Address Not Available By Request

    Encinitas, CA 92024
    • $2,595,000
    • STATUS: ACTIVE
    • ON SITE: 81 days
    • ID#: 190042625
    UPDATED: 18 min ago
    $2,595,000
    • 8
      BEDS
    • 0.14
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,450
      SQFT
    • $752
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1971
    County:

    School Ratings & Info

    Description

    This is a fantastic opportunity to purchase a fully-remodeled, 100% occupied coastal four (4) unit complex in the high-demand rental market of Encinitas (a North County San Diego Coastal Community). The subject property is located on a 6,145sf lot consisting of one (1) 2Bedroom/1.5Bathroom Unit (~900sf) and three (3) 2 Bedroom/1Bathroom Units (~850sf) that include assigned onsite parking (10 spaces), private backyards (lower units), vaulted/high-beam ceilings (upper units) and washer/dryer in each unit.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.whisselrealty.com/homes/97506730

    Address Not Available By Request Encinitas, CA 92024

    • Price: $2,595,000
    • Status: ACTIVE
    • Updated: 18 min ago
    • ID#: 190042625
    8
    Beds
    4
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,450
    SQFT
    $752
    $/SQFT
    1971
    Built
    Neighborhood:
    Encinitas
    County:
    San Diego
    Area:
    Encinitas (92024)
    Property Description
    This is a fantastic opportunity to purchase a fully-remodeled, 100% occupied coastal four (4) unit complex in the high-demand rental market of Encinitas (a North County San Diego Coastal Community). The subject property is located on a 6,145sf lot consisting of one (1) 2Bedroom/1.5Bathroom Unit (~900sf) and three (3) 2 Bedroom/1Bathroom Units (~850sf) that include assigned onsite parking (10 spaces), private backyards (lower units), vaulted/high-beam ceilings (upper units) and washer/dryer in each unit.
    Exterior Features

    Exterior Wood/Stucco Fencing N/K Roof Other/Remarks Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard Yes Unit4 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 2

    Interior Features

    Cooling N/K Furnished Units 0 Half Baths Unit1 1 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 4 Units With Dryers 4 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 4

    Property Features

    Actual Cap Rate 3.15 Additional Property Use Ormks Age Restrictions N/K Annual Expense Actual 39279 Annual Expense Projected 39279 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0 Community Leucadia Complex Park 0 Cross Streets Andrew Avenue Gross Rent Multiplier Actual 20.79 Gross Rent Multiplier Project 19.22 Gross Scheduled Income Actual 124800 Gross Scheduled Income Project 135000 Mandatory Remarks None Known Market Area Coastal North Monthly Total Fees 0 Net Operating Income Projected 91671 Other Fees 0 Other Income Actual 0 Projected Cap Rate 3.53 Projected Other Income 0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays Cable TvElectricityHot Water Terms CashConventionalFhaVaOther/Remarks Unit1 Deposit 1500 Unit1 Occupied Tenant Unit1 Projected Rent 2850 Unit1 Rent Actual 2300 Unit2 Deposit 1500 Unit2 Occupied Tenant Unit2 Projected Rent 2800 Unit2 Rent Actual 2750 Unit3 Deposit 1500 Unit3 Occupied Tenant Unit3 Projected Rent 2800 Unit3 Rent Actual 2750 Unit4 Deposit 1500 Unit4 Occupied Tenant Unit4 Projected Rent 2800 Unit4 Rent Actual 2600 Water District San Dieguito Water District

    Listing provided courtesy of Apartment Realty Group (Arg). Listing information © 2019 San Diego MLS Inc. Source: SDMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
    eXp Realty of California - CA DRE# 01878277
    3180 University Ave, Suite 600
    San Diego CA, 92104