931-939 Ocean Ave - Apartments FOR SALE


Del Mar, CA 92014
$21,995,000 USD
931-939 Ocean Ave, Del Mar, CA for Sale
$21,995,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

931-939 Ocean Ave
Del Mar, CA 92014


OVERVIEW

A Once-in-a-Lifetime Opportunity purchase the 5 Iconic & Legendary Cottages of Del Mar (est 1886) For the first in decades, a truly extraordinary multi-unit property is being offered in Del Mar – and it is nothing short of Legendary. Located in a Super Prime, Iconic Oceanfront setting, this rare offering features Five (5) Luxury Cottages perched atop over 180 Feet of Dramatic Bluff Frontage. Originally built in the 1880’s, these historic cottages are a treasured piece of Del Mar’s storied past. Each of the 5 residences have a charming coastal vibe perfect floorplan as a one-bedroom loft layout, approximately 700 square feet in size, blending timeless character with Breathtaking Ocean Views. Opportunities like this – to own multiple Oceanfront units on one of Del Mar’s most coveted stretches of coastline – simply do not come around. Whether you preserve their historic charm or create a new legacy, this is a Once-in-a-Generation Chance to secure a remarkable piece of Southern California’s Coastal History.

FOR SALE DETAILS

PRICE

$21,995,000 USD

PRICE/SF

$7,664 USD /SF

# OF UNITS

5

PRICE/UNIT

$4,399,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,947 SF

ZONING

R2

APN/PARCEL ID

300-171-01

ASK ABOUT THIS PROPERTY

Craig LotzofCOMPASS | The LOTZOF GroupMore Info

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Craig LotzofCOMPASS | The LOTZOF GroupMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.