951 N Vulcan Ave - Apartments FOR SALE


Encinitas, CA 92024
$5,770,000 USD
858-436-6541
951 N Vulcan Ave, Encinitas, CA for Sale
$5,770,000 USD
Apartments - FOR SALE
1/24
null | 4.09% Cap Rate

951 N Vulcan Ave
Encinitas, CA 92024


HIGHLIGHTS

  • 9 Turn-key coastal residential units
  • Low maintenance asset
  • Stable performing property
  • Luxury Renovation
  • New copper hot and cold water supply throughout
  • Potential for addition of multiple Accessory Dwelling Units (ADUs)

OVERVIEW

Available for sale is a fully renovated, turn-key, fully occupied, 9-unit apartment complex situated just half a mile from Beacons Beach. This property offers an unbeatable location, low-maintenance management, a highly sought-after unit mix, and 14 parking spaces, with additional space for the potential development of Accessory Dwelling Units (ADUs). The building has undergone a comprehensive renovation, featuring luxury vinyl plank flooring, granite and quartz countertops, brand-new appliances, ABS plumbing, new copper hot & cold supply, in-unit washer/dryers, modern AC units, and new fixtures throughout. Additionally, the property has been beautifully re-painted and rebranded as Housey Housey, located directly across from the popular local café, Coffee Coffee. The concrete driveway has been refinished for an updated look, while a small front yard common area provides a welcoming space for residents to enjoy. The spacious rear lot also offers great potential for future ADU construction. This exceptional property combines a prime location, thoughtful renovations, and future development opportunities, making it a unique investment in the heart of Leucadia.

FOR SALE DETAILS

PRICE

$5,770,000 USD

PRICE/SF

$968 USD /SF

# OF UNITS

9

PRICE/UNIT

$641,111

CAP RATE

4.09%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

R3

APN/PARCEL ID

254-324-33

ASK ABOUT THIS PROPERTY

Clark RorbachKidder MathewsMore Info
858-436-6541

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Clark RorbachKidder MathewsMore Info
858-436-6541

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