2516 San Elijo Ave Cardiff By The Sea
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2516 San Elijo Ave Cardiff By The Sea

D

Cardiff-by-the-Sea, CA 92007

$8,500,000
NEW — 3d on market

Beds

3

Baths

5

Sqft

4,185

Year Built

1993

Days on Market

3

Property Type

Single Family

HOA/mo

N/A

MLS ID

260008807SD

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

About This Property

Situated on one of the best streets in Cardiff-by-the-Sea overlooking the 979 acre San Elijo Lagoon Ecological Reserve and the Pacific Ocean coastline, this fully renovated architectural masterpiece offers a whole new experience of waterfront living. With the primary retreat at the pinnacle of the house (top floor entry level), every space in this home showcases jawdropping scenery of nature in its true element. No expense spared in the thoughtful remodel of this one-of-a-kind turnkey property complete with elevator & all the latest smart home technology features. Floor-to-celing glass walls wrap the house to promise the best views throughout. Even the staircase is a work-of-art. The home offers multiple covered deck patios with full outdoor kitchens & BBQs. A bar, gym, outdoor jacuzzi & plenty of deckspace make this home a true entertainer & wellness lover's sanctuary. Just steps from Cardiff’s sandy beaches, restaurants, shops, and the lagoon trails - this is the ultimate North County coastal retreat.

Mortgage Calculator

Est. Monthly Payment

$53,960

Principal & Interest$42,981
Property Tax$8,500
Insurance$2,479
%($1,700,000)
%

Location

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Comparable Properties

2 comps found

This Property

$8,841

vs

Comp Average

$11,167

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

Investment Score

0D
Est. Monthly Rent
$8,841
Monthly Cashflow

Rent − PITIA

$-45,119
Full Cashflow

Incl. vacancy, PM, maint, capex

$-54,235

Mortgage (P+I)
$42,981
Cap Rate
-1.59%
Cash-on-Cash
-38.28%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.16
Break-even Rent
$79,277

NOI (Annual)
$-135,057
Price-to-Rent

Lower = better for investors

80.1

* 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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