NOT LISTED FOR SALE
5 Beds
4 Baths
3,250 Sq Ft
0.39 Acre Lot

Sale Details

Date Sold: October 10, 2019

Last sale price $1,515,000 $466 Per Sq Ft

5 Days on Market

Highlights

  • Ocean View
  • 0.4 Acre Lot
  • 1-Story Property
  • Ocean Knoll Elementary School Rated A
  • Forced Air Heating System

About This Home

As of October 2019

Amazing opportunity to own 3 single level units on a huge lot with an incredible ocean view in a prime area of Encinitas just minutes from the beach. Can be owner occupied with additional units rented out to help pay the mortgage or rent all 3 for income. 3 bed/ 2bath 1650 sq.ft main house with sit down ocean view from living/dining room and bedrooms plus a 2bed/1 bath home and a studio apt. Property has been well maintained. Close to schools, shopping, restaurants, etc. Don't disturb the tenants. Great tenants are on month to month and would love to stay. Landlord pays for water and trash. Drive by and check out the ocean view from the front of the property but please don't disturb the tenants. The pictures don't do this ocean view justice. Driveway is shared by two properties behind via an ingress and egress easement over subject property. Owners have never lived in the property. All listing information is believed to be correct however buyer and buyer's agent must verify information prior to close of escrow. Property is offered on an "as-is" basis. Studio to be shown with accepted offer only. Listing Broker has an interest in the property. Neighborhoods: Old Encinitas Exterior: Wood/Stucco Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 1059 Unit # for Unit 2: 1059.5 Unit # for Unit 3: 1061 Number of Furnished Units: 0 Topography: GSL

Last Agent to Sell the Property

Larry Baker

Larry Baker, Broker License #00619745 Listed on: 09/23/2019

Last Buyer's Agent

Myrna Handley

Tri-City Real Estate License #00964761

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 16,962 Sq Ft Lot
  • Sprinkler System

Property Views

  • Ocean
  • Panoramic

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Forced Air Heating System
  • Combination Of Heating Systems
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, grounds care, gas
  • Assessor Parcel Number 2592704700

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Net Operating Income $59,288

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0.39 Acres

Listing Details

  • CapRate: 4.00
  • Subdivision Name Other: Encinitas
  • View: Yes
  • Zoning: R-5
  • Property Type: Residential Income
  • Parcel Number: 2592704700
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Appliances: Yes
  • Levels: One

Exterior Features

  • View: Ocean, Panoramic
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Utilities

  • Heating: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas, Combination, Forced Air

Lot Info

  • Lot Features: Sprinkler System
  • Lot Size Sq Ft: 16962.00
  • Lot Size Acres: 0.4000

Rental Info

  • Tenant Pays: Cable TV, Electricity, Grounds Care, Gas

Multi Family

  • Gross Scheduled Income: 72600.00
  • Lot Size Area: 16962.0000 Square Feet
  • Net Operating Income: 59288.00
  • Number Of Units Total: 3
  • Number With Dishwasher: 2
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 3

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2019
Closed on
Oct 1, 2019
Sold by
Bought by
Seller's Agent
Larry Baker
Larry Baker, Broker
Buyer's Agent
Myrna Handley
Tri-City Real Estate
List Price
$1,495,000
Sold Price
$1,515,000
Premium/Discount to List
$20,000
1.34%

Purchase Details

Closed on
Jul 12, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 5, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 16, 2010
Sold by
Bought by

Purchase Details

Closed on
Jun 9, 2010
Sold by
Bought by

Purchase Details

Closed on
May 6, 2003
Sold by
Bought by

Purchase Details

Closed on
Jul 17, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$494,400
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 7, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$494,400
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
May 19, 1983
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,515,000 First American Title
-- Wfg Title Insurance Company
-- Wfg Title Insurance Company
-- Wfg Title Insurance Company
-- Accommodation
-- None Available
$550,000 First American Title Company
-- First American Title Company
-- --
-- New Century Title Company
$618,000 New Century Title Company
$182,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $400,000
Previous Owner $900,000
Previous Owner $200,000
Previous Owner $494,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/10/2019 10/10/19 Sold $1,515,000 +1.3% $466 / Sq Ft
09/28/2019 09/28/19 Pending -- -- --
09/23/2019 09/23/19 For Sale $1,495,000 -- $460 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $18,895 $1,690,006 $1,561,724 $128,282
2025 $18,170 $1,656,869 $1,531,102 $125,767
2024 $18,170 $1,624,382 $1,501,081 $123,301
2023 $17,719 $1,592,533 $1,471,649 $120,884
2022 $17,307 $1,561,308 $1,442,794 $118,514
2021 $17,273 $1,530,695 $1,414,504 $116,191
2020 $17,103 $1,515,000 $1,400,000 $115,000
2019 $7,784 $636,423 $486,000 $150,423
2018 $7,725 $623,945 $476,471 $147,474
2017 $7,631 $611,712 $467,129 $144,583
2016 $7,508 $599,719 $457,970 $141,749
2015 $7,417 $590,711 $451,091 $139,620
2014 $7,450 $579,141 $442,255 $136,886
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 190052546

California Regional Multiple Listing Service (CRMLS)
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