2269 Edinburg Ave Immeuble residentiel 3 lots 1 887 267 € (629 089 €/Lot) Cardiff By The Sea, CA 92007

Cardiff Apartments presents a rare investment opportunity in the heart of Cardiff-by-the-Sea, one of Southern California’s most coveted coastal enclaves. Located west of Interstate 5 at 2269–71 Edinburg Avenue, this low-rise multifamily asset offers a compelling blend of lifestyle appeal and long-term upside. The property comprises two spacious 2-bedroom, 2-bath units, each with private garages and in-unit laundry, positioned above a modern, non-conforming 1-bedroom, 1-bath unit constructed in 2016. Interior upgrades include vaulted ceilings, renovated bathrooms, new windows and doors, and private outdoor spaces such as sun decks and balconies.
The site spans 6,568 SF and benefits from solar enhancements, ample off-street parking, and a shared garden area. With a walkable location near Cardiff State Beach, Swami’s, Seaside Market, and the vibrant retail and dining scene along Highway 101, residents enjoy unmatched convenience and coastal charm. The property’s current cap rate of 0.99% reflects significant value-add potential, with market rents projected to increase total annual income from $56,400 to $130,800. Demographics within a one-mile radius show an affluent population with average household incomes exceeding $208,000 and home values averaging $1.7M+, reinforcing the area’s desirability and investment strength.
Whether repositioned for higher returns or held as a stable coastal asset, Cardiff Apartments offers a rare chance to own in a tightly held submarket with enduring demand and limited inventory.