2238 Manchester Avenue
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2238 Manchester Avenue

D

Cardiff-by-the-Sea, CA 92007

$3,600,000
NEW — 0d

Beds

Baths

Sqft

3,200

Year Built

1973

Days on Market

0

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

NDP2605144

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

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About This Property

4-plex nestled in the highly desirable Walking District neighborhood of Cardiff-by-the-sea. This beautifully situated 3,200 sq ft building offers an exceptional coastal setting with tranquil ocean breezes and westerly sunset skies. Walkable to Cardiff State Beach, Seaside Market and the coastal rail trail all within minutes. Glen Park is just steps away! Inside the thoughtful and extensively updated interiors that were completed for all 4 units in 2020 in high end finishes. Each unit is a 2bed/1bath and approx 800 sq ft each. Units 3 & 4 can be shown on short notice. Entire structure was fumigated for drywood termites in Sept 2020 and treated for subterranean termites in Aug 2025. Stairs, elevated walkway & balcony inspection was completed in Aug 2024. EEE-report in good condition and is availble for review.

Mortgage Calculator

Est. Monthly Payment

$22,854

Principal & Interest$18,204
Property Tax$3,600
Insurance$1,050
%($720,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$6,097
Monthly Cashflow

Rent − PITIA

$-16,757
Full Cashflow

Incl. vacancy, PM, maint, capex

$-21,159

Mortgage (P+I)
$18,204
Cap Rate
-0.99%
Cash-on-Cash
-35.26%
DSCR

Need ≥ 1.25 for DSCR loan

0.27
Break-even Rent
$33,576

NOI (Annual)
$-35,464
Price-to-Rent

Lower = better for investors

49.2

* 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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