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937 3rd St 2 Unit Apartment Building $3,499,995 ($1,749,998/Unit) Encinitas, CA 92024

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INVESTMENT HIGHLIGHTS

  • Turnkey and Location
  • Ability to add 2 additional units

EXECUTIVE SUMMARY

Huge Price Reduction. Seller says sell it! Want a fast close? Call me today! This totally turnkey duplex is ready to go! 937 3rd Street is an elegantly reimagined duplex nestled in the heart of downtown Encinitas. This modern gem offers a unique blend of sophistication and coastal charm, making it an exceptional opportunity to own a long-term legacy property in one of San Diego's most coveted locations. Spanning a generous 1,772 square feet, this duplex comprises two distinct units. The upper unit, with its 876 square feet, features 2 well-appointed bedrooms a stylish bathroom and a spacious private patio with room for family and friends. The lower unit offers 896 square feet of living space, also encompassing 2 bedrooms, generous modern bathroom and an oversized patio spanning the entire width of the unit along with side yard. Both units are thoughtfully designed with contemporary finishes and conveniences, including air conditioning and in-unit washers and dryers. The property's total lot size of 5,221 square feet presents a wealth of potential. The seller has conceptual plans for an additional two units and four garages on the back portion of the lot, providing ample options for future development. Located just moments away from shops, dining, the beach, entertainment, and transportation, this duplex places the best of Encinitas at your doorstep. Whether you choose to continue its use as an Airbnb and long-term rental or explore new development possibilities, this property is a must-see. Don't miss out on this incredible opportunity to own a piece of coastal paradise.

PROPERTY FACTS

Price $3,499,995
Price Per Unit $1,749,998
Sale Type Investment
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.12 AC
Building Size 1,772 SF
No. Stories 2
Year Built/Renovated 1950/2021
Zoning R-4 - R-4 Zoning multiple residential

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 2 - -
Walk Score®
Very Walkable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 34661777

  • Date on Market: 1/30/2025

  • Last Updated:

  • Address: 937 3rd St, Encinitas, CA 92024

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