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273 Hillcrest Drive

Encinitas, CA 92024
  • $4,615,000
  • STATUS: Active
  • ON SITE: 29 Days
  • ID#: NDP2306656
UPDATED: 170 min ago
$4,615,000
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1984
County:

School Ratings & Info

Listing Agent(s): David Miller of Swell Property (760-452-2345) and Benjamin Hamady of ()


Description

Rare opportunity in the heart of Leucadia to own (6) six permitted units, all located on .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. 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 completed remodeled in the past year. Hillcrest is an ideal property with endless long term or short-term upside.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-24T00:28:43.64. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
www.romerohometeam.com/homes/142809217
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273 Hillcrest Drive Encinitas, CA 92024

  • Price: $4,615,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 170 min ago
  • ID#: NDP2306656
0
Beds
0
Baths
0
½ Baths
0.4
Acres
1984
Built
Neighborhood:
92024 - Encinitas
County:
San Diego
Area:
92024 - Encinitas
Property Description
Rare opportunity in the heart of Leucadia to own (6) six permitted units, all located on .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. 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 completed remodeled in the past year. Hillcrest is an ideal property with endless long term or short-term upside.
Exterior Features

Carport Spaces 2 Carport YN Yes Entry Level 1 Entry Location 1 Lot Features Back YardFront YardYard Number Of Separate Electric Meters 1 Open Parking Spaces 8 Parking Total 12 Pool Features None Pool Private YN No Property Attached YN Yes Spa YN No View YN No

Interior Features

Appliances Refrigerator Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace YN No Heating YN No

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.4 Community Features BikingHikingPark Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 237660 Gross Scheduled Income 237660 Insurance Expense 3500 Land Lease YN No Laundry Features Common AreaSee Remarks Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 196660 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 41000 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning R8



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-24T00:28:43.64. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
 
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Romero Home Team | eXp Realty
865 Aerovista Pl, Suite 120
San Luis Obispo CA, 93401
Listing Agent(s): David Miller of Swell Property (760-452-2345) and Benjamin Hamady of ()