This TURNKEY property has been used by one couple as a primary residence only. It has not been used as a rental property and therefore there is no history of rental income nor rental expenses. Positioned in one of Southern California's most coveted coastal markets, this rare downtown Encinitas property… Read More presents an outstanding opportunity to acquire a premier infill development site with immediate income potential. Situated on a 5,000+ square foot lot and improved with three existing residences, the property offers the unique advantage of generating rental income while planning and pursuing future redevelopment. Located within the highly desirable Downtown Commercial Mixed-Use (D-CM-2) zoning district, the site provides exceptional flexibility for residential, retail, professional office, or mixed-use development (buyer to verify all permitted uses and development potential). Just a short walk to the beach, historic Highway101, acclaimed restaurants, cafs, boutiques, and transit, the property's premier location supports a wide range of development opportunities in one of North County's highest-demand coastal communities. Whether your vision includes a boutique mixed-use project, luxury residential residences, a live/work concept, or a long-term strategic land investment, this property offers the location, zoning, and existing cash flow to maximize value. Opportunities to acquire developable property with holding income in downtown Encinitas are exceptionally limited, making this a compelling investment for developers seeking a signature project in an irreplaceable coastal lo Read Less
Courtesy of Compass, 760-703-0796, Tyler Polan.
Listing Snapshot
Days Online
4
Last Updated
Property Type
Res Income 2-4 Units
Beds
4
Lot Size
0.12 Acres
MLS Number
NDP2606629
30 Days Snapshot Of 92024
$3.06M
+27%
(avg) sold price
11
-71%
homes sold
38
-15%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 0, Building area total: 0, 2 number of buildings, 1 story total, Living area: 0, Living area units: Sqft, Building area units: Sqft, 3 total units
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Based on information from the San Diego MLS /Association of REALTORS®
as of . All data, including all measurements and calculations of area, is
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Source: San Diego MLS
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