NOT LISTED FOR SALE

353 3rd St Encinitas, CA 92024

Estimated Value: $3,184,000 - $3,843,000

5 Beds
4 Baths
1,940 Sq Ft
$1,784/Sq Ft Est. Value

Last Sold August 19, 2022

Last sale price $3,000,000 $1,546 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $21,948/month

27 Days on Market

Highlights

  • Ocean View
  • Paul Ecke-Central Elementary Rated A
  • 3-minute walk to Moonlight State Beach

About This Home

As of August 2022

- Ocean Views from Both Units - Directly Across from Moonlight Beach - Irreplaceable Encinitas Beach Location - 3Bdrm/2Bthrm Front House w/ Laundry, Grassy Yard and Porch - 2Bdrm/2Bthrm Above Garages w/ Patio Deck - (3) Single-Car Garages - Potential ADU Play - Value-Add w/ Substantial Upside - Investment, Owner-Occupant &/or Vacation Rental - One Block to Downtown Encinitas - 1,940 Rental Square Feet, Lot Size: 4,976SF - Great Long-Term Investment - Trophy, Legacy Property - All Tenant Month-to-Month - *FAVORABLE ZONING: D-VCM (Visitor Commercial Mixed-Use)*

Last Listed By

James V. Carter

Apartment Realty Group (ARG) License #01352336 Listed on: 07/07/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $33,155

Year Built

  • 1970

Lot Details

  • 4,976 Sq Ft Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Ocean Views

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for water, electricity
  • Assessor Parcel Number 258-052-06-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Net Operating Income $37,072

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$33,155

Year Built

1970

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Coastal North
  • Cross Street: B Street
  • Neighborhood: ENCINITAS
  • LP / Sq Ft: 27.61
  • Stories: 2 Story
  • Sale Price List Price: 0.83
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1970

Exterior Features

  • Boat Facilities: No/Unknown
  • Exterior Material: Stucco
  • Roof: Composition
  • View: Ocean

Utilities

  • Cooling: Wall/Window
  • Water Heater Type: Gas

Condo/Co-op/Association

  • Community: ENCINITAS
  • Manager Phone: 858-837-1456

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Water District: SAN DIEGUITO WATER DISTRICT
  • Zoning: D-VCM
  • Assessor Parcel Number: 258-052-06-00
  • Estimated Lot Sq Ft: 4976

Rental Info

  • Tenant Pays: Water, Electricity

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 37072
  • Annual Expense Actual: 44408
  • Annual Expense Projected: 44408
  • Gross Rent Multiplier Actual: 42.8
  • Gross Rent Multiplier Projected: 19.97
  • Gross Sched Income Actual: 84000
  • Gross Sched Income Projected: 180000
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 2
  • Number Of Units With Dryers: 1
  • 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: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2022
Closed on
Aug 12, 2022
Sold by
Noonan Brunton Patricia Jean
Bought by
Jm Brunton Famil Trust
Seller's Agent
James V. Carter
Apartment Realty Group (ARG)
Buyer's Agent
James V. Carter
Apartment Realty Group (ARG)
List Price
$3,595,000
Sold Price
$3,000,000
Premium/Discount to List
-$595,000
-16.55%
Total Days on Market
27
Current Estimated Value
$3,460,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$460,444
Avg. Annual Appreciation
5.13%

Purchase Details

Listed on
Jul 7, 2022
Closed on
Aug 11, 2022
Sold by
J M Brunton Family Trust
Bought by
Harrison Family Trust
Seller's Agent
James V. Carter
Apartment Realty Group (ARG)
Buyer's Agent
James V. Carter
Apartment Realty Group (ARG)
List Price
$3,595,000
Sold Price
$3,000,000
Premium/Discount to List
-$595,000
-16.55%

Purchase Details

Closed on
Aug 29, 2018
Sold by
Brunton Patricia N and The J M Brunton Family Trust
Bought by
Brunton Patricia N and The Shelter Trust

Range of Values:

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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 Buyer Sale Price Title Company
Harrison Family Trust $3,000,000 Ticor Title
Brunton Patricia N -- None Available
Brunton Patricia N -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2022 08/19/22 Sold $3,000,000 -16.6% $1,546 / Sq Ft
08/04/2022 08/04/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $3,595,000 -- $1,853 / 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
2024 $33,155 $3,060,000 $2,835,600 $224,400
2023 $32,325 $3,000,000 $2,780,000 $220,000
2022 $2,909 $214,870 $59,901 $154,969
2021 $2,961 $210,658 $58,727 $151,931
2020 $2,912 $208,499 $58,125 $150,374
2019 $2,865 $204,412 $56,986 $147,426
2018 $2,782 $200,405 $55,869 $144,536
2017 $191 $196,476 $54,774 $141,702
2016 $2,628 $192,624 $53,700 $138,924
2015 $2,580 $189,732 $52,894 $136,838
2014 $2,504 $186,016 $51,858 $134,158
Source: Public Records

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Source: San Diego MLS

MLS Number: 220017319

San Diego MLS

APN: 258-052-06