$2,995,000
SOLD MAY 23, 2022

1827 N Vulcan Ave Encinitas, CA 92024

8 Beds
7 Baths
3,450 Sq Ft
1971 Built

Recently Sold

$868 Per Sq Ft

32 Days on Market

About This Home

As of May 2022

1827 N Vulcan Ave is a 4 unit investment property that is located in Coastal Encinitas. The property consists of 2 x 2 bed/2 bath units, 1 x 2 bed/1 bath unit, and 1 x 2 bed/1.5 bath unit. 3 units have in unit laundry and have been fully remodeled with modern finishes. The rent growth in Encinitas in the past couple of years has been This property is located in area that rarely trades and is walking distance from the beach. This turnkey property has a great operating history and will be an asset that is extremely easy to manage and operate for a future owner.

Last Agent to Sell the Property

Jason Lee

Nara Advisors, Inc. License #02068011 Listed on: 01/12/2022

Last Buyer's Agent

Jason Lee

Nara Advisors, Inc. License #02068011 Listed on: 01/12/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • 1971

Home Design

  • Concrete Roof

Additional Features

  • 2-Story Property
  • Partially Fenced Property
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 254-071-13-00

Community Details

Overview

  • 4 Units
  • Grandview Surf Beach Community

Building Details

  • Net Operating Income $87,053

Property Details

Home Type

Multi-Family

Year Built

1971

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Coastal North
  • Cross Street: Ashbury
  • Neighborhood: Leucadia
  • Stories: 2 Story
  • Sale Price List Price: 1.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1971

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Partial
  • Roof: Concrete

Utilities

  • Cooling: Wall/Window

Condo/Co-op/Association

  • Complex Name: Grandview Surf Beach
  • Community: LEUCADIA

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 254-071-13-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 87053
  • Annual Expense Actual: 50124
  • Gross Rent Multiplier Actual: 21.0
  • Gross Rent Multiplier Projected: 17.0
  • Gross Sched Income Actual: 141420
  • Gross Sched Income Projected: 172800
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 4
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Dryers: 4
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 4

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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
05/23/2022 05/23/22 Sold $2,995,000 0.0% $868 / Sq Ft
02/14/2022 02/14/22 Pending -- -- --
02/10/2022 02/10/22 For Sale $2,995,000 0.0% $868 / Sq Ft
02/02/2022 02/02/22 Pending -- -- --
02/01/2022 02/01/22 For Sale $2,995,000 0.0% $868 / Sq Ft
01/24/2022 01/24/22 Pending -- -- --
01/12/2022 01/12/22 For Sale $2,995,000 +242.3% $868 / Sq Ft
05/31/2013 05/31/13 Sold $875,000 0.0% $278 / Sq Ft
03/25/2013 03/25/13 Pending -- -- --
03/05/2013 03/05/13 For Sale $875,000 -- $278 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jason Lee

    Seller's Agent in 2022

    Jason Lee

    Nara Advisors, Inc.

    (858) 336-9688

    1 in this area

    121 Total Sales

    Jason Lee
    Section Image
  • Cody Evans

    Seller's Agent in 2013

    Cody Evans

    South Coast Commercial, Inc.

    (858) 729-3094

    29 Total Sales

    Cody Evans
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 220000596

San Diego MLS

APN: 254-071-13-00

California San Diego County Encinitas 92024

1827 N Vulcan Ave, Encinitas, CA

This home is located at 1827 N Vulcan Ave, Encinitas, CA 92024 and is currently priced at $2,995,000, approximately $868 per square foot. This property was built in 1971. 1827 N Vulcan Ave is a home located in San Diego County with nearby schools including Capri Elementary School, Diegueno Middle School, and La Costa Canyon High School.

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