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Renovated 5-Unit Multifamily Courtyard
For Sale
$3,400,000

931-937 Regal Road, Encinitas, CA 92024

Newly renovated 5-unit property featuring updated interiors, new roof, and a mix of one- and two-bedroom homes.

Property Size3,516 SF
Price / SF$967.01
Days on Market111

Property Features for 931-937 Regal Road

General Information

Standard status Active
Size 3,516 SF
Class trophy asset
Property subtype Commercial-Res Income / Com-Res Income
Zoning rs-11

Additional Details

Multifamily Units 5

Amenities

1 Story
Central Forced Air Elec, Heat Pump, None, Other
Central Forced Air Elec, Central Forced Air Gas, Heat Pump, Wall
1
Slab
5.0
5
8
Owned
Composition
Free Standing, Other/Remarks
2
Front Sprinklers, Fully Landscaped, Part Fenced, Rear Sprinklers

Building Details

Year Renovated 2025
Listing Agency: Sand & Sea Realty, Inc.
Listed By: Yale Jallos · License #01907020
Source: Compass
Added: May 6 Changed: Aug 23 Last Checked: Aug 23 at 7:19AM

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 Sand & Sea Realty, Inc.

Investment Insights

Based on property information with market context.

931–937 Regal Rd. presents a newly renovated 5-unit multifamily property built as the south half of a mirror-image courtyard development. The residences have undergone a comprehensive transformation completed through work finalized from 2020 to 2025. Interior upgrades include newly renovated kitchens and bathrooms, quartz countertops, tile flooring throughout, updated electrical systems, and a new roof for the property. The newly built units also include new AC units serving those homes.

The unit mix totals three 2-bedroom, 1-bath apartments and two 1-bedroom, 1-bath apartments, for 8 bedrooms and 8 bathrooms across the building. Each residence is described as offering abundant natural light, along with large private enclosed backyards and mature landscaping that helps create a distinct residential environment.

For buyers seeking a low-density income property with recent capital improvements, this asset offers a straightforward 5-unit configuration and a clear mix of one- and two-bedroom layouts. The property also notes that the adjacent mirror-image 5-unit counterpart is available separately, which may be of interest to investors looking to expand within the same courtyard style and improvement set.

Key Highlights

  • Newly renovated 5‑unit multifamily property with extensive interior and exterior upgrades.
  • Unit mix includes three 2 bed/1 bath units and two 1 bed/1 bath units (total 8 bed, 8 bath).
  • Renovations include quartz countertops, renovated kitchens and bathrooms, and tile flooring throughout.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store HVAC Service Storage Facility Locksmith Florist

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

5
Residential units

Location Intelligence

Trade Area within ½ mile

2,019
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?
Apartment building - Newly renovated 5-unit property featuring updated interiors, new roof, and a mix of one- and two-bedroom homes.
Where is this apartment building located?
The property is located at 931-937 Regal Road Encinitas, CA.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Newly renovated 5‑unit multifamily property with extensive interior and exterior upgrades.; Unit mix includes three 2 bed/1 bath units and two 1 bed/1 bath units (total 8 bed, 8 bath).; Renovations include quartz countertops, renovated kitchens and bathrooms, and tile flooring throughout.
More about this property
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