273 Hillcrest Dr - Apartments FOR SALE


Encinitas, CA 92024
$4,100,000 USD
760-822-1755
273 Hillcrest Dr, Encinitas, CA for Sale
$4,100,000 USD
Apartments - FOR SALE
1/16
null | 5.14% Cap Rate

273 Hillcrest Dr
Encinitas, CA 92024


HIGHLIGHTS

  • 7 Unit multi-family property in Encinitas
  • Highly Desirable Rental Units
  • West of 5 location
  • Little to no vacancy
  • Close proximity to North County San Diego's best beaches

OVERVIEW

Rare opportunity in the heart of Leucadia to own (7) seven units, all located on a .4-acre flat usable lot west of Interstate 5. Over 3600 total sq. feet of living space. Units consist of (1) 2-bedrooms, 2 full baths, (2) 2-bedroom 1 full bath, (3) 1-Bedroom 1 bath and (1) studio unit. There is an oversized two car garage, covered carport, onsite laundry facility, private yards, and plenty of extra storage areas. Beautiful mature landscaping surrounds this uniquely designed building (including two cottages) providing a peaceful serene setting. All units are connected to the city sewer and there are 4 separate gas meters. Three of the units have been remodeled in the past year. Hillcrest is an ideal property with endless long term or short-term upside.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$1,139 USD /SF

# OF UNITS

7

PRICE/UNIT

$585,714

CAP RATE

5.14%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

R8

APN/PARCEL ID

254-101-41-00

ASK ABOUT THIS PROPERTY

David MillerSwell PropertyMore Info
760-822-1755

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David MillerSwell PropertyMore Info
760-822-1755

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.