1310 Ocean Ave, Del Mar, CA 92014

Property Description

Opportunity awaits! Idyllic Olde Del Mar multi-family dwelling offers 5 warm, soulful & profitable rental units w/ OCEAN VIEWS. (4) 2BR 1BA units & (1) 1BR 1BA unit, 2 offices, 3 garages w/ 8 add’l onsite parking & plenty of surfboard storage. Mature Monterey Cypress trees, veg garden, Indoor/outdoor living w/ sounds & views of the ocean from every room. Keep as is or develop 8,712SF R-2 lot (35% FAR) to build 1 or 2 new homes. Located in the heart of the village, steps to the beach, shops, restaurants. Opportunity & possibility awaits! This idyllic Olde Del Mar multi-family dwelling offers five warm, soulful & profitable rental units with ocean views and sounds of the surf. Four units offer 2 bedrooms and 1 bath and the additional unit offers 1 bedroom and 1 bath. On the first floor you’re welcomed by the sound of the surf, mature Monterrey Cyprus trees overhead and three units which have all been updated and refreshed with lovely & spacious patios for lounging in the Del Mar sun. Make your way around to the west side of the property and find healthy green vegetable and succulent gardens, private patio and detached office. On the east side find plenty of surfboard storage, laundry room which serves all units, 3-car garage and 8 additional onsite parking spots and an additional office. Upstairs are the last two premium units which have also been renovated. Both of which offer amazing wide open ocean views, large windows. The upper north unit has a huge viewing and entertaining deck for year round enjoyment. Resting upon an oversized 8,712SF R-2 lot (35% FAR); keep this special property as is or develop it into one or two custom homes. A fantastic opportunity for rental income or multigenerational living for years to come. Only steps to the beach, shops, trails, and restaurants.. Neighborhoods: Old Del Mar Equipment: Range/Oven Other Fees: 0 Sewer: Sewer Connected Topography: LL