$969,000
SOLD FEB 7, 2012

271 Hillcrest Dr Encinitas, CA 92024

6 Beds
4 Baths
1,500 Sq Ft
2.2 Acres

Recently Sold

$646 Per Sq Ft

88,071% Above List Price

106 Days on Market

Highlights

  • 2.2 Acre Lot
  • Views
  • Heating System Uses Natural Gas
  • Capri Elementary School Rated A
  • Gentle Sloping Lot

About This Home

As of February 2012

HUGE PRICE REDUCTION!!! VERY MOTIVATED! Unique property. This DUPLEX is West of 5 in Great neighborhood that gets better every day! "A" & "AA" are currently vacation rentals with an established income! Boosts satillo tile and 20' ceilings."A" can be 1 unit or 2 units. "B" is currently owner occupied. "B" boosts new kit & baths and new windows & doors. Both units have total privacy,many skylights,grass yards,parking & laundry. Both are in GREAT condition. Roof is 4 years old. [Supplement]: Sunset Views! Income provided is for monthly rental. As a vacation rental, the income is a little higher! Vacation rental currently managed by Nancy's vacation rentals and has great income. Prices have been kept lower than neighborhood comps to establish a good rental base! Elementary school is Capri!!! MOTIVATED SELLER!!! BTVAB4COE.

Last Agent to Sell the Property

Hedy Goldman

San Diego Homes and Estates License #01308147 Listed on: 09/24/2011

Last Buyer's Agent

Carol Witkin

Witkin Real Estate License #01848799

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 2.2 Acre Lot
  • Gentle Sloping Lot
  • Sprinklers on Timer

Home Design

  • Rolled or Hot Mop Roof
  • Stucco

Interior Spaces

  • 2-Story Property
  • Property Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • Parking Available
  • Uncovered Parking
  • Assigned Parking

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2541012500

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $5,465
  • Net Operating Income $22,832

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0

Listing Details

  • CapRate: 6.84
  • Subdivision Name Other: LEUCADIA
  • View: Yes
  • Zoning: 2
  • Property Type: Residential Income
  • Parcel Number: 2541012500
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Appliances: Yes
  • Levels: Two

Exterior Features

  • Roof: Rolled/Hot Mop
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Uncovered

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Additional Parcels: No
  • Lot Features: Gentle Sloping, Sprinkler System, Sprinklers Timer
  • Lot Size: .22
  • Lot Size Sq Ft: 95832.00
  • Lot Size Acres: 2.2000

Multi Family

  • Gross Multiplier: 16.60
  • Gross Scheduled Income: 32845.00
  • Lot Size Area: 95832.0000 Square Feet
  • Net Operating Income: 22832.00
  • Number Of Units Total: 3
  • Number With Dishwasher: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 3
  • Total Expenses: 5465.00

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
06/06/2015 06/06/15 Rented $3,000 0.0% --
06/06/2015 06/06/15 For Rent $3,000 +8.1% --
10/20/2013 10/20/13 Rented $2,775 -20.6% --
09/20/2013 09/20/13 Under Contract -- -- --
02/08/2012 02/08/12 For Rent $3,495 0.0% --
02/07/2012 02/07/12 Sold $969,000 +88071.1% $646 / Sq Ft
01/08/2012 01/08/12 Pending -- -- --
09/24/2011 09/24/11 For Sale $1,099 -- $1 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 110054112

California Regional Multiple Listing Service (CRMLS)