NOT LISTED FOR SALE

462 Rancho Santa fe Rd Encinitas, CA 92024

4 Beds
4 Baths
2,500 Sq Ft
0.74 Acres

Last Sold April 20, 2017

Last sale price $1,010,000 $404 Per Sq Ft

129 Days on Market

Highlights

  • 32,234 Sq Ft lot
  • Park or Greenbelt View
  • Wood Siding
  • Olivenhain Pioneer Elementary Rated A
  • Gentle Sloping Lot
  • 1-Story Property

About This Home

As of April 2017

Meander through almost 3/4 acre of natural wooded land to find these very unique 4 units. The main building, originally a single family home, now holds 3 units, each with their own private patios, some quite large and with beautiful views. The 4th unit is a 2 bedroom detached accessory unit. Long term dependable tenants pay all utilities. Great income for the present, and it's the kind of lot you could build an amazing home on some day. Cracked slab; please see supplement for info. The slab is cracked in both houses. It has been ground down and filled and and the contractor owner says it hasn't changed since he bought it in 2002, but purchase will require cash or private financing. Call listing agent for info. This beautiful lot is adorned with huge pepper trees, macadamia trees, bouganvilla and winding pathways. There's a gazebo, plenty of parking, and each unit feels completely private from the others.

Last Listed By

Anne Fagan

Real Acqusition, Inc. License #00997889 Listed on: 11/11/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.74 Acre Lot
  • Gentle Sloping Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • Park or Greenbelt Views

Utilities

  • Separate Water Meter
  • Septic System

Listing and Financial Details

  • Tenant pays for water, electricity, gas/propane, hot water
  • Assessor Parcel Number 265-331-56-00

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Olivenhain Community

Building Details

  • Net Operating Income $56,364

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal North
  • Cross Street: Whisper Wind/8th
  • Neighborhood: Olivenhain
  • Supplement: The slab is cracked in both houses. It has been ground down and filled and and the contractor owner says it hasn't changed since he bought it in 2002, but purchase will require cash or private financing. Call listing agent for info. This beautiful lot is adorned with huge pepper trees, macadamia trees, bouganvilla and winding pathways. There's a gazebo, plenty of parking, and each unit feels completely private from the others.
  • Stories: 1 Story
  • Sale Price List Price: 0.93
  • Total Stories: 1
  • Year Built: 1961
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco, Wood
  • Roof: Composition
  • View: Parklike

Utilities

  • Sewer/Septic: Septic Installed
  • Water: Meter on Property

Condo/Co-op/Association

  • Complex Name: Olivenhain
  • Community: OLIVENHAIN
  • Manager Name: Owner

Lot Info

  • Lot Size: .5 to 1 AC
  • Topography: Rolling, Slope Gentle
  • Zoning: RR2
  • Assessor Parcel Number: 265-331-56-00
  • Land Use Code: RR2
  • Estimated Lot Sq Ft: 32234

Rental Info

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

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 56364
  • Annual Expense Actual: 12036
  • Gross Rent Multiplier Actual: 15.9
  • Gross Rent Multiplier Projected: 15.5
  • Gross Sched Income Actual: 68400
  • Gross Sched Income Projected: 76800
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 4

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
04/20/2017 04/20/17 Sold $1,010,000 -7.3% $404 / Sq Ft
03/20/2017 03/20/17 Pending -- -- --
01/16/2017 01/16/17 For Sale $1,090,000 0.0% $436 / Sq Ft
01/07/2017 01/07/17 Pending -- -- --
12/30/2016 12/30/16 Price Changed $1,090,000 -8.4% $436 / Sq Ft
11/11/2016 11/11/16 For Sale $1,190,000 -- $476 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Anne Fagan

    Seller's Agent in 2017

    Anne Fagan

    Real Acqusition, Inc.

    (760) 966-7436

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Map

Source: San Diego MLS

MLS Number: 160060735

San Diego MLS

APN: 265-331-56-00

California San Diego County Encinitas 92024

462 Rancho Santa fe Rd, Encinitas, CA

Homes for Sale in Encinitas, CA

This home is located at 462 Rancho Santa fe Rd, Encinitas, CA 92024 since 11 November 2016. This property was built in 1961. 462 Rancho Santa fe Rd is a home located in San Diego County with nearby schools including Olivenhain Pioneer Elementary, Diegueno Middle School, and La Costa Canyon High School.

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