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353-355 3rd St

Encinitas, CA 92024
  • $3,995,000
  • STATUS: ACTIVE
  • ON SITE: 21 Days
  • ID#: 220010077
UPDATED: 75 min ago
$3,995,000
  • 5
    BEDS
  • 0.11
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 1,940
    SQFT
  • $2,059
    $/SQFT
Neighborhood:
Encinitas
Type:
Multi-Family
Built:
1970
County:
San Diego
Area:
Encinitas (92024)

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Description

- 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 - Ocean Views from Both Units - 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)*

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.lajollaagent.com/homes/128235707
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353-355 3rd St Encinitas, CA 92024

  • Price: $3,995,000
  • Status: ACTIVE
  • On Site: 21 Days
  • Updated: 75 min ago
  • ID#: 220010077
5
Beds
4
Baths
0
½ Baths
0.11
Acres
1,940
SQFT
$2,059
$/SQFT
1970
Built
Neighborhood:
Encinitas
County:
San Diego
Area:
Encinitas (92024)
Property Description
- 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 - Ocean Views from Both Units - 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)*
Exterior Features

Exterior Wood/Stucco Fencing Full Parking Garage Spaces Unit1 2 Parking Garage Spaces Unit2 1 Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 2 Units With Patios 2 View Ocean

Interior Features

Cooling Wall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Heat Source Natural Gas Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups No Units With Cooling 0 Units With Dishwashers 2 Units With Dryers 1 Units With Fireplaces 0 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 1 Water Heater Type Gas

Property Features

Actual Cap Rate 0.82 Age Restrictions N/K Annual Expense Actual 48656 Annual Expense Projected 48656 Association ID San Diego Association Of Realtors (Sdar) Buildings 2 Cfd Mello Roos Fee 0.0 Community Encinitas Complex Park N/A Cross Streets B Street Gross Rent Multiplier Actual 47.0 Gross Rent Multiplier Project 22.0 Gross Scheduled Income Actual 84000 Gross Scheduled Income Project 180000 Mandatory Remarks None Known Market Area Coastal North Monthly Total Fees 0 Net Operating Income Projected 125944 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 3.15 Projected Other Income 0.0 Sales Restrictions Call Agent Security Other/Remarks Short Sale No Tenant Pays Electricity Terms Other/Remarks Unit Number For Unit1 353 Unit Number For Unit2 355 Unit1 Deposit 3400 Unit1 Occupied Tenant Unit1 Projected Rent 9000.0 Unit1 Rent Actual 3900.0 Unit2 Deposit 2995 Unit2 Occupied Tenant Unit2 Projected Rent 6000.0 Unit2 Rent Actual 3100.0 Water Meter On Property Water District San Dieguito Water District Zoning R-4:Multip

San Diego MLS logo Listing provided courtesy of Apartment Realty Group (Arg). Listing information © 2022 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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