$13,150,000
$14,000,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
0.65 Acres Lot
SOLD DATE : 09/25/2024
Key Details
Sold Price $13,150,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NDP2400124
Sold Date 09/25/24
Bedrooms 2
HOA Y/N No
Lot Size 0.650 Acres
Lot Dimensions .65 Acres
Property Description
Gorgeous 21 unit Apartment complex in Downtown Encinitas on the bluffs overlooking the Ocean, and Swami's surf spot. Same Ownership for last 20 years. Units have been renovated to various extent over last 20 years but there is upside if the Buyers want to improve further and add w/d to each unit. Last 2Br condo sale in the neighborhood $2.85m. Newer pitched comp roof, water pipes replaced in 2003, pool and pool area renovated in last 2 years, newer windows, new 2nd floor deck going in now. Close to all the restaurants, shops, theater, banks, yoga studios, and train station on or near HWY 101.
Gorgeous 21 unit Apartment complex in Downtown Encinitas on the bluffs overlooking the Ocean, and Swami's surf spot. Same Ownership for last 20 years. Units have been renovated to various extent over last 20 years but there is upside if the Buyers want to improve further and add w/d to each unit. Last 2Br condo sale in the neighborhood $2.85m. Newer pitched comp roof, water pipes replaced in 2003, pool and pool area renovated in last 2 years, newer windows, new 2nd floor deck going in now. Close to all the restaurants, shops, theater, banks, yoga studios, and train station on or near HWY 101.
Location
State CA
County San Diego
Area Encinitas (92024)
Zoning Seller
Exterior
Exterior Feature Stucco
Pool Community/Common
Roof Type Composition
Building
Lot Description Sidewalks
Story 2
Lot Size Range .5 to 1 AC
Level or Stories 1 Story
Others
Monthly Total Fees $136
Acceptable Financing Cash
Space Rent $935,268
Listing Terms Cash
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Bought with Alex Knutson • Alex Knutson, Broker