$4,200,000
SOLD JUN 3, 2024

211 Neptune Ave Encinitas, CA 92024

6 Beds
5 Baths
-- Sq Ft
1960 Built

Recently Sold

Highlights

  • Ocean Front
  • Corner Lot
  • Property is Fully Fenced
  • Paul Ecke-Central Elementary Rated A
  • Fireplace
  • West of 101 Freeway

About This Home

As of June 2024

Amazing opportunity to own a coastal Triplex on one of the last double corner lots 200 feet from the ocean on one of the most iconic streets in Encinitas. This trophy property sits on a splitable 7,481 sq ft lot and currently consists of a detached 3 bedroom/2 bath home and attached 2 bedroom/2 bath and 1 bedroom/1 bath units that have been beautifully upgraded and obtain top market rents. They all have their own private yards and laundry, which is very rare in this area. In addition, there are numerous opportunities for you to come in and build a brand new home with an ADU that is steps to the ocean, or split the lot and build two new homes with their own ADU’s, or tear down and build an amazing Triplex! Located walking distance to Moonlight Beach, Stone Steps Beach, and Downtown Encinitas, rarely do you find a property like this with an unbeatable location and tremendous development opportunity. Amazing opportunity to own a coastal Triplex on one of the last double corner lots 200 feet from the ocean on one of the most iconic streets in Encinitas. This trophy property sits on a splitable 7,481 sq ft lot and currently consists of a detached 3 bedroom/2 bath home and attached 2 bedroom/2 bath and 1 bedroom/1 bath units that have been beautifully upgraded and obtain top market rents. They all have their own private yards and laundry, which is very rare in this area. In addition, there are numerous opportunities for you to come in and build a brand new home with an ADU that is steps to the ocean, or split the lot and build two new homes with their own ADU’s, or tear down and build an amazing Triplex! Located walking distance to Moonlight Beach, Stone Steps Beach, and Downtown Encinitas, rarely do you find a property like this with an unbeatable location and tremendous development opportunity.

Last Agent to Sell the Property

Tyler Snyder

Snyder Real Estate Group License #01475444 Listed on: 05/02/2024

Co-Listed By

Heather Myers-Snyder

Snyder Real Estate Group License #02210343

Last Buyer's Agent

Tyler Snyder

Snyder Real Estate Group License #01475444 Listed on: 05/02/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 7,481 Sq Ft Lot
  • Ocean Front
  • Property is Fully Fenced
  • Corner Lot
  • Level Lot

Parking

  • Alley Access

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Fireplace

Location

  • West of 101 Freeway
  • West of 5 Freeway

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 256-351-22-00

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Neptune Community

Building Details

  • Net Operating Income $115,399

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal North
  • Cross Street: Roseta
  • Neighborhood: Leucadia
  • Supplement: Amazing opportunity to own a coastal Triplex on one of the last double corner lots 200 feet from the ocean on one of the most iconic streets in Encinitas. This trophy property sits on a splitable 7,481 sq ft lot and currently consists of a detached 3 bedroom/2 bath home and attached 2 bedroom/2 bath and 1 bedroom/1 bath units that have been beautifully upgraded and obtain top market rents. They all have their own private yards and laundry, which is very rare in this area. In addition, there are numerous opportunities for you to come in and build a brand new home with an ADU that is steps to the ocean, or split the lot and build two new homes with their own ADU’s, or tear down and build an amazing Triplex! Located walking distance to Moonlight Beach, Stone Steps Beach, and Downtown Encinitas, rarely do you find a property like this with an unbeatable location and tremendous development opportunity.
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1960
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Full
  • Frontage: Ocean/Bluff
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Fireplace, Wall/Gravity

Condo/Co-op/Association

  • Complex Name: Neptune
  • Community: ENCINITAS

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Corner Lot, Sidewalks, West of I-5, West of 101
  • Topography: Level
  • Assessor Parcel Number: 256-351-22-00
  • Estimated Lot Sq Ft: 7481

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 115399
  • Annual Expense Actual: 61601
  • Gross Rent Multiplier Actual: 24.0
  • Gross Sched Income Actual: 177000
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 3
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Dryers: 3
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

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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
06/03/2024 06/03/24 Sold $4,200,000 0.0% $1,794 / Sq Ft
06/03/2024 06/03/24 Sold $4,200,000 0.0% --
05/03/2024 05/03/24 Pending -- -- --
05/03/2024 05/03/24 Pending -- -- --
05/02/2024 05/02/24 For Sale $4,199,000 0.0% $1,794 / Sq Ft
05/02/2024 05/02/24 For Sale $4,199,000 +90.9% --
10/07/2020 10/07/20 Sold $2,200,000 +0.2% $940 / Sq Ft
08/16/2020 08/16/20 Pending -- -- --
08/09/2020 08/09/20 For Sale $2,195,000 -- $938 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240009645

San Diego MLS

APN: 256-351-22-00