1805 Mackinnon Avenue
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1805 Mackinnon Avenue

C

Cardiff-by-the-Sea, CA 92007

$2,795,000

Soft Appraisal Value: $2,672,600 · 4.6% above estimate

Beds

Baths

Sqft

2,523

Year Built

1976

Days on Market

769

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

24393671

This property is in Cardiff-by-the-Sea (92007). View neighborhood stats →

About This Property

Discover this unique ocean view multi-unit property in Cardiff by the Sea. This property features two main units and moments away from beaches. Start your mornings taking in the coastal breeze and gorgeous views in this fully remodeled property consisting of 2 units. This property has been tastefully remodeled with fresh paint inside and out, new energy efficient windows, designer kitchens with quartz counters and SS appliances. Other updates include brand new hardwood floors, all new doors, trim, fixtures and updated bathrooms. Whether for AirBnb, Live in one and rent the rest, development, or creating a friend/family beach compound, this property delivers so much opportunity.

Mortgage Calculator

Est. Monthly Payment

$17,743

Principal & Interest$14,133
Property Tax$2,795
Insurance$815
%($559,000)
%

Location

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Comparable Properties

2 comps found

This Property

$7,336

vs

Comp Average

$7,933

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

0D
Est. Monthly Rent
$7,336
Monthly Cashflow

Rent − PITIA

$-10,407
Full Cashflow

Incl. vacancy, PM, maint, capex

$-14,423

Mortgage (P+I)
$14,133
Cap Rate
-0.12%
Cash-on-Cash
-30.96%
DSCR

Need ≥ 1.25 for DSCR loan

0.41
Break-even Rent
$26,068

NOI (Annual)
$-3,485
Price-to-Rent

Lower = better for investors

31.7

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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