: 2
  • # of Units w/Patios: 2
  • # of Units w/Range/Oven: 2
  • # of Units w/Refrigerator: 2
  • # of Units w/Washers: 2
  • Annual Expense Actual: 10000
  • Annual Expense Projected: 10000
  • Cap Rate Actual: 3.5
  • Community: Cardiff By The Sea
  • Complex Features: Laundry Facilities
  • Complex/Park: Cardiff
  • Fencing: Partial
  • Gross Rent Multiplier Act: 24.8
  • Gross Sched Income Actual: 100800
  • Gross Sched Income Proj.: 100800
  • Heat Equipment: Wall/Gravity
  • Heat Source: Electric
  • Irrigation: Sprinklers
  • Listing Area: CARDIFF BY THE SEA (92007)
  • Lot Size Area: 4, 000-7, 499 SF
  • Lot SqFt: 5005
  • Parking Garage Unit 1: Assigned
  • Parking Garage Unit 2: Assigned
  • Pets: Yes
  • Roof: Composition
  • Siding: Stucco, Wood
  • Tenant Pays: Trash, Water, Cable TV, Electricity
  • Terms: Cash, Conventional
  • Unit # for Unit 1: 2427
  • Unit # for Unit 2: 2429
  • Unit 1 # Bedrooms: 3
  • Unit 1 # Total Baths: 3
  • Unit 1 # of Full Baths: 2
  • Unit 1 # of Half Baths: 1
  • Unit 1 Estimated SqFt: 1357
  • Unit 1 Exclusive Use Yard: Yes
  • Unit 1 Laundry Hook Ups: Yes
  • Unit 1 Projected Rent: 4200
  • Unit 2 # Bedrooms: 3
  • Unit 2 # Total Baths: 3
  • Unit 2 # of Full Baths: 2
  • Unit 2 # of Half Baths: 1
  • Unit 2 Estimated SqFt: 1357
  • Unit 2 Exclusive Use Yard: Yes
  • Unit 2 Laundry Hook Ups: Yes
  • Unit 2 Projected Rent: 4200
Courtesy of Beal Real Estate

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