211 Neptune Avenue

Encinitas, CA 92024 View Map $4,200,000 Ask a Question
Beds6
Baths5
Sq.Ft.7,481
Year1960

MASIV Real Estate

(619) 878-3778

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Status: Sold
Property Type:Res Income 2-4 Units
MLS #:240009645
Sq. Feet:7,481
Date Sold:6/3/2024
County:San Diego

Listing Agent/Office

Agent:Tyler Snyder
Agent Phone:619-384-9532
Office:Snyder Real Estate Group
Amazing opportunity to own a coastal Triplex on one of the last double corner lots 200 feet from the ocean on one of the most iconic streets in Encinitas. This trophy property sits on a splitable 7,481 sq ft lot and currently consists of a detached 3 bedroom/2 bath home and attached 2 bedroom/2 bath and 1 bedroom/1 bath units that have been beautifully upgraded and obtain top market rents. They all have their own private yards and laundry, which is very rare in this area. In addition, there are numerous opportunities for you to come in and build a brand new home with an ADU that is steps to the ocean, or split the lot and build two new homes with their own ADU's, or tear down and build an amazing Triplex! Located walking distance to Moonlight Beach, Stone Steps Beach, and Downtown Encinitas, rarely do you find a property like this with an unbeatable location and tremendous development opportunity.

Amazing opportunity to own a coastal Triplex on one of the last double corner lots 200 feet from the ocean on one of the most iconic streets in Encinitas. This trophy property sits on a splitable 7,481 sq ft lot and currently consists of a detached 3 bedroom/2 bath home and attached 2 bedroom/2 bath and 1 bedroom/1 bath units that have been beautifully upgraded and obtain top market rents. They all have their own private yards and laundry, which is very rare in this area. In addition, there are numerous opportunities for you to come in and build a brand new home with an ADU that is steps to the ocean, or split the lot and build two new homes with their own ADU’s, or tear down and build an amazing Triplex! Located walking distance to Moonlight Beach, Stone Steps Beach, and Downtown Encinitas, rarely do you find a property like this with an unbeatable location and tremendous development opportunity.

Detailed Maps

Community Information

Address:211 Neptune Avenue, Encinitas, CA 92024
Area:Encinitas (92024)
County:San Diego
City:Encinitas
Area (MLS Code):Coastal North
Subdivision:Leucadia
Zip Code:92024
Community:ENCINITAS
Complex:Neptune

Architecture

Bedrooms: 6
Bathrooms: 5
Year Built:1960
Stories:1
Exterior: Wood/Stucco
Total Stories: 1
Unit 1: 2 beds, 2 baths. Rent: $4600.0
Unit 2: 1 bed, 1 bath. Rent: $3300.0
Unit 3: 3 beds, 2 baths. Rent: $6850.0
Roof: Composition

Features / Amenities

Heating: Fireplace, Wall/Gravity
Heat Source: Natural Gas
Water Heater: Gas

Rooms

Dimensions
Master
Bedroom 2
Bedroom 3
Bedroom 4
Bedroom 5
Breakfast Area
Dining Room
Kitchen
Living Room
Family Room
Extra Room 1
Extra Room 2
Extra Room 3

Property Features

Lot Dimensions:4,000-7,499 SF
Frontage: Ocean/Bluff
Site: Alley Access, Corner Lot, Sidewalks, West of I-5, West of 101
Topography: Level
Water: Meter on Property
Sewer: Sewer Connected
Fencing: Full

Tax and Financial Info

Gross Sched Income Actual: $177, 000
Annual Expense Actual: $61, 601
Cap Rate Actual: $2.75
Tenant Pays: Electricity, Gas/Propane
Terms: Cash, Conventional

Schools

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