NOT LISTED FOR SALE

134 Hillcrest Dr Encinitas, CA 92024

Leucadia Neighborhood

Estimated Value: $2,198,000 - $2,450,000

4 Beds
2 Baths
1,880 Sq Ft
$1,212/Sq Ft Est. Value

Last Sold December 31, 2024

Last sale price $2,150,000 $1,144 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $12,285/month

63 Days on Market

About This Home

As of December 2024

Discover this exceptional duplex located west of the 5 freeway in the heart of Leucadia. Set on a sprawling 12,492 sq. ft. flat and usable lot, this property offers incredible potential for expansion—add more units or convert the garages into additional living spaces. Each unit features 2 bedrooms, 1 bathroom, and a 1-car garage. Enjoy the ultimate coastal lifestyle with a short walk to the beach and everything Leucadia has to offer. Live in one unit and rent out the other, or maximize your investment with future development.

Last Agent to Sell the Property

Drew Lyon

Harcourts One License #01459368 Listed on: 08/22/2024

Co-Listed By

Michael Borna

Sunshine Realty License #00665250

Last Buyer's Agent

Austin Fisher

1st Class Real Estate SD License #01914646

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 0.29 Acre Lot
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Community Details

  • 2 Units
  • Net Operating Income $36,395

Listing and Financial Details

  • Tenant pays for sewer, trash, water, hot water
  • Assessor Parcel Number 254-061-16-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal North
  • Cross Street: N. Vulcan Ave
  • Neighborhood: Luecadia
  • Stories: 2 Story
  • Sale Price List Price: 0.92
  • Total Stories: 2
  • Year Built: 1973
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition

Condo/Co-op/Association

  • Community: ENCINITAS

Lot Info

  • Lot Size: .25 to .5 AC
  • Zoning: R-2:MINOR
  • Assessor Parcel Number: 254-061-16-00
  • Estimated Lot Sq Ft: 12492
  • Estimated Number of Acres: 0.29
  • Map Code Column: A
  • Map Code Page: 1147
  • Map Code Row: 3

Rental Info

  • Tenant Pays: Sewer, Trash, Water, Hot Water

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 36395
  • Gross Rent Multiplier Actual: 54.0
  • Gross Rent Multiplier Projected: 27.0
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2024
Closed on
Dec 20, 2024
Sold by
Leon Survivors A Trust and Khalili-Borna Yvonne Leon
Bought by
Lyle Micah and Lyle Hayley
Seller's Agent
Drew Lyon
Harcourts One
Buyer's Agent
Austin Fisher
1st Class Real Estate SD
List Price
$2,329,000
Sold Price
$2,150,000
Premium/Discount to List
-$179,000
-7.69%
Views
76
Current Estimated Value
$2,277,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,791
Avg. Annual Appreciation
5.88%
Original Mortgage
$1,720,000
Outstanding Balance
$1,706,447
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$571,344

Purchase Details

Closed on
Feb 11, 2016
Sold by
Leon Manuel L
Bought by
Leon Survivors A Trust

Purchase Details

Closed on
Aug 20, 1997
Sold by
Law Gary H
Bought by
Leon Manuel L and Leon Imogene A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
7.45%

Purchase Details

Closed on
Jun 12, 1989
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lyle Micah $2,150,000 Stewart Title Of California
Lyle Micah $2,150,000 Stewart Title Of California
Leon Survivors A Trust -- None Available
Leon Manuel L $210,000 First American Title
-- $319,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lyle Micah $1,720,000
Closed Lyle Micah $1,720,000
Previous Owner Leon Manuel L $147,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2024 12/31/24 Sold $2,150,000 -7.7% $1,144 / Sq Ft
10/25/2024 10/25/24 Pending -- -- --
08/22/2024 08/22/24 For Sale $2,329,000 -- $1,239 / Sq Ft
Source: San Diego MLS

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 $4,630 $2,150,000 $1,850,000 $300,000
2024 $4,630 $328,724 $187,844 $140,880
2023 $4,427 $322,279 $184,161 $138,118
2022 $4,272 $315,960 $180,550 $135,410
2021 $4,151 $309,765 $177,010 $132,755
2020 $4,040 $306,589 $175,195 $131,394
2019 $3,971 $300,578 $171,760 $128,818
2018 $3,905 $294,686 $168,393 $126,293
2017 $3,846 $288,909 $165,092 $123,817
2016 $3,744 $283,245 $161,855 $121,390
2015 $3,639 $278,991 $159,424 $119,567
2014 $3,524 $273,527 $156,302 $117,225
Source: Public Records

Agents Affiliated with this Home

  • Drew Lyon

    Seller's Agent in 2024

    Drew Lyon

    Harcourts One

    (858) 952-2216

    2 in this area

    44 Total Sales

    Drew Lyon
    Section Image

  • M

    Seller Co-Listing Agent in 2024

    Michael Borna

    Sunshine Realty

    (818) 705-1089

    2 in this area

    4 Total Sales

    Michael Borna
    Section Image
  • Austin Fisher

    Buyer's Agent in 2024

    Austin Fisher

    1st Class Real Estate SD

    (858) 848-1233

    2 in this area

    43 Total Sales

    Austin Fisher
    Section Image
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Map

Source: San Diego MLS

MLS Number: 240019839

San Diego MLS

APN: 254-061-16

California San Diego County Encinitas 92024 Leucadia

134 Hillcrest Dr, Encinitas, CA

Not Listed for Sale

MultiFamily

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