$1,895,000
●
Land -
For Sale
3703 Manchester
Encinitas, CA 92024
Studio
0 Bath
$9,305
Est. Monthly
About This Property
South Coast Commercial is pleased to present 3703 Manchester
Avenue, a dual-parcel residential development opportunity in
Encinitas, California. Totaling 1.27 acres, the offering includes
Parcel 2 with 85% complete plans for a 4,318-square-foot residence
and Parcel 1 with preliminary layouts featuring a 1,200-square-foot
ADU. Both parcels have completed engineering for sewer and water
connections, with additional utilities available from the
surrounding subdivision. The site is positioned to leverage
California's updated ADU and JADU legislation, allowing multiple
dwellings per lot and expanding development potential.
Unit Size
-
Days on Market
361 days
Land Size
1.27 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1966
Listed By
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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: 3 months ago (SDMLS #250043278SD)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 4, 2025 | Listed by South Coast Commercial, Inc. | $1,895,000 | |
| Listed by South Coast Commercial, Inc. | |||
| Nov 18, 2024 | Listed | $1,800,000 | |
| Listed | |||
| | |||
|
AMAZING DEVELOPMENT OPPORTUNITY - two parcels selling together, prime location.
SELLER WILLING TO CARRY; CALL AMANDA FOR TERMS
| |||
Property Highlights
Exterior Details
Lot Size Area: 55160
Lot Size Units: Square Feet
Lot Size Acres: 1.2663
Lot Size Square Feet: 55160
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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HOA + Taxes
About Encinitas
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Listed by: Brendan Flynn, South Coast Commercial, Inc.
Last Updated: 3 months ago
Data Source: CRMLS, MLS# 250043278SD
Last Updated: 3 months ago
Data Source: CRMLS, MLS# 250043278SD
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