$3,499,000
OPEN WED 10:30AM - 12:30PM $500K PRICE DROP

1004 Nardo Rd Encinitas, CA 92024

Estimated payment $20,183/month

Total Views 20,340
4 Beds
4 Baths
2,108 Sq Ft
$1,660 Price per Sq Ft

Highlights

  • Solar Heated In Ground Pool
  • Property is near public transit
  • No HOA
  • Ocean Knoll Elementary School Rated A
  • Corner Lot
  • Laundry Room

About This Home

Experience Coastal Living: A Rare Bed & Breakfast Opportunity in Encinitas Welcome to a one-of-a-kind home attached to a holistic bed and breakfast nestled in the heart of Encinitas, just minutes from the sparkling Pacific Ocean and vibrant coastal community. This extraordinary, eco-friendly property presents a unique opportunity to own a breathtaking coastal retreat while managing a successful business with significant income potential. The centerpiece of the property is a charming two-bedroom beach bungalow, designed with an open-concept layout and a cozy outdoor living area. The secluded backyard is a true oasis, featuring a sparkling pool and a serene Bali Hut pool house, providing the perfect setting to relax and recharge while overseeing the thriving Bed and Breakfast. This unique B&B seamlessly blends modern luxury with warm, inviting charm. Featuring thoughtfully designed guest accommodations, the property captures the beauty of the coast through its open-concept living spaces, natural light, and with guest rooms designed on the philosophy of the four elements of nature. Each guest room is carefully curated to provide guests with an unforgettable stay, combining comfort, style, and a deep connection to the surrounding natural beauty. Whether lounging in the sun-soaked deck or enjoying a morning coffee on one of the private patios, visitors are embraced with fresh coastal breezes. This is more than a place to stay—it's a destination where guests can escape, unwind, and immerse themselves in the magic of Encinitas. For prospective owners, the property offers a fantastic opportunity to capitalize on Encinitas' popularity as a premier travel and wellness destination. Its prime location, just minutes from iconic attractions like Moonlight Beach and the Self-Realization Fellowship Gardens, ensures a steady flow of guests seeking an authentic coastal experience. The eco-friendly space emphasizes sustainability, using all-natural, non-toxic materials that are recycled or locally sourced whenever possible. The exterior features sustainable Accoya wood treated with Shou Sugi Ban, a traditional Japanese method that enhances durability and natural fire resistance. Designed as a haven to disconnect from technology and reconnect with nature and oneself, the Retreat was brought to life by local green builders under Anke’s vision. Innovative features like sustainable aero barrier glue, spray-in cellulose insulation, and energy-efficient Mitsubishi mini splits with solar panels minimize energy consumption. Interior wood is reclaimed, naturally treated, or sourced from naturally beetle-killed trees, while the bathrooms, designed by Cecilie Manz for Duravit, elevate the space’s sophistication. The luxury minimilist design draws inspiration from the four elements—earth, air, fire, and water—incorporating organic fabrics, recycled materials, and artisan-made pieces. Highlights include wallpaper made from recycled shoe leather, cork walls, tiles crafted from ocean plastics and handmade mohair throws supporting art therapy for developmentally disabled children. Infused with the warmth of Mexican aesthetics, the space features hammocks, ceramics, rugs, lamps, and coffee makers sourced from artisans in Oaxaca, Ixtapa, Tijuana, and Guadalajara. Twelve Senses exemplifies modern minimalism at its peak, combining luxurious design with sustainable practices. With just four rooms, it showcases how conversions can be both aesthetically stunning and environmentally conscious.

Last Listed By

Thomas Stewart

Real Broker Brokerage Phone: 760-492-8736 License #02028301 Listed on: 12/17/2024

Open House Schedule

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,486

Year Built

  • Built in 2019

Lot Details

  • 9,500 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Corner Lot
  • Level Lot
  • Sprinklers on Timer
  • Garden
  • Back Yard

Parking

  • 4 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,108 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Pool

  • Solar Heated In Ground Pool
  • Pool Heated Passively

Additional Features

  • Exterior Lighting
  • Property is near public transit
  • No Heating

Listing and Financial Details

  • Tax Lot 2582742400
  • Tax Tract Number 2130
  • Assessor Parcel Number 2582742400
  • $835 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $4,025
  • Fuel Expense $100
  • Insurance Expense $13,615
  • Professional Management Expense $100
  • Trash Expense $600
  • Water Sewer Expense $6,000
  • New Taxes Expense $22,119
  • Operating Expense $109,000
  • Gross Income $282,000
  • Net Operating Income $173,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,486

Year Built

Built in 2019

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 4.32
  • Inclusions: Furniture and Fixtures are included in the price.
  • Price Per Unit: 699800
  • Professional Management Expense: 100.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 6000.00
  • Zoning: R-2:MINOR MULTIPLE
  • Property Type: Residential Income
  • Parcel Number: 2582742400
  • Year Built: 2019
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: 257
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Front
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 1659.87

Exterior Features

  • Fence: No
  • Pool Features: Heated Passively, In Ground, Private, Solar Heat
  • Pool Private: Yes
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Sprinklers: Yes
  • Heating: No
  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 600.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Storm Drains, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Garden, Landscaped, Level with Street, Lot 6500-9999, Level, Near Public Transit, Sprinkler System, Sprinklers Timer
  • Lot Size Sq Ft: 9500.00
  • Lot Size Acres: 0.2181

Multi Family

  • Electric Expense: 4025.00
  • Fuel Expense: 100.00
  • Gross Income: 282000.00
  • Gross Scheduled Income: 300000.00
  • Insurance Expense: 13615.00
  • Lot Size Area: 9500.0000 Square Feet
  • Net Operating Income: 173000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 109000.00
  • Rent Control: No
  • Total Expenses: 109000.00

Tax Info

  • New Taxes Expense: 22119.00
  • Tax Lot: 2582742400
  • Tax Tract Number: 002130
  • TaxOtherAnnualAssessmentAmount: 835.40

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,486 $522,616 $141,044 $381,572
2023 $6,165 $512,370 $138,279 $374,091
2022 $6,399 $502,324 $135,568 $366,756
2021 $5,818 $492,475 $132,910 $359,565
2020 $5,773 $487,427 $131,548 $355,879
2019 $3,972 $321,008 $128,969 $192,039
2018 $3,932 $314,715 $126,441 $188,274
2017 $191 $308,545 $123,962 $184,583
2016 $3,989 $302,496 $121,532 $180,964
2015 $3,918 $297,953 $119,707 $178,246
2014 $3,814 $292,118 $117,363 $174,755
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2025 05/26/25 For Sale $3,499,000 -- $1,660 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $233,000 First American Title Ins Co
Grant Deed -- South Coast Title Company
Grant Deed -- --
Grant Deed -- South Coast Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $269,000 New Conventional
Closed $225,000 New Conventional
Closed $195,000 Unknown
Closed $70,000 Credit Line Revolving
Closed $195,000 Unknown
Closed $186,400 No Value Available
Previous Owner $161,000 No Value Available
Closed $11,650 No Value Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2410635

California Regional Multiple Listing Service (CRMLS)

APN: 258-274-24