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931-939 Ocean Ave 5 Unit Apartment Building $19,998,000 ($3,999,600/Unit) Del Mar, CA 92014
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $19,998,000 | Building Class | B |
| Price Per Unit | $3,999,600 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 2,870 SF |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2002 |
| Property Subtype | Apartment | Parking Ratio | 1.74/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R2 | ||
| Price | $19,998,000 |
| Price Per Unit | $3,999,600 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 2,870 SF |
| No. Stories | 1 |
| Year Built | 2002 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | R2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Waterfront
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | - | 700 |
1 1
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 300-171-01 | Improvements Assessment | $341,248 |
| Land Assessment | $955,896 | Total Assessment | $1,297,144 |
PROPERTY TAXES
Parcel Number
300-171-01
Land Assessment
$955,896
Improvements Assessment
$341,248
Total Assessment
$1,297,144
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931-939 Ocean Ave
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