2024 Montgomery Ave

Off Market

2024 Montgomery Ave

Encinitas CA 92007

4948 sq. ft.

Multi-Family

Last sold for $3,200,000

Kenneth Herskind, last sold this property on 19 September 2025 after 346 days on market.

Overview

We are pleased to present 2024-30 Montgomery Ave. Apartments, an exclusive coastal multifamily rental property in Cardiff-by-the-Sea community and located west of Interstate 5. The subject property financials are extremely attractive for a prime coastal rental property with a current 4.11% CAP rate / 5.01% Proforma CAP rate, along with a current 17.09 GRM / Proforma 14.73 GRM. The subject property is also comprised of roughly 3,050 SF living space with a total of five units. The approximately 4,984 SF lot provides five surface parking spaces accessed from the rear alley along with spacious common area along the front and side of the property for tenants to enjoy a barbecue and other social activities. The current unit mix includes (1) two bedroom / one bath unit, (3) one bedroom / one bath units, and (1) studio unit. The building was built in 1977, and all units were completely renovated approximately eight years ago by the previous owner. The current owner has maintained all the interiors, exterior, and common areas in meticulous condition. The subject property is also within very close walking distance to some of the very best amenities that Cardiff-by-the-Sea has to offer tenants. For example, the San Elijo State Beach is only a few blocks to the west along with shopping and eating options such as Best Pizza & Brew, Cardiff Seaside Market, Chase Bank, Cardiff Library, Post Office, 7-Eleven, and more local businesses.

Features

3 bedrooms

3 bathrooms

4948 sq. ft. lot size

Multi-Family

Estimated Value

We need at least 3 similar 3 bedroom multi families sold in Encinitas over the last 12 months.

Property history for 2024 Montgomery Ave

2025

Sold

$3,200,000

19 Sep 2025 by Kenneth Herskind, of Top Gun CRE

2016

Sold

$1,350,000

30 Mar 2016 by Tim Hart, of Dave Stubbs Real Estate, Inc

Happy sellers in Encinitas

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Local market activity for 3 bedroom multi families in Encinitas

Sold

For Sale

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People are reaching out to these agents in Encinitas for a market analysis.

Polly Rogers

at Compass

(24 reviews)

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Maria Lopez

at Mi Casa Real Estate

(15 reviews)

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Sally Schoeffel

at Compass

(33 reviews)

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Patty Keck

at SeaCoast Exclusive Properties

(2 reviews)

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Nearby agents

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Polly Rogers

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