330 W I ST Encinitas, CA 92024
Sale
$15,500,000
21 Units
2 Beds
1 Baths
18,460 Area(sq.ft.)
28,314 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 2 | 21 | 2 | 1 | $ 935,268 | $ 952,677 | $ 1,133,852 | |
| 1 | 21 | 42 | 21 | $ 19,640,628 | $ 20,006,217 | $ 23,810,892 |
| MLS #: | NDP2400124MR |
| Days On Market: | 60 |
| County: | San Diego |
| Property Type: | Residential Income |
| Price per ft2: | $ 840 |
| Price per unit: | $ 738,095 |
| Year Built: | 1960 |
Property Details
Gorgeous 21 unit Apartment complex in Downtown Encinitas on the bluffs overlooking the Ocean, and Swami's surf spot. Same Ownership for last 20 years. Units have been renovated to various extent over last 20 years but there is upside if the Buyers want to improve further and add w/d to each unit. Last 2Br condo sale in the neighborhood $2.85m. Newer pitched comp roof, water pipes replaced in 2003, pool and pool area renovated in last 2 years, newer windows, new 2nd floor deck going in now. Close to all the restaurants, shops, theater, banks, yoga studios, and train station on or near HWY 101.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 924,619 |
| Total Annual Expense: | $ 298,012 |
| Net Operating Income: | $ 626,607 |
| Cap Rate: | 4.04% |
| Gross Rent Multiplier: | 16.27 |
Structure
| Community Features: | Gutters, Sidewalks, Storm Drains, Street Lights, Park, Watersports |
| Security Features: | Carbon Monoxide Detector(s), Fire and Smoke Detection System |
| Sewer: | Public Sewer |
| View Description: | Bluff, Ocean, Water |
| Water: | Public |
Land & Parking
| Zoning: | D-R25 |
| Land Lease Type: | Fee |
| Total Parking: | 27 |
Interior
| Cooking Appliances: | Gas, Gas/Electric Range, Microwave, Oven-Gas |
| Equipment: | Community, Dishwasher, Microwave, Recirculated Exhaust Fan, Refrigerator |
| Laundry: | Community |
| Laundry Equipment: | Lease |
Exterior
| Exterior Construction: | Stucco |
| Pool: | True |
| Pool Description: | Solar Heat |
| Roof: | Composition |
| Spa: | No |
Detailed Map
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