Coastal Five-Unit Income
For Sale
$2,795,000
215 223 Lolita Street, Encinitas, CA 92024
Five residential units include four one-bedrooms and a studio with loft, with recent building systems upgrades.
Property SizeContact for details
Days on Market143
Property Features for 215 223 Lolita Street
General Information
Standard status
Active
Property subtype
Multi-Family
Additional Details
Business Included
Yes
Multifamily Units
5
Building Details
Year Built
1931
Year Renovated
2010
Stories
1
Tenancy
Multi
Listing Agency:
Swell Property
Listed By:
Chelsea Taylor
(760) 425-2345
Source:
Kw
Added: Jun 10
Changed: Oct 29
Last Checked: Oct 30 at 7:19PM
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 Swell Property
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Investment Insights
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This five-unit coastal income property features four one-bedroom units and one studio with a loft. The building’s interior improvements were comprehensively renovated in 2010, including remodeled kitchens and bathrooms, upgraded plumbing and electrical, sound insulation between units, and bamboo flooring.
The seller states the property is located about 0.2 miles from Moonlight Beach. Reported upgrades also include re-piping with hardline galvanized pipes, new roof vents, and new heaters in every unit, along with a new commercial-grade water heater.
The studio also includes a fully remodeled bathroom. The current ownership has invested in key building fundamentals, with the property positioned to generate rental income from day one.
The seller states the property is located about 0.2 miles from Moonlight Beach. Reported upgrades also include re-piping with hardline galvanized pipes, new roof vents, and new heaters in every unit, along with a new commercial-grade water heater.
The studio also includes a fully remodeled bathroom. The current ownership has invested in key building fundamentals, with the property positioned to generate rental income from day one.
Key Highlights
- Five‑unit coastal rental in Encinitas, built in 1931, with four 1‑bedroom units and one studio with loft
- About 0.2 miles (three blocks) to Moonlight Beach for a walk‑to‑beach lifestyle
- Full re‑pipe with hardline galvanized pipes, plus new roof vents installed
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Lease Details
5
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,390
Businesses Nearby
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Business Placement
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Five residential units include four one-bedrooms and a studio with loft, with recent building systems upgrades.
Where is this apartment building located?
The property is located at 215 223 Lolita Street Encinitas, CA.
What is the asking price?
The asking price for this property is $2,795,000.
What are key features of this property?
This property features: Five‑unit coastal rental in Encinitas, built in 1931, with four 1‑bedroom units and one studio with loft; About 0.2 miles (three blocks) to Moonlight Beach for a walk‑to‑beach lifestyle; Full re‑pipe with hardline galvanized pipes, plus new roof vents installed
