$2,215,000
SOLD JAN 10, 2025
4 Beds
4 Baths
2,262 Sq Ft
5,453 Sq Ft Lot

Recently Sold

$979 Per Sq Ft

6% Below List Price

81 Days on Market

Highlights

  • Central Air
  • Partially Fenced Property
  • 2-minute walk to Mildred MacPherson Park
  • Paul Ecke-Central Elementary Rated A

About This Home

As of January 2025

Don't miss this incredible opportunity to own a charming 2-unit duplex west of the 5 freeway, just steps from downtown Encinitas with ocean views. Enjoy the best of coastal living with the beach, shops, and restaurants all within walking distance. Each unit features 2 bedrooms, 1 bath, a 2-car garage, and a private yard. Whether you're looking for an investment property or a place to call home, this duplex offers unbeatable convenience and lifestyle.

Last Agent to Sell the Property

Drew Lyon

Harcourts One License #01459368 Listed on: 08/22/2024

Co-Listed By

Michael Borna

Sunshine Realty License #00665250

Last Buyer's Agent

Greg Robertson

Class Realty Group, Inc. License #01933571

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 5,453 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 2-Story Property
  • Central Air

Community Details

  • 2 Units
  • Net Operating Income $56,225

Listing and Financial Details

  • Tenant pays for sewer, trash, water, electricity, gas/propane, hot water
  • Assessor Parcel Number 258-215-19-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal North
  • Cross Street: San Elijo
  • Neighborhood: Encinitas
  • Stories: 2 Story
  • Sale Price List Price: 0.94
  • Total Stories: 2
  • Year Built: 1974
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Cooling: Central Forced Air

Condo/Co-op/Association

  • Community: ENCINITAS

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Zoning: R-2:MINOR
  • Assessor Parcel Number: 258-215-19-00
  • Estimated Lot Sq Ft: 5453
  • Estimated Number of Acres: 0.13
  • Map Code Column: C
  • Map Code Page: 1147
  • Map Code Row: 7

Rental Info

  • Tenant Pays: Sewer, Trash, Water, Electricity, Gas/Propane, Hot Water

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 56225
  • Gross Rent Multiplier Actual: 36.0
  • Gross Rent Multiplier Projected: 28.0
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2024
Closed on
Jan 6, 2025
Sold by
Leon Family B Trust and Khalili-Borna Yvonne Leon
Bought by
Abou Marvin and Khadr Camille
Seller's Agent
Drew Lyon
Harcourts One
Buyer's Agent
Greg Robertson
Class Realty Group, Inc.
List Price
$2,359,000
Sold Price
$2,215,000
Premium/Discount to List
-$144,000
-6.1%
Views
101
Current Estimated Value
$2,281,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,991
Avg. Annual Appreciation
3.15%
Original Mortgage
$1,772,000
Outstanding Balance
$1,759,695
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$522,296

Purchase Details

Closed on
Feb 16, 2016
Sold by
Leon Manuel L
Bought by
Leon Manuel L

Purchase Details

Closed on
Oct 12, 2005
Sold by
Leon Manuel L and Leon Imogene A
Bought by
Leon Manuel L and Leon Imogene A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.68%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Oct 11, 2005
Sold by
Leon Manuel L and Leon Imogene A
Bought by
Leon Manuel L and Leon Imogene A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.68%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Sep 18, 1997
Sold by
Kimes Kimberly A
Bought by
Kimes Matthew L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
7.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 21, 1997
Sold by
Kimes Matthew L and Kimes Gerald P
Bought by
Leon Manuel L and Leon Imogene A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
7.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 6, 1989

Purchase Details

Closed on
Jun 25, 1985
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,215,000 Stewart Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Financial Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Commonwealth Land Title Co
Grant Deed $297,500 Commonwealth Land Title Co
Deed $265,000 --
Deed $172,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,772,000 New Conventional
Previous Owner $320,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $145,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2025 01/10/25 Sold $2,215,000 -6.1% $979 / Sq Ft
11/12/2024 11/12/24 Pending -- -- --
08/22/2024 08/22/24 For Sale $2,359,000 -- $1,043 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $6,103 $2,091,000 $1,938,000 $153,000
2024 $6,103 $465,698 $313,081 $152,617
2023 $5,817 $456,568 $306,943 $149,625
2022 $5,779 $447,617 $300,925 $146,692
2021 $5,750 $438,841 $295,025 $143,816
2020 $5,714 $434,342 $292,000 $142,342
2019 $5,617 $425,826 $286,275 $139,551
2018 $5,631 $417,477 $280,662 $136,815
2017 $191 $409,292 $275,159 $134,133
2016 $5,460 $401,267 $269,764 $131,503
2015 $5,395 $395,240 $265,712 $129,528
2014 $5,359 $387,499 $260,508 $126,991
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240019837

San Diego MLS

APN: 258-215-19