2385 Manchester Avenue
Dbottom 20%Cardiff-by-the-Sea, CA 92007
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 →
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
Location
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Comparable Properties
3 comps foundThis Property
$8,381
Comp Average
$7,583
1839 Freda Lane
5bd / 4ba · 2,978 sqft · Single Family
$2.95M
Est. $9,993/mo
2465 Oxford Avenue Cardiff By The Sea
3bd / 2ba · 1,488 sqft · Single Family
$2.98M
Est. $7,057/mo
2274 Edinburg Cardiff By The Sea
3bd / 1ba · 970 sqft · Single Family
$2.50M
Est. $5,698/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
9 leases of 3–5 bed houses within 0.5 mi · $8,152–$10,022
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$16,581/mo short at 20% down; 100% down or +$21,533/mo rent closes it.
- Break-even price
- $840,246
- Break-even rent
- $29,914/mo
- Cashflow at 35% down
- −$13,457/mo
- Down payment to break even
- 100%
- Rate to break even
- Not reachable
72% under asking
$21,533/mo above the estimate
$2,999,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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