Seller's Agent in 2024
Josh Browar
The Browar Group
(858) 414-4398
1 in this area
57 Total Sales
1405 N Vulcan Ave Encinitas, CA 92024
Leucadia Neighborhood
2
Beds
2
Baths
6,092
Sq Ft
--
Built
About This Home
As of May 2024One-of-a-kind North County Coastal apartment investment opportunity with over $400,000 spent in recent renovations (in 2023). Nestled in the coveted neighborhood of Leucadia in the north county coastal area of San Diego County. Presenting 1405 N Vulcan Avenue, a meticulously crafted property boasting six fully renovated townhomes, each offering two bedrooms and two bathrooms with exterior private back patios. Each unit also includes an individual garage and one off-street parking space. Situated on an expansive lot exceeding 13,000 square feet, this property embodies both luxury and potential. The strategic location of 1405 N Vulcan Avenue adds to its allure. A mere stone's throw away from the beach, residents can enjoy the quintessential coastal lifestyle with ease. Moreover, the property is within walking distance to a plethora of shopping outlets, restaurants, nightlife venues, and recreational activities, ensuring that tenants have everything they need right at their doorstep. The property's rental income is robust, yet there remains significant upside potential for further growth. Additionally, prospective owners can explore the possibility of additional dwelling unit (ADU) conversions, as evidenced by a feasibility study conducted by current ownership. In summary, 1405 N Vulcan Avenue presents a rare opportunity to acquire a meticulously upgraded asset in an enviable coastal location. With its strong unit mix, large floorplans, and development potential, this property is poised to deliver both immediate returns and long-term value appreciation.
Last Agent to Sell the Property
The Browar Group License #01824454 Listed on: 03/28/2024
Property Details
Home Type
- Multi-Family
Parking
- 6 Parking Spaces
Home Design
Interior Spaces
- 2 Bedrooms
- 6,092 Sq Ft Home
- 2-Story Property
Additional Homes
- Number of ADU Units: 6
Community Details
Overview
- 2 Buildings
- 6 Units
Building Details
- 6 Leased Units
- Operating Expense $88,401
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
Mar 28, 2024
Closed on
May 7, 2024
Sold by
Bought by
Seller's Agent
Josh Browar
The Browar Group
Buyer's Agent
Daren Preece
Compass
List Price
$4,750,000
Sold Price
$4,460,000
Premium/Discount to List
-$290,000
-6.11%
Purchase Details
Closed on
Nov 13, 2023
Sold by
Bought by
Purchase Details
Closed on
Nov 8, 2023
Sold by
Bought by
Purchase Details
Closed on
Aug 22, 2000
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
$332,350
Interest Rate
0.0796%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 18, 2000
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
$600,000
Interest Rate
0.0826%
Mortgage Type
Commercial
Purchase Details
Closed on
May 23, 1995
Sold by
Bought by
Purchase Details
Closed on
Mar 14, 1989
Purchase Details
Closed on
Dec 16, 1986
Purchase Details
Closed on
Jul 3, 1984
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| -- | Corinthian Title Company | ||
| -- | Corinthian Title Company | ||
| $4,450,000 | Corinthian Title Company | ||
| -- | None Listed On Document | ||
| -- | None Listed On Document | ||
| -- | None Listed On Document | ||
| -- | None Listed On Document | ||
| $835,000 | Stewart Title Company | ||
| $523,500 | Stewart Title | ||
| -- | -- | ||
| $530,000 | -- | ||
| $465,000 | -- | ||
| $411,400 | -- |
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 | $332,350 | ||
| Previous Owner | $600,000 | ||
| Previous Owner | $395,000 | ||
| Previous Owner | $300,000 |
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 |
|---|---|---|---|---|
| 05/10/2024 05/10/24 | Sold | $4,460,000 | -6.1% | $732 / Sq Ft |
| 04/13/2024 04/13/24 | Pending | -- | -- | -- |
| 03/28/2024 03/28/24 | For Sale | $4,750,000 | -- | $780 / Sq Ft |
Source: San Diego MLS
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 |
|---|---|---|---|---|
| 2025 | $42,217 | $4,539,000 | $3,060,000 | $1,479,000 |
| 2024 | $42,217 | $3,666,000 | $2,754,000 | $912,000 |
| 2023 | $37,866 | $1,185,631 | $475,670 | $709,961 |
| 2022 | $15,303 | $1,185,631 | $475,670 | $709,961 |
| 2021 | $14,909 | $1,162,385 | $466,344 | $696,041 |
| 2020 | $14,545 | $1,150,467 | $461,563 | $688,904 |
| 2019 | $14,287 | $1,127,910 | $452,513 | $675,397 |
| 2018 | $14,042 | $1,105,795 | $443,641 | $662,154 |
| 2017 | $13,823 | $1,084,114 | $434,943 | $649,171 |
| 2016 | $13,443 | $1,062,858 | $426,415 | $636,443 |
| 2015 | $13,096 | $1,046,894 | $420,010 | $626,884 |
| 2014 | $12,710 | $1,026,388 | $411,783 | $614,605 |
Source: Public Records
Agents Affiliated with this Home
-
Josh Browar
-
Daren Preece
Buyer's Agent in 2024
Daren Preece
Compass
(858) 752-2737
1 in this area
36 Total Sales
Map
Source: San Diego MLS
MLS Number: 240006568
APN: 254-254-15-00
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