841 Normandy Rd - Apartments FOR SALE


Encinitas, CA 92024
$2,400,000 USD
760-613-5263
841 Normandy Rd, Encinitas, CA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

841 Normandy Rd
Encinitas, CA 92024


HIGHLIGHTS

  • Triplex on Normandy Road for Sale
  • Large .80 Acre Lot
  • Separate SDG&E Meters For Each Unit
  • Located in Area of High End Homes

OVERVIEW

Opportunity Knocks. Parcels of land this large do not become available often. Three units located on a beautiful .80 acre parcel of land in a great upscale Leucadia Neighborhood. Plenty of space available to build a trophy family compound. There is also the possibility to remodel the existing structure using the City of Encinitas’s 50% renovation rules to add sqft., then add a junior ADU and either keep the existing ADU or build new. There is also the potential to process an SB9 project to obtain additional lots. All three units are currently rented, however rents are currently under market. Unit A is a 2 Bedroom 1 Bath (downstairs) in the main structure and (upstairs) Unit B is 2 Bedroom 1 Bath. Unit C is a detached accessory unit, approximately 1000 sq. ft. that has 2 Bedrooms and 1 Bath. All the units have separate meters for Gas and Electric. Owner currently pays for water. Amazing rural area with larger sized parcels and many high end homes located hear by. Walking distance to a highly sought after elementary school (Capri) which offers the Spanish immersion program. Enjoy the feel of Country Living with the beach only minutes away. Located near Shopping, Restaurants, Encinitas Ranch Golf Course and easy access to I-5.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$1,290 USD /SF

# OF UNITS

3

PRICE/UNIT

$800,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

R-3

APN/PARCEL ID

254-352-05

ASK ABOUT THIS PROPERTY

Janet McColloughColdwell Banker Residential Brokerage EncinitasMore Info
760-613-5263

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Janet McColloughColdwell Banker Residential Brokerage EncinitasMore Info
760-613-5263

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