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273 Hillcrest Dr
Encinitas, CA 92024
Multifamily Property For Sale
·
7 Units
Investment Highlights
- Great Rental Units with Little to No Vacancy!
- Leucadia, West of 5 Location!
- Private Yards and On-Site Laundry
Executive Summary
Rare opportunity in the heart of Leucadia to own (7) seven units, all located on a.4-acre flat usable lot west of Interstate 5. Over 3600 total sq. feet of living space. Units consist of (1) 2-bedrooms, 2 full baths, (2) 2-bedroom 1 full bath, (3) 1-Bedroom 1 bath and (1) studio unit. There is an oversized two car garage, covered carport, onsite laundry facility, private yards, and plenty of extra storage areas. Beautiful mature landscaping surrounds this uniquely designed building (including two cottages) providing a peaceful serene setting. All units are connected to the city sewer and there are 4 separate gas meters. Three of the units have been remodeled in the past year. Hillcrest is an ideal property with endless long term or short-term upside.
Property Facts
| Price Per Unit | $570,714 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.40 AC |
| Cap Rate | 5.34% | Building Size | 3,600 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1984 |
| Apartment Style | Townhome | Parking Ratio | 2.78/1,000 SF |
| Zoning | R8 - residential with minimum lot sizes | ||
| Price Per Unit | $570,714 |
| Sale Type | Investment |
| Cap Rate | 5.34% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 3,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 2.78/1,000 SF |
| Zoning | R8 - residential with minimum lot sizes |
Amenities
Unit Amenities
- Balcony
- Yard
- Deck
- Patio
Site Amenities
- Courtyard
- Laundry Facilities
- Storage Space
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 3 | - | - |
| 2+1 | 2 | - | - |
| 2+2 | 1 | - | - |
Property Taxes
| Parcel Number | 254-101-41 | Improvements Assessment | $371,422 |
| Land Assessment | $2,281,597 | Total Assessment | $2,653,019 |
Property Taxes
Parcel Number
254-101-41
Land Assessment
$2,281,597
Improvements Assessment
$371,422
Total Assessment
$2,653,019
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