2385 Manchester Avenue

2385 Manchester Avenue

Dbottom 20%

Cardiff-by-the-Sea, CA 92007

$2,999,000
NEW — 0d

Pass at asking: -$16,581/mo full cashflow at 20% down, 7.43% rate.

Works at $840,246 (72% under asking), or at all cash.

Rent $8,381/mo from 9 leases of 3–5 bed houses within 0.5 mi ($8,152–$10,022).

Beds

4

Baths

2.5

Sqft

2,250

Year Built

2022

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2610180

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

Virtual Tour

About This Property

Modern architecture. Ocean views. Cardiff living, from the garden courtyard to the rooftop deck. Built in 2022, 2385 Manchester Avenue combines inviting spaces to entertain, quiet places to retreat, and thoughtful details throughout approximately 2,250 square feet. Beneath soaring vaulted ceilings, the upper-level great room opens to a generous ocean-view deck, making the Pacific part of everyday life. Morning coffee, alfresco dinners, and evenings around the gas fireplace feel equally at home here. The kitchen pairs white shaker cabinetry with a large island, chef’s gas range, and walk-in pantry. Above it all, the rooftop deck offers sweeping coastal views—a memorable setting for sunset drinks and evenings with friends. The spacious primary suite enjoys ocean views and its own private balcony, along with a spa-like bathroom featuring a soaking tub, separate shower, and walk-in closet with upgraded organization. A separate lower-level entrance leads through a lush garden courtyard with a sunken patio and fountain. Inside, a welcoming living room and lounge connect to a flexible bar and office area, with a hallway leading to a full bathroom and two additional rooms. The separation offers flexibility for hosting guests, extended stays, or working from home. At the middle-level entrance, a custom mudroom with LED lighting, cabinetry, and a bench connects directly to the garage. Epoxy flooring, a wall-mounted rack system, and organized storage make room for bikes, boards, and coastal gear. Currently used as a personal gym and training space, the garage adds everyday versatility. The home offers three bedrooms plus an office, marketed as the fourth bedroom. Motorized shades, luxury vinyl plank flooring, fresh interior paint, and owned reverse-osmosis, water-softening, and filtration systems round out the thoughtful features. From quiet moments beside the courtyard fountain to sunsets above the coast, this is a home that makes the most of its Cardiff setting.

Mortgage Calculator

Est. Monthly Payment

$20,534

Principal & Interest$16,661
Property Tax$2,999
Insurance$875
%($599,800)
%
Loan Term

Location

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Investment Score

2D
Est. Monthly Rent
$8,381

9 leases of 3–5 bed houses within 0.5 mi · $8,152–$10,022

Monthly Cashflow

Rent − PITIA

-$12,154
Full Cashflow

Incl. vacancy, PM, maint, capex

-$16,581

What would make this work?

$16,581/mo short at 20% down; 100% down or +$21,533/mo rent closes it.

Break-even price

72% under asking

$840,246
Break-even rent

$21,533/mo above the estimate

$29,914/mo
Cashflow at 35% down
−$13,457/mo
Down payment to break even

$2,999,000 cash

100%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$16,661
Cap Rate
0.20%
Cash-on-Cash
-33.17%
DSCR

Need ≥ 1.25 for DSCR loan

0.41

NOI (Annual)
$5,991
Price-to-Rent

Lower = better for investors

29.8

* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

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

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DCashflow−$16,581/mo