REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,095,000
Est. payment | /mo
3,863 Sqft Lot
$ 3,095,000
Est. payment | /mo
3,863 Sqft Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID NDP2605545
HOA Y/N No
Year Built 1931
Lot Size 3,863 Sqft
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
Area 92024 - Encinitas
Zoning RS-11
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Curbs, Sidewalks
View Y/N No
Private Pool No
Building
Lot Description Landscaped
Story 1
Sewer Public Sewer
Others
Senior Community No
Tax ID 2563741500
Energy Description 1658.0
Acceptable Financing Cash, 1031 Exchange, Submit
Listing Terms Cash, 1031 Exchange, Submit
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2605545
Listed by Chelsea Taylor Swell Property chelsea@chelseataylorproperties.com, DRE #02000553