4407 Manchester Ave, Encinitas, CA 92024

Property Details for 4407 Manchester Ave

Year built

1983

Lot size

3.14 lot acres

Property type

Office Spaces

Property subtype

Office Units

Description

This exceptional 960-square-foot office condominium, located at 4407 Manchester Avenue, Suite 207, Encinitas, CA 92024, presents a lucrative investment opportunity. Priced at $710,000, this property boasts a strong pro-forma cap rate of 5.27% and a current net operating income (NOI) of $37,440. Situated within the Encinitas Rancho Professional Park, this versatile space is ideal for a variety of uses, including traditional, medical, or creative office settings. Currently configured as a psychiatrist's office, the layout features two entrances, allowing for potential division into separate rental units. The oversized waiting area could be independently leased due to its private entrance. Amenities include central HVAC, ample natural light, a kitchenette, and restrooms conveniently located on the same floor. The property sits on a 3.14-acre lot and is part of a well-maintained HOA, with a monthly fee of $510 covering exterior maintenance, landscaping, parking, restrooms, and partial insurance. Built in 1983, this two-story building is zoned for commercial office condominiums (Commercial Office Codominimum). Its prime location offers easy access to freeway 5, shopping centers, hospitals, residential areas, schools, and beaches. This is a rare opportunity to acquire a fully occupied, high-performing asset in a desirable coastal San Diego location. The property's APN is 259-190-47-63.

Location Insight

City

Encinitas

County

San Diego

State

California

Longitude

-117.24

Latitude

33.0364