Property profile

3615 Manchester Ave Encinitas, CA 92024

FOR SALE
Land
Property ID
US09-7027865
2.17 ac lot
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3615 Manchester Ave, Encinitas, CA 92024 For Sale
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3615 Manchester Ave, Encinitas, CA 92024
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Property summary

AI-generated overview

This exceptional 2.17-acre (94,525 sq ft) residential lot in Encinitas, CA, presents a unique development opportunity. Located at 3615 Manchester Avenue, 92024, this property boasts Residential (R3) zoning, allowing for a density of 3 dwelling units per acre, with a maximum height of 22 feet or two stories (26-foot pitched roof permitted). The lot includes a 1400 sq ft existing home and additional storage structures. Utilities are readily available, serviced by Olivenhain Municipal Water District (water/sewer) and SDG&E (gas/electric). Public safety is provided by the City of Encinitas Fire Department and the County of San Diego Police Department. The property is situated within the highly desirable Cardiff Elementary School District and San Dieguito Union High School District. The Assessor's Parcel Number (APN) is 262-062-13-00. Offered at $7,995,000, this property represents a compelling investment in a prime Encinitas location. This is a rare opportunity to acquire a substantial residential lot with existing structures in a sought-after school district. The property's size and zoning provide significant potential for future development.

Property profile

Verified
Property type Land
Lot 2.17 ac (94,525 SF)
UPID US09-7027865

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Christmas Tree Farm Pumpkin Patch
  • (Bike/Boat/Book/etc) Store Florist
  • Specialty Food Shop
  • Haunted House

Location

3615 Manchester Ave Encinitas, CA 92024
Encinitas metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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