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Listed by Chelsea Taylor, DRE #02000553 • Swell Property
$3,095,000
Est. payment /mo
5 Beds
5 Baths
1,840 SqFt
New
215 223 Lolita ST Encinitas, CA 92024
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Key Details
Property Type Single Family Home
Sub Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,840 sqft
Price per Sqft $1,682
MLS Listing ID CRNDP2605544
Bedrooms 5
Full Baths 5
Year Built 1931
Lot Size 3,863 Sqft
Property Sub-Type Single Family Home
Source California Regional MLS
Property Description
Authentic coastal character, walk-to-beach location, and income from day one! 215-223 Lolita Street is the rare gem that captures the soul of old Encinitas. This five-unit coastal income property sits just three blocks, or 0.2 miles, from the sand of Moonlight Beach. Whether you're an investor seeking a turnkey opportunity or an owner-occupant craving the beach lifestyle, this one checks every box. The building consists of four cozy one-bedroom units and one charming studio with a loft, a versatile mix that appeals to a wide range of tenants and keeps vacancy low in this perpetually sought-after coastal market. The current ownership has invested heavily in the fundamentals. The entire property has been re-piped with hardline galvanized pipes, new roof vents installed, and every unit equipped with a new heater. A new commercial-grade water heater serves the building, and the studio features a fully remodeled bathroom giving the next owner true peace of mind. A comprehensive renovation in 2010 modernized the interiors throughout, including remodeled kitchens and bathrooms, upgraded plumbing and electrical, sound insulation between each unit, and beautiful bamboo flooring, all hallmarks of a well-loved, well-maintained property. Income properties just a short stroll to the sand
Location
State CA
County San Diego
Area 92024 - Encinitas
Zoning RS11
Interior
Cooling None
Fireplaces Type None
Laundry Laundry Area, Other, Community Facility
Exterior
Pool None
View None
Building
Story One Story
Others
Tax ID 2563741500
Special Listing Condition Not Applicable
Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2605544
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