1631 Neptune Ave
Encinitas, CA 92024
Grandview Luxury Lofts · Multifamily Property For Sale · 2 Units

Prime location AND income opportunity...WOW! With beach access just 1 block away, spectacular white-water & sunset views, a choice Neptune Avenue setting, and short walks to eclectic shopping, farmer's markets, coffee houses, and hipster cafes - this property perfectly represents the importance of a great location, how the right setting is paramount for both investment value and quality of life for its residents. In addition, every inch of the property has been creatively designed and is stunningly beautiful. This resort-like complex is accessed from the parking area through an electronic security gate to ensure everyone's safety and privacy. As you enter each condo, you are greeted with large ocean views and an open concept kitchen, living room, and dining area for entertaining. Ocean views, sea breezes, sounds of waves, and natural light are ever-present throughout. Each home has a dedicated sundeck to enjoy the majestic ocean and breathtaking sunsets. All the bedrooms are very comfortable in size as well as bright, airy, and quiet. The bathrooms and walk-in showers are all quality appointed, and the entire complex is beautifully furnished, making this a perfect multi-generational family compound, instant income opportunity, or both. Each condo has its own turnkey income opportunity (a built-in 600 SF apartment w/private entrance) and the GVL complex has a 5-year history operating as 4 rentable units (3 short term, 1 long term) at 4.4% Cap Rate. This property is as unique as it is desirable - don't miss out on this rare opportunity to secure your perfect family beach compound!