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    1933-35 Coast

    Del Mar, CA 92014
    • $3,800,000
    • STATUS: Closed
    • ON SITE: 59 days
    • ID#: NDP2100149
    Sold - 03/01/2021
    $3,800,000
    SOLD - 03/01/2021
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,475
      SQFT
    • $1,094
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1976
    County:

    School Ratings & Info

    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!

    Sold by Kathleen Gelcich of Pacific Sotheby's Int'l Realty.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-06T00:28:43.873. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.

    www.bestlahomefinder.com/homes/113028512
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    1933-35 Coast Del Mar, CA 92014

    • Price: $3,875,000
    • Status: Closed
    • ID#: NDP2100149
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    3,475
    SQFT
    $1,094
    $/SQFT
    1976
    Built
    Neighborhood:
    92014 - Del Mar
    County:
    San Diego
    Area:
    92014 - Del Mar
    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!
    Exterior Features

    Carport Spaces 4.00 Garage Spaces 0.00 Lot Features LandscapedLevel With StreetPark NearbySprinklers Drip SystemWalkstreet Lot Size Units Square Feet Parking Total 8.00 Pool Features None Pool Private YN No Property Attached YN Yes Uncovered Spaces 4.00

    Interior Features

    Common Walls 1 Common Wall Laundry Features Common AreaElectric Dryer HookupIn ClosetInsideUpper LevelWasher Hookup

    Property Features

    Building Area Units Square Feet Cap Rate 4.00 Community Features CurbsSidewalksStreet Lights Fuel Expense 0.00 Gross Income 153000.00 Gross Scheduled Income 153000.00 Insurance Expense 100.00 Land Lease YN No Laundry YN Yes Net Operating Income 151000.00 New Taxes Expense 0.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 3 Number Wall AC 2 Number With Dishwasher 3 Number With Disposal 3 Number With Drapes 0 Number With Patio 3 Number With Range 3 Number With Refrigerator 3 Operating Expense 2000.00 Property Sub Type Triplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 12750.00 Total Expenses 0.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning R2

    Listing provided courtesy of Marla Zanelli of Coldwell Banker Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-06T00:28:43.873. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.

     
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