$3,800,000
$3,875,000
1.9%For more information regarding the value of a property, please contact us for a free consultation.
4,791 Sqft Lot
SOLD DATE : 03/01/2021
Key Details
Sold Price $3,800,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NDP2100149
Sold Date 03/01/21
HOA Y/N No
Year Built 1976
Lot Size 4,791 Sqft
Property Description
Beach Haven! Family compound in the coveted Beach Colony of Del Mar! A stones throw to the water. Two short blocks to the Village of Del Mar for fabulous shopping and dining. A triplex with plenty of room for the entire family. Or use one of the units for your beach home and collect income on the other units. Parking for 8 cars, which is difficult to come by at the beach. Well cared for building, all units remodeled with granite, quartz, wood like tile floors throughout, large patio for the downstairs, upstairs 3 bedroom has 2 patios and the studio in the rear has it's own patio. Community laundry room and exterior shower to wash the sand off after surfing. Upstairs unit has it's own additional laundry. Create family memories here with fabulous summers at the beach in Del Mar! You can leave the car parked for the weekend as you spend the day on the sand and strolling up to the Village in the evenings for dinner. In the Village you will find the open air Plaza of Del Mar with ocean view dining, relaxing on the large community patio, listening to live music with fantastic shops to satisfy all tastes. On the opposite corner is the coveted L'Auberge Del Mar, an award winning luxury resort with it's own picturesque coastal views. Open for dining with a luxury spa for your relaxing needs, live music, theme parties and weddings galore. Dreams happen here, in the Village by the Sea. Opportunity to own the magic of Del Mar! Rental Income: Upper 3/2 on a lease through 6/21 at $5100p/month, Lower 3/2 was at $5,000 but for Covid was reduced to $4,000 and tenant is on a month to month. The studio is on a lease through October 2022 at $2,650. Latest comps of units in Del Mar : 1801-3 Coast, a fixer of 2496 sq ft sold for $3,075,000 = $1231 p/sq ft 220 26th St a fixer sold for $2,200,000 = $1681 p/sq ft. The Beach Colony Average Selling Price Per Square Foot leaving Off Ocean Front is $1618 which makes this property a steal at it's price!
Location
State CA
County San Diego
Area 92014 - Del Mar
Zoning R2
Interior
Fireplace No
Laundry Common Area, Washer Hookup, Electric Dryer Hookup, Inside, Laundry Closet, Upper Level
Exterior
Carport Spaces 4
Pool None
Community Features Curbs, Street Lights, Sidewalks, Park
Total Parking Spaces 8
Private Pool No
Building
Lot Description Drip Irrigation/Bubblers, Landscaped, Near Park, Street Level, Walkstreet
Story 2
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 2991411100
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
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Bought with Kathleen Gelcich • Pacific Sotheby's Int'l Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "