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1558 60 Summit Avenue

Cardiff By The Sea, CA 92007
  • $7,500,000
  • STATUS: Active
  • ON SITE: 28 Days
  • MLS #: NDP2306609
$7,500,000
  • 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

Approx. 3,100sf main home with 4 additional units providing significant rental income. Experience coastal living at its finest in this prestigious Composer District, Cardiff estate. Perched to capture stunning white water ocean views, this property seamlessly combines luxury with investment potential. The main residence exudes elegance, featuring ocean Views: Embrace the beauty of the Pacific Ocean, with awe-inspiring views and breathtaking sunsets. Personal Elevator: Accessibility is effortless with a personal elevator that connects different levels, catering to convenience and inclusivity. Sustainable Living: The estate features a solar energy system with battery bank for the main house. Electric Vehicle Ready: Stay ahead of the curve with prewiring for electric car charging, embracing modern technology. An oversized 3-Car Garage: Beyond parking, the garage offers additional space for storage or hobbies. Private Pool Retreat: The outdoor pool area provides a serene escape for relaxation and entertainment. Investment potential is further enhanced by four distinctive rental units: Ocean-View Rentals: Three large units offer tenants breathtaking ocean panoramas, elevating their living experience. Versatile Studio: The fourth unit is a charming studio, adaptable to guests or creative use. Additional highlights include abundant off-street parking, a dedicated rental garage, 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 2023-09-22T00:30:34.39. 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 The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/142757279
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1558 60 Summit Avenue Cardiff By The Sea, CA 92007

  • Price: $7,500,000
  • Status: Active
  • On Site: 28 Days
  • MLS #: 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
Approx. 3,100sf main home with 4 additional units providing significant rental income. Experience coastal living at its finest in this prestigious Composer District, Cardiff estate. Perched to capture stunning white water ocean views, this property seamlessly combines luxury with investment potential. The main residence exudes elegance, featuring ocean Views: Embrace the beauty of the Pacific Ocean, with awe-inspiring views and breathtaking sunsets. Personal Elevator: Accessibility is effortless with a personal elevator that connects different levels, catering to convenience and inclusivity. Sustainable Living: The estate features a solar energy system with battery bank for the main house. Electric Vehicle Ready: Stay ahead of the curve with prewiring for electric car charging, embracing modern technology. An oversized 3-Car Garage: Beyond parking, the garage offers additional space for storage or hobbies. Private Pool Retreat: The outdoor pool area provides a serene escape for relaxation and entertainment. Investment potential is further enhanced by four distinctive rental units: Ocean-View Rentals: Three large units offer tenants breathtaking ocean panoramas, elevating their living experience. Versatile Studio: The fourth unit is a charming studio, adaptable to guests or creative use. Additional highlights include abundant off-street parking, a dedicated rental garage, 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 2023-09-22T00:30:34.39. 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 The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Heather Mattlin of Keller Williams Realty (858-720-1900)