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1558 60 Summit Avenue

Cardiff By The Sea, CA 92007
  • $6,500,000
  • STATUS: Active
  • ON SITE: 35 Days
  • ID#: NDP2306609
Price Reduced
UPDATED: 44 min ago
$6,500,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1985
County:

School Ratings & Info

Listing Agent(s): Heather Mattlin of Keller Williams Realty (858-720-1900)


Description

Approximately 3,100sf main home with 4 additional rental units providing substantial income opportunity with 11 off street parking spots plus 5 garage spaces. Experience coastal living at its finest in this prestigious Composer District property in Cardiff. Perched on a large .29 acre lot to capture stunning white water ocean views, this property seamlessly combines luxury with investment potential. The main residence exudes elegance, featuring ocean views all the way to La Jolla with awe-inspiring sunsets off of the extra large balcony with custom gazebo perfect for entertaining. This home also features an extra office space/ craft room, a large storage area, oversized private 3 car garage pre-wired for electric car charging, a whole house water filtration system and a personal Elevator coming up from the private laundry room off of the garage. The main home features a solar energy system with battery bank for the main house that is fully paid for. The outdoor pool area provides a serene escape for relaxation and entertainment with a built-in gas fireplace and is currently set up as primary use for the main house. Investment potential is further enhanced by four distinctive rental units: Three of the large units offer tenants breathtaking ocean panoramas, elevating their living experience. The fourth unit is a charming studio, adaptable to guests or creative use. Additional highlights include abundant off-street parking, a dedicated 2 car garage for the rental units, ample storage areas and a prime coastal location in Cardiff. With stability in tenant occupancy, this estate presents not only a luxurious living opportunity but also a smart investment choice. Seize the chance to own an extraordinary slice of Cardiff's coastal charm

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T09:28:31.457. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
www.romerohometeam.com/homes/142757279
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1558 60 Summit Avenue Cardiff By The Sea, CA 92007

  • Price: $6,500,000
  • Status: Active
  • On Site: 35 Days
  • Updated: 44 min ago
  • ID#: NDP2306609
0
Beds
0
Baths
0
½ Baths
0.29
Acres
1985
Built
Neighborhood:
92007 - Cardiff By The Sea
County:
San Diego
Area:
92007 - Cardiff By The Sea
Property Description
Approximately 3,100sf main home with 4 additional rental units providing substantial income opportunity with 11 off street parking spots plus 5 garage spaces. Experience coastal living at its finest in this prestigious Composer District property in Cardiff. Perched on a large .29 acre lot to capture stunning white water ocean views, this property seamlessly combines luxury with investment potential. The main residence exudes elegance, featuring ocean views all the way to La Jolla with awe-inspiring sunsets off of the extra large balcony with custom gazebo perfect for entertaining. This home also features an extra office space/ craft room, a large storage area, oversized private 3 car garage pre-wired for electric car charging, a whole house water filtration system and a personal Elevator coming up from the private laundry room off of the garage. The main home features a solar energy system with battery bank for the main house that is fully paid for. The outdoor pool area provides a serene escape for relaxation and entertainment with a built-in gas fireplace and is currently set up as primary use for the main house. Investment potential is further enhanced by four distinctive rental units: Three of the large units offer tenants breathtaking ocean panoramas, elevating their living experience. The fourth unit is a charming studio, adaptable to guests or creative use. Additional highlights include abundant off-street parking, a dedicated 2 car garage for the rental units, ample storage areas and a prime coastal location in Cardiff. With stability in tenant occupancy, this estate presents not only a luxurious living opportunity but also a smart investment choice. Seize the chance to own an extraordinary slice of Cardiff's coastal charm
Exterior Features

Direction Faces West Entry Level 2 Entry Location Front Exterior Features Fire Pit Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 2 Open Parking Spaces 8 Parking Features DrivewayGarageOff Street Parking Total 13 Pool Features In Ground Pool Private YN Yes Property Attached YN Yes Spa YN No View OceanPanoramicWater View YN Yes

Interior Features

Common Walls 2+ Common Walls Cooling YN No Fireplace Features Family RoomGasGas StarterGuest AccommodationsOutside Fireplace YN Yes Heating YN No

Property Features

Association Fee 0 Association YN No Cap Rate 2.84 Community Features BikingHikingWater Sports Electric Expense 192 Fuel Expense 250 Garage YN Yes Gross Income 352000 Gross Scheduled Income 352000 Inclusions All Appliances For Rental Units Insurance Expense 4700 Land Lease YN No Laundry Features InsideLaundry Room Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 213500 New Taxes Expense 96750 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 138500 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 12915 Trash Expense 72 Water Sewer Expense 225 Water Source Public Zoning R-2 Minor Multiple



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T09:28:31.457. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
 
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Romero Home Team | eXp Realty
865 Aerovista Pl, Suite 120
San Luis Obispo CA, 93401
Listing Agent(s): Heather Mattlin of Keller Williams Realty (858-720-1900)