Cariff By The Sea Duplex Home Sold - 2048 Edinburg Avenue
Posted by Beach Cities Real Estate on Friday, January 5th, 2018 at 4:31pm.
A Cardiff by The Sea duplex home has been sold by Beach Cities Real Estate agent Dan Benjamin who represented the buyers. 2048 Edingburgh sold for $1,557,800 and closed escrow on 12/26/2017. The duplex was on the market for a total of 110 days and was originally listed at $1,499,000. It received a lot of activity while being on the market due to the upscale neighborhood and ocean views and sold for over $58,000 over the original list price. The sale was subject to court approval with two buildings being sold. Both sides of the duplex featured a total of two bedrooms and one bath with a non-confirming 3rd unit studio that had been converted from the garage and featured a large private patio and parking.
The units were nicely updated with a modern style kitchen with stainless steel appliances, laminate hardwood flooring and washer/dryers in each of the units. The biggest selling point for both units was the outdoor living space and featured extend patios and panoramic views. The upper unit also feature a wonderful roof top deck and fire pit. The sale came with five off street parking spaces. The approximate square footage of the units were 920 square feet for both the two bedroom units and 450 square feet for the bonus 3rd unit. Actual rents for the 2 bedroom units were $3,100 and $2,600 a month while the third units came in at $1,375 a month. Due to the non-confirming aspects of this deal the home was advertised for a cash buyer. Dan Benjamin of Beach Cities Real Estate is a real estate agent and investor who helps clients identify well producing income properties. To learn more about investing in the San Diego county beach properties please contact Dan Benjamin at 619-988-9707 today.
