Pending

1405 N Vulcan Ave

Outside Area ( Inside Ca ) CA, 92024

$4,750,000


Pending

Commercial

Listed by Josh Browar with The Browar Group 858-414-4398

One-of-a-kind North County Coastal apartment investment opportunity with over $400,000 spent in recent renovations (in 2023). Nestled in the coveted neighborhood of Leucadia in the north county coastal area of San Diego County. Presenting 1405 N Vulcan Avenue, a meticulously crafted property boasting six fully renovated townhomes, each offering two bedrooms and two bathrooms with exterior private back patios. Each unit also includes an individual garage and one off-street parking space. Situated on an expansive lot exceeding 13,000 square feet, this property embodies both luxury and potential. The strategic location of 1405 N Vulcan Avenue adds to its allure. A mere stone's throw away from the beach, residents can enjoy the quintessential coastal lifestyle with ease. Moreover, the property is within walking distance to a plethora of shopping outlets, restaurants, nightlife venues, and recreational activities, ensuring that tenants have everything they need right at their doorstep. The property's rental income is robust, yet there remains significant upside potential for further growth. Additionally, prospective owners can explore the possibility of additional dwelling unit (ADU) conversions, as evidenced by a feasibility study conducted by current ownership. In summary, 1405 N Vulcan Avenue presents a rare opportunity to acquire a meticulously upgraded asset in an enviable coastal location. With its strong unit mix, large floorplans, and development potential, this property is poised to deliver both immediate returns and long-term value appreciation.

240006568SD

MLS ID

March 28, 2024

Listed

April 15, 2024

Updated

Map

1405 N Vulcan Ave
Outside Area ( Inside Ca ) CA, 92024

Other Property Details

Area Name

92024 - Encinitas


Days on Market

16


Garage

No


Parking Total

6


View

No


County

San Diego


Pool

No


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

4/15/2024

Pending

Listing Contact: 858-414-4398 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/15/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 4/15/2024 at 5:07 AM UTC

 

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