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Triplex with Private Decks
For Sale
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209 Melrose Ave, Encinitas, CA 92024

Triplex offers studio plus two 2 bed/1 bath units, each with private outdoor space and on-site laundry.

Property SizeContact for details
Days on Market143

Property Features for 209 Melrose Ave

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Business Included Yes
Multifamily Units 3
Listing Agency: Compass San Diego
Listed By: Amy Ali · License #CA 01998195
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 22 at 10:36AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass San Diego

Investment Insights

Based on property information with market context.

This income-producing triplex features a unit mix of an owner’s studio plus two 2 bed/1 bath units. The property includes private decks and a rooftop view, along with an on-site laundry room and private outdoor spaces. Additional amenities noted include ample parking and a hot tub. Property sold as-is, and permits are listed as unknown.

The address is 209 Melrose Avenue in Encinitas, described as a quiet street just blocks from Moonlight Beach. The remarks also note it is about one block from downtown Encinitas along Highway 101.

According to the current usage described in the remarks, the three units are being used as an owner’s studio, a long-term rental, and a short-term rental with consistent bookings. The property was inherited, and further details regarding permits are not provided.

Key Highlights

  • Triplex at 209 Melrose Ave with unit mix: studio plus two 2 bed/1 bath units
  • Each unit has private outdoor space, including decks and a rooftop view
  • On‑site laundry room and ample parking included

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Locksmith Catering Service Daycare Center (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

1,402
Businesses Nearby

Demographics for 92024, CA

51,190
Population
21,566
Households
2.4
Avg Household Size
44
Median Age
67%
College-Educated
96%
High-School Grad
18.0 sq mi
ZIP Area
2,844
Density / Sq Mi
$149,080
Median Household Income
$70,949
Median Earnings
$2,643
Median Rent
$1,409,700
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Triplex offers studio plus two 2 bed/1 bath units, each with private outdoor space and on-site laundry.
Where is this triplex located?
The property is located at 209 Melrose Ave Encinitas, CA.
What are key features of this property?
This property features: Triplex at 209 Melrose Ave with unit mix: studio plus two 2 bed/1 bath units; Each unit has private outdoor space, including decks and a rooftop view; On‑site laundry room and ample parking included
(760) 641-4877 Call to check price and availability
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