2034 Mackinnon Avenue

2034 Mackinnon Avenue

D

Cardiff By The Sea, CA 92007

$3,495,000

Beds

5

Baths

4.5

Sqft

1,667

Year Built

1956

Days on Market

114

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2510708

View on MLS

Description

Turnkey, single-level, 2023 completely renovated by design/build Buechler Builders, private coastal retreat with an ADU on top-of-the-hill elevated 5,000sf lot! West of Highway 5, this beautifully updated, single-family home offers horizon sunset views & peek ocean, with the perfect blend of timeless charm and modern amenities. Featuring 4 bedrooms and 3.5 baths, this 1,408 sq ft main home is complemented by an attached private 259 sq ft ADU, ideal for guests, rental income, or multi-generational living. Each home having their own private entry, garage, legal address, plus separate gas and electric meters. Recent rental history $9,000.00/mo. main house and $3,900.00/mo. ADU. Step inside to find white oak flooring, soaring open-beam cedar wood ceilings, and an open-concept layout that flows effortlessly from the quartzite kitchen with oak cabinetry and stainless-steel appliances, to the inviting living and dining areas. Three of 4 bedrooms provide direct access to private outdoor patios via French or sliding doors, Pella windows, with two ensuite bathrooms for added comfort. The professionally landscaped grounds feature three private patios, a tranquil water feature, two cozy firepits, and lush greenery enhanced by automatic ambient lighting — perfect for entertaining day or night. The 2023 newly built ADU is fully equipped with its own kitchen, full bathroom, stacked washer/dryer, stainless appliances, and a spacious private deck with firepit — a serene escape or income-producing opportunity. Possible future development opportunity! With 2 underlying legal lots that can be developed into a legal twin home, with potential ocean views. Conceptually, each unit consisting of 2150 sq ft attached single family home with each an ADU and each a 2-car garage. Current features include: 2-car garage for main house + 1-car garage for ADU, Cedar shake shingle exterior with true coastal character, quiet, private lot in a prime top-of-the-hill coastal location.

Mortgage Calculator

Est. Monthly Payment

$22,187

Principal & Interest$17,673
Property Tax$3,495
Insurance$1,019
%($699,000)
%

Comparable Properties

2 comps found

This Property

$5,196

vs

Comp Average

$3,696

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

Investment Score

0D
Est. Monthly Rent

Estimated Rent

$5,196
Monthly Cashflow

Rent − PITI − HOA

$-16,991
Full Cashflow

Incl. vacancy, PM, maint, capex

$-21,098

Mortgage (P+I)
$17,673
Cap Rate
-1.18%
Cash-on-Cash
-29.17%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.29
Break-even Rent
$22,187

NOI (Annual)
$-41,107
Price-to-Rent

Lower = better for investors

56.1

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

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