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Key Details
Sold Price $2,500,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 816 sqft
Price per Sqft $3,063
Subdivision Encinitas
MLS Listing ID 240016480
Sold Date 09/09/24
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1965
Property Description
This Coastal North County 4-Unit Property has it all! Offering large units, ocean views, 20% upside in rent, four (4) garages, extra off-street parking (8 spots), private yards/patios, and potential for three (3) ADU’s; this property allows an investor the opportunity to utilize attractive residential financing and add value in one of San Diego’s most sought after coastal markets. The property consists of four (4) 2Bedroom / 1Bathroom Units averaging 816sf on a large 12,353sf lot. Located off I-5 and Santa Fe Dr, tenants are walking distance to San Dieguito High School and just down the street from the Self-Realization Fellowship Gardens. This well-maintained and pride of ownership asset is truly a one of a kind opportunity for the coastal value-add investor.
Location
State CA
County San Diego
Community Encinitas
Area Encinitas (92024)
Building/Complex Name None
Zoning R11
Exterior
Exterior Feature Wood/Stucco
Roof Type Rolled/Hot Mop
Building
Story 2
Lot Size Range .25 to .5 AC
Level or Stories 2 Story
Others
Acceptable Financing Other/Remarks
Space Rent $3,295
Listing Terms Other/Remarks
Financing Cash
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Bought with Angelo Joseph La Bruna III • Apartment Realty Group (ARG)