NOT LISTED FOR SALE
8 Beds
4 Baths
2,600 Sq Ft
5,227 Sq Ft Lot

Last Sold December 11, 2020

Last sale price $2,000,000 $769 Per Sq Ft

81 Days on Market

Highlights

  • No HOA
  • Wall Furnace
  • 1-minute walk to J Street Viewpoint
  • Paul Ecke-Central Elementary Rated A

About This Home

As of December 2020

LOCATION, LOCATION, LOCATION. This is a rare opportunity to find a 4 plex in this neighborhood. It is ideally located midway between the beautiful beach and the vibrant Encinitas shops on Coast Highway. Near Moonlight Beach, Swami's beach which is internationally known for its surfing, and a host of shopping and other ammenities. Good upside potential as rents are below market for this location.

All are 2 bedrooms, 1 bath at $2200, $2200, $1950 and $1820.

All leases are month to month. Additionally, the garage is currently rented out on a month to month basis for $275 per month.
All united have separetly metered Electric and Gas.
The actuall individual addresses are 1027, 1029, 1031 and 1033 3rd Street, Encinitas

Last Agent to Sell the Property

Dennis Fevergeon

Barrington Realty Inc. License #00920372 Listed on: 08/21/2020

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 5,227 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Open Parking Spaces
  • 1 Car Garage

Home Design

  • Apartment

Interior Spaces

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

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 13 / 15
  • Tax Tract Number 148
  • Assessor Parcel Number 2582930400

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Recreation

  • Water Sports

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $1,175
  • Trash Expense $840
  • Water Sewer Expense $1,815
  • Gross Income $3,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1815.00
  • Zoning: R4
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 2582930400
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 769.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: No
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 840.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Watersports

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5227.00
  • Lot Size Acres: 0.1200

Rental Info

  • Garage Rental Rate: 275.00

Multi Family

  • Average2 Bed Area: 650 Square Feet
  • Garage Income: 275.00
  • Gross Income: 3300.00
  • Gross Scheduled Income: 101340.00
  • Insurance Expense: 1175.00
  • Lot Size Area: 5227.0000 Square Feet
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Rent Control: Yes
  • Total Actual Rent: 95160.00

Tax Info

  • Tax Block: 15
  • Tax Census Tract: 175.01
  • Tax Lot: 13
  • Tax Tract Number: 148
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/11/2020 12/11/20 Sold $2,000,000 -13.0% $769 / Sq Ft
10/20/2020 10/20/20 Price Changed $2,299,000 -4.2% $884 / Sq Ft
10/06/2020 10/06/20 Price Changed $2,399,000 -4.0% $923 / Sq Ft
09/18/2020 09/18/20 Price Changed $2,499,000 -3.0% $961 / Sq Ft
08/21/2020 08/21/20 For Sale $2,575,000 -- $990 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2025 $23,438 $2,164,862 $1,948,377 $216,485
2024 $23,438 $2,122,415 $1,910,174 $212,241
2023 $22,854 $2,080,800 $1,872,720 $208,080
2022 $22,304 $2,040,000 $1,836,000 $204,000
2021 $22,112 $2,000,000 $1,800,000 $200,000
2020 $5,818 $455,684 $303,793 $151,891
2019 $5,715 $446,750 $297,837 $148,913
2018 $5,639 $437,992 $291,998 $145,994
2017 $5,566 $429,405 $286,273 $143,132
2016 $5,375 $420,986 $280,660 $140,326
2015 $5,282 $414,664 $276,445 $138,219
2014 $5,183 $406,542 $271,030 $135,512
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20171645

California Regional Multiple Listing Service (CRMLS)

APN: 258-293-04-00