Pacific Crest

Property feature image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Address: 330 W I St, Encinitas, CA 92024, USA
Created date: January 4, 2024
Date last updated: April 4, 2024

-Ocean Front with parking
-4.8%+ Cap on existing / 5.56% Cap on Propforma with $423k improvement budget
-Close to beach,and restaurants
-All 2 br units
-Next to a small park
-Latest 2br condo sales along bluff $2.8m
-Laundry on-site – but upside if you add W/D to units
Same Ownership 20+ years

Property Description

21 Two Bedroom Units on the bluffs in Encinitas overlooking the Swami's and Boneyards surf spots. 5-10 min stroll for most to 30+ restaurants, train depot, La Paloma theater, banks yoga studios, and churches. High end Residents and young beach vibe in this location. Newer roof, water pipes replaced in 2003, all units renovated between 2004 - 2023, some more extensive than others.

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Multifamily type: Apartments
Price: $15,500,000
No. of Units: 21
Cap Rate: 4.04%
GRM /GIM: 16.27
Average Occupancy: 98
Year Built: 1960
Year Renovated: 2020
Building Size: 18,460 Sq ft
Lot Size: 28,314.00 Sq ft
No. of Stories: 2
APN: 358-172-19
Buy Side Fee: 1%
Opportunity Zone: No
Price per unit: $738,095
Address: 330 W I St, Encinitas, CA 92024, USA

Unit mix

Description No. of Units Sq ft. Avg. Monthly Rent
2Br / 1 Ba 20 861 3852
Br / 2 Ba 1 1120 5030

Additional contacts

Full name Phone number Email address
Will Creagan 7604195300 [email protected]

Similar Properties in the Area

3281 Steel Street -3287

San Diego , California
California & West + Apartments
Units: 3
Price: $1,299,900

1399 W 39th Street

Los Angeles , California
California & West + Apartments
Units: 3
Price: $1,499,000

728 Clay Avenue

Huntington Beach , California
California & West + Apartments
Units: 3
Price: $1,625,000
popup background image