$3,500,000

243 E Glaucus

Encinitas CA, 92024

Description

Located west of Interstate 5 and situated in a single family and multifamily residential neighborhood, 243 E. Glaucus consists of 5 large apartment homes of two, three and four-bedroom floor plans. The property records show six legal units, which allows an investor to reconfigure floor plans to add one more unit. The property is just a few short blocks from Leucadia State Beach and retail and dining along from N. Coast Highway 101. The low density site features single level units with large private patios or yards and plenty of off street parking. The large floor plans are well designed and offer significant rental upside by completing interior and exterior renovations. Two units are reserved for households earning eighty percent (80%) or less of Area Median Income (AMI) for San Diego County for a period of 20 years from January 28, 2020. The investment offers multiple alternative exit strategies including redevelopment or the addition of accessory dwelling units.

Details

MLS#200052108
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site154

Features

Units5

Market Activity 92024

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Area Information
StateCA
CountySan Diego
CityEncinitas
Zip Code92024
Area92024 - Encinitas
Listing VS Median (in 92024)
Price:
$3,500,000
low | high
Med:
$1,349,000
100% of Average
On Site:
154
low | high
Med:
3
100% of Average
Sourced by Back At You
Listing Updated: March 4, 2021 2:06:34 PM PST
Eric Comer LogoMLS Number: 200052108
Listing Provided By:
Eric Comer  of  Eric D. Comer Broker
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