$2,500,000
SOLD SEP 9, 2024

1076-82 Gardena Rd Encinitas, CA 92024

Central Encinitas Neighborhood
8 Beds
4 Baths
3,264 Sq Ft
1965 Built

Recently Sold

$766 Per Sq Ft

17% Below List Price

36 Days on Market

About This Home

As of September 2024

This Coastal North County 4-Unit Property has it all! Offering large units, ocean views, 20% upside in rent, four (4) garages, extra off-street parking (8 spots), private yards/patios, and potential for three (3) ADU’s; this property allows an investor the opportunity to utilize attractive residential financing and add value in one of San Diego’s most sought after coastal markets. The property consists of four (4) 2Bedroom / 1Bathroom Units averaging 816sf on a large 12,353sf lot. Located off I-5 and Santa Fe Dr, tenants are walking distance to San Dieguito High School and just down the street from the Self-Realization Fellowship Gardens. This well-maintained and pride of ownership asset is truly a one of a kind opportunity for the coastal value-add investor.

Last Agent to Sell the Property

Angelo La Bruna

Apartment Realty Group (ARG) License #01991625 Listed on: 07/17/2024

Last Buyer's Agent

Angelo La Bruna

Apartment Realty Group (ARG) License #01991625 Listed on: 07/17/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Home Design

  • Rolled or Hot Mop Roof

Interior Spaces

  • 2-Story Property

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 258-272-21-00

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Net Operating Income $80,843

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal North
  • Cross Street: Gardena Rd & Santa Fe Dr
  • Neighborhood: Encinitas
  • LP / Sq Ft: 27.77
  • Stories: 2 Story
  • Sale Price List Price: 0.83
  • Total Stories: 2
  • Year Built: 1965
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Roof: Rolled/Hot Mop

Condo/Co-op/Association

  • Community: ENCINITAS

Lot Info

  • Lot Size: .25 to .5 AC
  • Zoning: R11
  • Assessor Parcel Number: 258-272-21-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 80843
  • Annual Expense Actual: 25262
  • Annual Expense Projected: 59457
  • Gross Rent Multiplier Actual: 20.88
  • Gross Rent Multiplier Projected: 17.36
  • Gross Sched Income Actual: 140280
  • Gross Sched Income Projected: 169200
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Dryers: 4
  • Number Of Units With Garage: 4
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 4
  • Other Income Actual: 3127
  • Other Income Projected: 3300.0

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Range of Values:

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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 Change Sq Ft Price
09/09/2024 09/09/24 Sold $2,500,000 -16.5% $766 / Sq Ft
07/17/2024 07/17/24 For Sale $2,995,000 -- $918 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Angelo La Bruna

    Seller's Agent in 2024

    Angelo La Bruna

    Apartment Realty Group (ARG)

    (858) 837-1456

    1 in this area

    55 Total Sales

    Angelo La Bruna
    Section Image
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Map

Source: San Diego MLS

MLS Number: 240016480

San Diego MLS

California San Diego County Encinitas 92024 Central Encinitas

1076-82 Gardena Rd, Encinitas, CA

This home is located at 1076-82 Gardena Rd, Encinitas, CA 92024 and is currently priced at $2,500,000, approximately $765 per square foot. This property was built in 1965. 1076-82 Gardena 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.

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