$1,750,000
●
Multifamily -
Off Market
314 W A Street
Encinitas, CA 92024
Studio
0 Bath
$2,634,932
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model
About This Property
Incredible investment opportunity West of Hwy 101! Just one block
to Moonlight Beach!!! Large corner lot with 2 units/each with their
own 1 car garage, private patio & washer/dryer. Upstairs 2B/ 1b
unit has french doors that open to a large balcony w/ocean views,
fireplace in living room. The charming 2 B/1b ground unit is a
split level apt. with bedrooms upstairs & living rm/kitchen
downstairs, fireplace, balcony w/ french doors. Saltillo tiles in
both units.The lot has plenty of room for extra storage. Fantastic
location one block to Moonlight beach. Plenty of room for extra
storage and parking. Tenant pays Trash, Cable & Electricity/Gas.
Neighborhoods: Encinitas coastal Other Fees: 0 Unit # for
Unit 1: 314 Unit # for Unit 2: 316 Number of Furnished Units: 0
Unit Size
-
Days on Market
89 days
Land Size
0.13 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
-
Payment Calculator
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (SDMLS #190043057)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 30, 2019 | Sold | ||
| Sold | |||
| Aug 2, 2019 | Listed by Compass | $1,799,000 | |
| Listed by Compass | |||
Property Highlights
Exterior Details
Year Built: 1987
Levels: Two
Lot Size Area: 5664
Lot Size Units: Square Feet
Lot Size Acres: 0.13
Lot Size Square Feet: 5664
Utilities Details
Cooling Type: None
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/02/2019
| |
Studio
|
-
|
-
|
$1,799,000
Studio
-
|
$1,750,000
-2.72%
10/30/2019
|
Betty Steele
Steele Realty
|
|
07/03/2015
| |
Studio
|
-
|
-
|
$1,650,000
Studio
-
|
$1,500,000
-9.09%
02/25/2016
|
David Miller
Big Block Realty, Inc.
|
Building Info
About Encinitas
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Listed by: Betty Steele, Compass
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 190043057
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 190043057
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