NOT LISTED FOR SALE
2 Beds
2 Baths
6,092 Sq Ft
-- Built

Sale Details

Date Sold: May 10, 2024

Last sale price $4,460,000 $732 Per Sq Ft

15 Days on Market

About This Home

As of May 2024

One-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

Josh Browar

The Browar Group License #01824454 Listed on: 03/28/2024

Last Buyer's Agent

Daren Preece

Compass License #02045030

Compass
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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

Property Details

Home Type

Multi-Family

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Property Sub Type: Com-Res Income
  • CapRate: 3.9
  • Co List Office Mls Id: 7927
  • Living Area: 6092.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-07-01T07:52:15Z
  • FullAddress: 1405 N Vulcan Ave
  • NumofLeasedApartments: 6
  • SDMLS_NumofADUUnits: 6.0
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 2

Garage/Parking

  • Total Parking Spaces: 6.0

Multi Family

  • Number Of Buildings: 2
  • Number Of Units Total: 6
  • Annual Operating Expense: 88401.0

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
Babbush Renee Valverde -- Corinthian Title Company
Ostad Family Trust $4,450,000 Corinthian Title Company
Mark And Rita Benson Trust -- None Listed On Document
Benson Family Trust -- None Listed On Document
Benson Mark David -- None Listed On Document
Babbush Family Trust -- None Listed On Document
Benson James M $835,000 Stewart Title Company
North Vulcan Llc $523,500 Stewart Title
Azar Edward P -- --
-- $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 North Vulcan Llc $600,000
Previous Owner Azar Edward R $395,000
Previous Owner Azar Edward P $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
2026 $52,628 $4,629,780 $3,121,200 $1,508,580
2025 $52,628 $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

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Map

Source: San Diego MLS

MLS Number: 240006568

San Diego MLS

APN: 254-254-15-00

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