251 E Glaucus St

Baths
3,130 Sq. Ft.
$861 / Sq. Ft.
3,130
Sq. Ft.
$861
per Sq. Ft.

Description

Wonderful 3 unit property in the heart of beautiful Leucadia. All units are turnkey and fully occupied. Property consists of a duplex with unit A being a large 3 bedroom, 2 bath home with a large loft at 1830 square feet, and private lawn front yard. Unit B is a 2 bedroom, 1 1/2 bath home at 900 square feet and private backyard area. Detached above the storage garage is unit C, a 400 square foot studio. The garage has been converted and divided into 3 separate storage units that each of the 3 units...Wonderful 3 unit property in the heart of beautiful Leucadia. All units are turnkey and fully occupied. Property consists of a duplex with unit A being a large 3 bedroom, 2 bath home with a large loft at 1830 square feet, and private lawn front yard. Unit B is a 2 bedroom, 1 1/2 bath home at 900 square feet and private backyard area. Detached above the storage garage is unit C, a 400 square foot studio. The garage has been converted and divided into 3 separate storage units that each of the 3 units have their own storage. Each unit has their own laundry room. Unit C studio laundry downstairs in their storage garage. The main house just had an all new roof installed. Great location. Just a moments walk to Highway 101 and all the shops and restaurants in the area. In the 5 years of current ownership the only vacancies have been a few days during a turnover. Always rented and easy to find great tenants. Landlord pays utilities, and tenants pay a flat monthly amount for average utility costs.
  1. Listed by Mike Jones • DRE #01094232 • Brokerage DRE #02057739 • Whole Life Properties • MikeJonesSanDiegoRealtor@Gmail.com

Property Details for 251 East Glaucus Street

Parking Spaces Total
4
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
3.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
3130
Assessor Parcel Number
254-325-26-00
LISTING UPDATED: 03/07/2026 01:19 AM

Property Details for 251 East Glaucus Street

StatusActive
MLS #NDP2602013
Days on Market78
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1986
Lot Size0.14 AC / 6,098 SF
CountySan Diego County

Location

Listing Courtesy of Whole Life Properties, Mike Jones, DRE #01094232
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Building Information for 251 East Glaucus Street

Stories2Residences-Year Built1986Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$15,432 per month

30 year fixed, 6.36% Interest

Principal and Interest

$13,429

Property Taxes

$2,003

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 251 East Glaucus Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $139,800
  • Gross Scheduled Income: $132,420
  • Net Operating Income: $114,620
  • Other Income Description: Flat utilities collected from tenants
  • Other Income 1: $7,380
  • Gross Multiplier: 20.35
  • Cap Rate: 4.25
Expense Details
  • Operating Expense: $17,800
  • New Taxes Expense: $24,000
  • Gardener Expense: $2,000
  • Fuel Expense: $0
  • Electric Expense: $6,300
  • Insurance Expense: $2,891
  • Professional Management Expense: $6,000
  • Trash Expense: $435
  • Water Sewer Expense: $1,450
  • Total Expenses: $47,800
Tax / Assessment Info
  • Tax Tract Number: PM1362
  • Tax Lot: 3
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Appliances: Gas Cooking, Microwave, Refrigerator, Gas Oven, Dishwasher
  • Equipment: Dishwasher, Microwave, Refrigerator, Room
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Electric, Central
  • Heat Source: Electric
  • Heating: Electric, Central
  • Flooring Type: Tile, Vinyl, Carpet
  • Flooring: Tile, Vinyl, Carpet
Exterior Features
  • Entry Location: Front
  • Fence: No
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: Front Yard, Lawn
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Electricity Available
  • Electric: Electricity Available, Natural Gas Available
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Driveway
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Driveway
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $5,135
  • Unit Type Total Rent: $5,435
  • Unit Type Pro Forma: 5600
  • Unit Type Type: 1
Unit 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,250
  • Unit Type Total Rent: $3,425
  • Unit Type Pro Forma: 3750
  • Unit Type Type: 2
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,650
  • Unit Type Total Rent: $2,790
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 2
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Number With Disposal: 3

Property History for 251 East Glaucus Street

DateEvent & SourcePriceAppreciation
Mar 3, 2026

Listed (Active)

CRMLS #NDP2602013

$2,695,000
Mar 2, 2026

Listed (Active)

SDMLS #NDP2602013

$2,695,000
Mar 2, 2026

Listed (Active)

CLAW #NDP2602013MR

$2,695,000
DateEvent & SourcePrice
03/03/2026

Listed (Active)

CRMLS #NDP2602013

$2,695,000
03/02/2026

Listed (Active)

SDMLS #NDP2602013

$2,695,000
03/02/2026

Listed (Active)

CLAW #NDP2602013MR

$2,695,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 251 East Glaucus Street

Taxable ValueLand$1,753,539Additions$303,080Total$2,056,619
Tax Record2025$24,042 ($2,003 / month)
Home Facts
Total Finished SqFt3,130 SqFtAbove Grade Finished SqFt3,130 SqFtLot Size6,027 SqFtStyleMulti-Family Dwelling (2-4)Year Built1986ZoningR-2:MINOR MULCountySAN DIEGOAPN254-325-26-00

Schools near 251 East Glaucus Street

This home is within Encinitas Union Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Paul Ecke-Central Elementary School
PublicK to 6

Diegueno Middle School
Public7 to 8

La Costa Canyon High School
Public9 to 12

Sunset High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

251 East Glaucus Street is a multi-family home for sale in Encinitas, CA 92024. This property was listed for sale on March 2, 2026 by Whole Life Properties, it's currently listed at $2,695,000. It has been on the market for a total of 78 days and was last sold on April 16, 2021. This listing's school districts are San Dieguito Union High School District, Encinitas Union Elementary School District. Nearby schools include Paul Ecke-Central Elementary School, Diegueno Middle School and La Costa Canyon High School. 251 East Glaucus Street is a 5-bed, 0-bath, 3,130 sqft multi-family home built in 1986.

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Listing Courtesy of Whole Life Properties, Mike Jones, DRE #01094232

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