775 Orpheus Ave - Apartments FOR SALE


Encinitas, CA 92024
$1,895,000 USD
858-336-9688
775 Orpheus Ave, Encinitas, CA for Sale
$1,895,000 USD
Apartments - FOR SALE
1/49
null | Request Cap Rate

775 Orpheus Ave
Encinitas, CA 92024


HIGHLIGHTS

  • 0.35-acre R3-zoned lot, this property comes with SB9 eligibility
  • Offering 2,268 sq. ft. of space across two units
  • The attached living area includes one bedroom and one bath
  • Enjoy easy access to I-5, nearby beaches, shops, and restaurants

OVERVIEW

Discover the extraordinary development and ROI possibilities at 775 Orpheus Ave, nestled in one of Encinitas’ most desirable coastal neighborhoods. Sitting on a level 0.35-acre R3-zoned lot, this property comes with SB9 eligibility, offering a range of lucrative strategies: split the lot, build multiple units (with ADUs and JADUs), or craft your dream coastal estate. Imagine maximizing returns by capitalizing on second-story ocean views and plenty of yard space for creative design. Offering 2,268 sq. ft. of space across two units, 2 story unit is currently configured as a music school with two bathrooms, —featuring a second-floor view deck. An attached living area includes one bedroom and one bath, providing versatile options for investors or owner-users alike. Though it needs TLC, the zoning flexibility, size, and potential for expanded stunning ocean views make this a diamond in the rough. Enjoy easy access to I-5, nearby beaches, shops, and restaurants. Priced to sell quickly as-is, this is your chance to capitalize on Encinitas’ hot market and unlock the incredible development and ROI potential of 775 Orpheus Ave!

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$836 USD /SF

# OF UNITS

2

PRICE/UNIT

$947,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

775 Orpheus Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,354 SF

ZONING

R3

APN/PARCEL ID

256-121-10-00

ASK ABOUT THIS PROPERTY

Jason LeeJLM Real Estate Inc.More Info
858-336-9688

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Jason LeeJLM Real Estate Inc.More Info
858-336-9688

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