1805 Mackinnon Avenue

1805 Mackinnon Avenue

D

Cardiff-by-the-Sea, CA 92007

$2,795,000

Beds

Baths

Sqft

2,523

Year Built

1976

Days on Market

675

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

24393671

View on MLS

Description

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)
%

Investment Score

0D
Est. Monthly Rent
$6,568
Monthly Cashflow

Rent − PITIA

$-11,175
Full Cashflow

Incl. vacancy, PM, maint, capex

$-15,015

Mortgage (P+I)
$14,133
Cap Rate
-0.38%
Cash-on-Cash
-32.23%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.37
Break-even Rent
$26,068

NOI (Annual)
$-10,582
Price-to-Rent

Lower = better for investors

35.5

* 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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