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Brittan Anderson

banderson.ca@gmail.com +1(760) 766-1609

$ 3,095,000

Est. payment | -/mo

3,863 Sqft Lot

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$ 3,095,000

Est. payment | -/mo

Save Virtual Tour

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

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Listed by Chelsea Taylor Swell Property chelsea@chelseataylorproperties.com, DRE #02000553

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+1(760) 766-1609

banderson.ca@gmail.com

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215 223 Lolita ST Encinitas, CA 92024