$3,150,000
$145K PRICE DROP

1027-33 3rd St Encinitas, CA 92024

Central Encinitas Neighborhood

Estimated payment $20,598/month

Total Views 8,201
8 Beds
4 Baths
2,600 Sq Ft
$1,212 Price per Sq Ft

Highlights

  • Senior Community
  • No HOA
  • Bike Trail
  • Bluff View
  • Laundry Room
  • 1-minute walk to J Street Viewpoint

About This Home

FOUR UNITS! Each has two bedrooms, one bath, and in unit laundry. Located one block from the Pacific Ocean and west of the 101, these recently upgraded units are highly sought after with incredible rental demand. Walkability is off the charts; a few short blocks from world famous Swami's Surf Beach, Moonlight Beach, restaraunts, train station, and shops. In addition to street parking, there are three reserved parking spaces and an approximately 400 sqft garage. Consultants have indicated a possibility to add an ADU on top of garage making the property 5 units total.

Listing Agent

Shawn Bengtson

Shoreline Properties Brokerage Email: shawn@shorelinesd.com License #01236964 Listed on: 06/03/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 4,862 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 3 Open Parking Spaces
  • 1 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 2,600 Sq Ft Home
  • 2-Story Property
  • Bluff Views

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 148
  • Assessor Parcel Number 2582930400
  • $985 per year additional tax assessments

Community Details

Overview

  • Senior Community
  • No Home Owners Association
  • 2 Units

Recreation

  • Water Sports
  • Bike Trail

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,500
  • Insurance Expense $3,000
  • Maintenance Expense $4,000
  • Trash Expense $2,000
  • Water Sewer Expense $800
  • New Taxes Expense $35,000
  • Operating Expense $46,500
  • Gross Income $166,800
  • Net Operating Income $122,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 3.72
  • Price Per Unit: 1575000
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 800.00
  • Zoning: R-4:MULTIPLE RESIDENTIAL
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 2582930400
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 1211.54

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Inside, Stackable
  • Sewer: Public Sewer
  • Trash Expense: 2000.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: Yes
  • Community Features: Sidewalks, Biking, Watersports

Lot Info

  • Land Lease: No
  • Lot Features: Bluff
  • Lot Size Sq Ft: 4862.00
  • Lot Size Acres: 0.1116

Multi Family

  • Average2 Bed Area: 650
  • Gross Income: 166800.00
  • Gross Scheduled Income: 166800.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 4862.0000 Square Feet
  • Maintenance Expense: 4000.00
  • Net Operating Income: 122800.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 2
  • Operating Expense: 44000.00
  • Rent Control: No
  • Total Actual Rent: 13900.00
  • Total Expenses: 46500.00

Tax Info

  • New Taxes Expense: 35000.00
  • Tax Lot: 13
  • Tax Tract Number: 000148
  • TaxOtherAnnualAssessmentAmount: 985.14

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2025 06/26/25 Price Changed $3,150,000 -4.4% $1,212 / Sq Ft
05/20/2025 05/20/25 For Sale $3,295,000 -- $1,267 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Similar Homes in Encinitas, CA

  • 1027-33 3rd St, Encinitas, CA 92024

    $3,150,000

    • 8 Beds
    • 4 Baths
    • 2,600 Sq Ft
    • 1027-33 3rd St
    • Encinitas, CA

    FOUR UNITS! Each has two bedrooms, one bath, and in unit laundry. Located one block from the Pacific Ocean and west of the 101, these recently upgraded units are highly sought after with incredible rental demand. Walkability is off the charts; a few short blocks from world famous Swami's Surf Beach, Moonlight Beach, restaraunts, train station, and shops. In addition to street parking, there

    Shawn Bengtson Shoreline Properties

    Section Image
  • 1004 Nardo Rd, Encinitas, CA 92024

    $3,299,000

    • 6 Beds
    • 5 Baths
    • 2,108 Sq Ft
    • 1004 Nardo Rd
    • Encinitas, CA

    This listing coincides with MLS NDP2410635 Residential Income Property. Huge price improvement, get it before it's gone!! 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

    Thomas Stewart Real Broker

    Section Image
  • 2453-55 Newcastle Ave, Encinitas, CA 92007

    $2,895,000

    • 6 Beds
    • 6 Baths
    • 2,714 Sq Ft
    • 2453-55 Newcastle Ave
    • Encinitas, CA

    Cardiff Duplex, an investor's dream! This beautiful duplex contains two side-by-side 3 bedroom 2 and a half bath units. Each unit has a private front deck with peekaboo ocean views as well as single car garages and multiple reserved parking spaces. The interiors were remodeled in 2020 with modern finishes and elegant style. Nestled on a 5,000 square foot lot in the heart of Cardiff's walking

    Shawn Bengtson Shoreline Properties

    Section Image
See All Homes in Encinitas

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2505428

California Regional Multiple Listing Service (CRMLS)

California San Diego County Encinitas 92024 Central Encinitas

1027-33 3rd St, Encinitas, CA

This home is located at 1027-33 3rd St, Encinitas, CA 92024 and is currently priced at $3,150,000, approximately $1,211 per square foot. This property was built in 1959. 1027-33 3rd St is a home located in San Diego County with nearby schools including Paul Ecke-Central Elementary, Diegueno Middle School, and La Costa Canyon High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes
Shawn Bengtson
Listing Agent
Shawn Bengtson
Section Image
Shoreline Properties
(442) 246-5019