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330 W I Street

Encinitas, CA 92024
  • $14,000,000
  • STATUS: Active Under Contract
  • ON SITE: 171 Days
  • ID#: NDP2400124
Under Contract
UPDATED: 160 min ago
$14,000,000
  • 0
    BEDS
  • 0.65
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Listing Agent(s): Will Creagan of Southwest Equity Partners (760-419-5300)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-24T23:28:02.823. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
www.playavistaliving.com/homes/146428363
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330 W I Street Encinitas, CA 92024

  • Price: $14,000,000
  • Status: Active Under Contract
  • On Site: 171 Days
  • Updated: 160 min ago
  • ID#: NDP2400124
0
Beds
0
Baths
0
½ Baths
0.65
Acres
1960
Built
Neighborhood:
92024 - Encinitas
County:
San Diego
Area:
92024 - Encinitas
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.
Exterior Features

Carport Spaces 0 Construction Materials Stucco Entry Level 1 Entry Location 1 Lot Features 31-35 Units/Acre Number Of Separate Electric Meters 22 Open Parking Spaces 27 Parking Features Asphalt Parking Total 27 Pool Features CommunitySolar Heat Pool Private YN No Property Attached YN Yes Roof Composition Spa YN No View BluffPark/GreenbeltOceanWater View YN Yes

Interior Features

Appliances DishwasherExhaust FanElectric RangeGas CookingGas CooktopGas OvenGas RangeGas Water HeaterMicrowaveRefrigeratorRange Hood Common Walls 1 Common Wall Cooling YN No Fireplace YN No Heating YN No

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.04 Community Features Gutter(s)ParkStorm Drain(s)Street LightsSidewalksWater SportsPool Electric Expense 12828 Fuel Expense 0 Garage YN No Gross Income 17409 Gross Scheduled Income 952627 Insurance Expense 12667 Land Lease YN No Laundry Features Common Area Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Net Operating Income 626607 New Construction YN No New Taxes Expense 165091 Number Of Separate Gas Meters 22 Number Of Separate Water Meters 1 Number Of Units Leased 20 Operating Expense 298012 Rent Control YN No Security Features Carbon Monoxide Detector(s)Fire Detection SystemSmoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays HVAC Maintenance Trash Expense 3773 Utilities Cable ConnectedElectricity ConnectedNatural Gas Available Vacancy Allowance 28008 Vacancy Allowance Rate 3 Water Sewer Expense 2854 Zoning D-R25



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-24T23:28:02.823. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
 
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Team Tami | Palm Realty Boutique
323 Culver Blvd.
Playa del Rey CA, 90293
Listing Agent(s): Will Creagan of Southwest Equity Partners (760-419-5300)