NOT LISTED FOR SALE

1070 Arcadia Rd Encinitas, CA 92024

Central Encinitas Neighborhood

Estimated Value: $1,793,000 - $2,363,000

5 Beds
3 Baths
2,641 Sq Ft
$800/Sq Ft Est. Value

Last Sold December 19, 2016

Last sale price $1,090,000 $413 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $12,371/month

3 Days on Market

Highlights

  • Ocean View
  • Ocean Knoll Elementary School Rated A
  • Heating Available

About This Home

As of December 2016

Fantastic investment opportunity in the high-demand rental market of coastal Encinitas. Front unit offers 2 beds/1 bath. Back unit features 3 beds/2 baths & peek ocean view from master suite balcony. Each unit has 1 car garage that separates units - no shared walls! Extra parking. Poised for full renovation. Ready to remodel for investment property, or build your dream home! Large 1/5 acre lot on west side of Arcadia in Avocado Acres. Walk to schools, parks. Short drive to downtown Encinitas, beaches. Opportunity awaits: owner occupy, buy with a partner, or do long- or short-term rentals for awesome cashflow! Each unit has its own one-car garage with washer/dryer hook-ups, and its own fenced yard. The garages separate the units, so no shared walls - feels like detached! The large driveway offers ample parking, plus one space at street level. New fencing. Water on one shared meter. Electric/gas on individual unit meters. Tenants pay all utilities including water & trash. LOCATION, LOCATION, LOCATION! Only ½ mile to Scripps Encinitas. Easy access to I-5. Bike 1 mile to Swami’s, or drive 5 minutes to the 101 and downtown Encinitas: beaches, restaurants, farmers markets, yoga studios, boutiques. Short walk to Ocean Knoll Elementary, San Dieguito Academy, Encinitas Community Park, and Ada Harris Park. Served by highly-rated Encinitas Union and San Dieguito Union School Districts. See attached Zoning Report. Neighborhoods: Encinitas Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 1070 Unit # for Unit 2: 1072 Number of Furnished Units: 0 Topography: LL

Last Agent to Sell the Property

Mylene Merlo

Mylene Merlo, Broker License #01916600 Listed on: 11/03/2016

Last Buyer's Agent

Marsha Mahan

Waligora & Company License #01479399

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,111

Year Built

  • Built in 1962

Lot Details

  • 9,257 Sq Ft Lot
  • Lot Dimensions are 64 x 145

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Ocean Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Heating Available
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for trash collection, water, cable TV, electricity, gas
  • Assessor Parcel Number 2582732900

Community Details

Overview

  • 2 Units
  • Avocado Acres

Building Details

  • Net Operating Income $26,918

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,111

Year Built

Built in 1962

Lot Details

0

Listing Details

  • CapRate: 2.40
  • Park Name: Avocado Acres
  • Subdivision Name Other: Encinitas
  • View: Yes
  • Zoning: R-2:MINOR
  • Property Type: Residential Income
  • Parcel Number: 2582732900
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Appliances: Yes
  • Levels: Two

Exterior Features

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

Utilities

  • Heating: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Electric

Lot Info

  • Lot Size: 64 x 145
  • Lot Size Sq Ft: 9257.00
  • Lot Size Acres: 0.2100

Rental Info

  • Tenant Pays: Trash Collection, Water, Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 41520.00
  • Lot Size Area: 9257.0000 Square Feet
  • Net Operating Income: 26918.00
  • Number Of Units Total: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Number With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 7, 2020
Sold by
Klausenstock Daniel and Klausenstock Susanne Marlena
Bought by
Klausenstock Daniel and Klausenstock Susanne Marlena
Current Estimated Value
$2,111,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$503,000
Outstanding Balance
$448,999
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,523,630

Purchase Details

Closed on
Feb 5, 2019
Sold by
Klausenstock Daniel and Klausenstock Susanne
Bought by
Klausenstock Daniel and Klausenstock Susanne Marlena

Purchase Details

Listed on
Nov 3, 2016
Closed on
Nov 10, 2016
Sold by
Martin Carl Scott
Bought by
Klausenstock Daniel and Klausenstock Susanne
Seller's Agent
Mylene Merlo
Mylene Merlo, Broker
Buyer's Agent
Marsha Mahan
Waligora & Company
List Price
$1,090,000
Sold Price
$1,090,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.99%
Original Mortgage
$743,450
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2003
Sold by
Martin Carl Scott
Bought by
Martin Carl Scott

Purchase Details

Closed on
Jun 26, 2003
Sold by
Martin Carl Scott
Bought by
Martin Carl S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
5.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 11, 2001
Sold by
Haak Michael and Haak Kelley
Bought by
Martin Carl Scott

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
7.37%

Purchase Details

Closed on
Jul 23, 1993
Sold by
Bachman Albert Howard and Bachman Agnes Blayney
Bought by
Haak Michael and Haak Kelley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,500
Interest Rate
7.13%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Klausenstock Daniel -- Fidelity Natl Ttl San Diego
Klausenstock Daniel -- None Available
Klausenstock Daniel $1,090,000 First American Title Company
Martin Carl Scott -- --
Martin Carl S -- Stewart Title
Martin Carl Scott $546,000 First American Title
Haak Michael $255,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Klausenstock Daniel $503,000
Closed Klausenstock Daniel $743,450
Previous Owner Martin Carl S $408,000
Previous Owner Martin Carl Scott $400,000
Previous Owner Haak Michael $229,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2016 12/19/16 Sold $1,090,000 0.0% $413 / Sq Ft
11/06/2016 11/06/16 Pending -- -- --
11/03/2016 11/03/16 For Sale $1,090,000 -- $413 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

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
2025 $14,111 $1,265,034 $928,467 $336,567
2024 $14,111 $1,240,230 $910,262 $329,968
2023 $13,741 $1,215,913 $892,414 $323,499
2022 $13,704 $1,192,072 $874,916 $317,156
2021 $13,248 $1,168,699 $857,761 $310,938
2020 $13,158 $1,156,716 $848,966 $307,750
2019 $12,902 $1,134,036 $832,320 $301,716
2018 $12,672 $1,111,800 $816,000 $295,800
2017 $12,513 $1,090,000 $800,000 $290,000
2016 $8,015 $680,862 $400,667 $280,195
2015 $7,879 $670,636 $394,649 $275,987
2014 $7,717 $657,500 $386,919 $270,581
Source: Public Records

Agents Affiliated with this Home

  • Mylene Merlo

    Seller's Agent in 2016

    Mylene Merlo

    Mylene Merlo, Broker

    (760) 637-7231

    29 Total Sales

    Mylene Merlo
    Section Image

  • M

    Buyer's Agent in 2016

    Marsha Mahan

    Waligora & Company

  • Mark Henning

    Buyer's Agent in 2016

    Mark Henning

    HomeSmart Realty West

    (760) 908-6720

    1 in this area

    2 Total Sales

    Mark Henning
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 160059436

California Regional Multiple Listing Service (CRMLS)

APN: 258-273-29

California San Diego County Encinitas 92024 Central Encinitas

1070 Arcadia Rd, Encinitas, CA

This home is located at 1070 Arcadia Rd, Encinitas, CA 92024 since 03 November 2016 and is currently estimated at $2,111,583, approximately $799 per square foot. This property was built in 1962. 1070 Arcadia Rd is a home located in San Diego County with nearby schools including Ocean Knoll Elementary School, Oak Crest 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

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