NOT LISTED FOR SALE
6 Beds
3 Baths
2,175 Sq Ft
0.27 Acre Lot

Sale Details

Date Sold: May 1, 2023

Last sale price $2,850,000 $1,310 Per Sq Ft

6 Days on Market

Highlights

  • No Units Above
  • Wooded Lot
  • Private Yard
  • Paul Ecke-Central Elementary Rated A
  • High Ceiling
  • 4-minute walk to Leucadia State Beach

About This Home

As of May 2023

Extremely unique coastal triplex in the Leucadia enclave of Encinitas just one block to the Pacific Ocean. This very well-maintained single level 3-unit complex west of Coast Highway 101 contains two-bedroom/one-bath units each with a large private patio, two (2) off-street parking spaces per unit, a generous deep lot with large private storage rooms for each unit, a common area yard and laundry facilities. Walking distance to beaches, dining, shops, and more. The lot size is 11,827 square feet with mature, well-designed landscaping throughout. Units are separately metered for gas & electric. Perfect setting to live in one and rent others for additional income, possibly check with city of Encinitas for an additional accessory unit?

Last Agent to Sell the Property

Debbie Dolan

GM Realty License #00541167 Listed on: 02/24/2023

Last Buyer's Agent

Robert Anderson

License #01493608

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 11,827 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls
  • Rural Setting
  • Wood Fence
  • Landscaped
  • Sprinklers on Timer
  • Wooded Lot
  • Private Yard
  • Lawn
  • Back Yard

Home Design

  • Triplex
  • Entry on the 1st floor
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,175 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Laundry in unit

Kitchen

  • Gas and Electric Range
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Outdoor Features

  • Outdoor Storage

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2542420800

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $2,000
  • New Taxes Expense $33,000
  • Operating Expense $35,000
  • Gross Income $150,120
  • Net Operating Income $100,266

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0.27 Acres

Listing Details

  • Assessments: Yes
  • CapRate: 3.34
  • Property Attached: Yes
  • View: No
  • Zoning: R-11
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 2542420800
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), High Ceilings
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 1310.34

Exterior Features

  • Foundation: Concrete Perimeter
  • Other Structures: Storage
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Cable Available, Electricity Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Gas & Electric Range, Microwave, Refrigerator, Water Heater
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Community
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Landscaped, Lawn, Sprinklers Timer, Treed Lot, Yard
  • Lot Size Sq Ft: 11827.00
  • Lot Size Acres: 0.2715

Multi Family

  • Gross Income: 150120.00
  • Gross Scheduled Income: 150120.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 11827.0000 Square Feet
  • Net Operating Income: 100266.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 1
  • Number With Disposal: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 49854.00
  • Rent Control: No
  • Total Expenses: 35000.00

Tax Info

  • New Taxes Expense: 33000.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
05/01/2023 05/01/23 Sold $2,850,000 -5.0% $1,310 / Sq Ft
03/02/2023 03/02/23 Pending -- -- --
02/27/2023 02/27/23 Price Changed $2,999,999 -3.2% $1,379 / Sq Ft
02/24/2023 02/24/23 For Sale $3,100,000 -- $1,425 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2301403

California Regional Multiple Listing Service (CRMLS)
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