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$3,095,000
Est. payment /mo
5 Beds
5 Baths
1,840 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type All Other Attached
Listing Status Active
Purchase Type For Sale
Square Footage 1,840 sqft
Price per Sqft $1,682
MLS Listing ID NDP2605544
Bedrooms 5
Full Baths 5
Year Built 1931
Lot Size 3,863 Sqft
Property Sub-Type All Other Attached
Property Description
Authentic coastal character, walk-to-beach location, and income from day one! 215-223 Lolita Street is the rare gem that captures the soul of old Encinitas. This five-unit coastal income property sits just three blocks, or 0.2 miles, from the sand of Moonlight Beach. Whether you're an investor seeking a turnkey opportunity or an owner-occupant craving the beach lifestyle, this one checks every box. The building consists of four cozy one-bedroom units and one charming studio with a loft, a versatile mix that appeals to a wide range of tenants and keeps vacancy low in this perpetually sought-after coastal market. The current ownership has invested heavily in the fundamentals. The entire property has been re-piped with hardline galvanized pipes, new roof vents installed, and every unit equipped with a new heater. A new commercial-grade water heater serves the building, and the studio features a fully remodeled bathroom giving the next owner true peace of mind. A comprehensive renovation in 2010 modernized the interiors throughout, including remodeled kitchens and bathrooms, upgraded plumbing and electrical, sound insulation between each unit, and beautiful bamboo flooring, all hallmarks of a well-loved, well-maintained property. Income properties just a short stroll to the sand in Encinitas are as coveted as they are scarce, don't let this one slip by!
Location
State CA
County San Diego
Zoning RS11
Direction Cross street is La Veta Avenue
Interior
Fireplace No
Exterior
View Y/N Yes
Building
Story 1
Sewer Public Sewer
Level or Stories 1
Schools
School District San Dieguito High School Distric
Others
Senior Community No
Tax ID 2563741500
Acceptable Financing Cash, Exchange, Submit
Listing Terms Cash, Exchange, Submit
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2605544
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Listed by Chelsea Taylor, DRE#02000553 Swell Property
NEARBY SCHOOL & BUSINESS
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