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

Soft Appraisal Value: $7,998,100 · 6.3% above estimate

Beds

3

Baths

5

Sqft

4,185

Year Built

1993

Days on Market

48

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

Breathtaking ocean views and a newly completed multi-million dollar renovation highlight this one-of-a-kind residence. The lagoon/ocean facing exterior has been fully reimagined to incorporate two outdoor kitchens and two covered dining areas within 2,000+ square feet of outdoor living space. Designed to blur the lines between indoors and out, the home embraces seamless indoor-outdoor living at every turn. Expansive floor-to-ceiling glass walls disappear into the scenery, flooding the interiors with natural light, ocean breezes, and uninterrupted views of the lagoon, sunsets, and coastline beyond. With the luxurious primary retreat positioned at the pinnacle of the home on the top-floor entry level, nearly every space captures jaw-dropping vistas of nature in its purest form. Every inch of the residence reflects thoughtful design and bespoke craftsmanship, from the sculptural statement staircase to the integration of the latest smart home technology throughout. Located just moments from Cardiff’s sandy beaches, renowned restaurants, boutique shops, and scenic lagoon trails, this is a rare opportunity to own one of North County’s most iconic and refined coastal retreats.

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

$7,577

vs

Comp Average

$11,282

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

Investment Score

0D
Est. Monthly Rent
$7,577
Monthly Cashflow

Rent − PITIA

$-46,383
Full Cashflow

Incl. vacancy, PM, maint, capex

$-55,209

Mortgage (P+I)
$42,981
Cap Rate
-1.73%
Cash-on-Cash
-38.97%
DSCR

Need ≥ 1.25 for DSCR loan

0.14
Break-even Rent
$79,277

NOI (Annual)
$-146,737
Price-to-Rent

Lower = better for investors

93.5

* 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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