843-851 4th St

Beds
Baths
10,580 Sq. Ft.
$655 / Sq. Ft.
10,580
Sq. Ft.
$655
per Sq. Ft.

Description

Wonderful 10 unit complex in one of the most desirable places in San Diego County: Downtown Encinitas. 1 property back from bluff, short walk to 30+ restaurants, beach, La Paloma Theater, Banks, Yoga studios, churches, train and bus stations etc. Solid rental area with upside to be realized by adding washer / dryer units to interiors and raising rents to market in this income property. Ideal unit mix: 8 - 1,000 sf 2Br / 2 Ba units, 2 - 750 sf 1Br / 1 Ba - 2 story Townhome style units. Also perfect...Wonderful 10 unit complex in one of the most desirable places in San Diego County: Downtown Encinitas. 1 property back from bluff, short walk to 30+ restaurants, beach, La Paloma Theater, Banks, Yoga studios, churches, train and bus stations etc. Solid rental area with upside to be realized by adding washer / dryer units to interiors and raising rents to market in this income property. Ideal unit mix: 8 - 1,000 sf 2Br / 2 Ba units, 2 - 750 sf 1Br / 1 Ba - 2 story Townhome style units. Also perfect situation to add 2 studio or 1 Br ADU's by converting garages, and increase income approx. $65k+ a year. Please be discrete and do not bother or talk to Residents.
  1. Listed by Will Creagan • DRE #00949450 • Brokerage DRE #01523691 • Southwest Equity Partners • willc@southwestep.com

Property Details for 843-851 4th Street

Parking Spaces Total
16
Private Pool
No
Total Units
10.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
10580
Assessor Parcel Number
258-171-10-00
Property Attached YN
true
LISTING UPDATED: 07/18/2024 04:48 AM

Property Details for 843-851 4th Street

StatusClosed
MLS #NDP2405056
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1968
Lot Size0.24 AC / 10,454 SF
CountySan Diego County

Location

Listing Courtesy of Southwest Equity Partners, Will Creagan, DRE #00949450

Sold By LeBeau Realty Advisors, David LeBeau, DRE #00988232

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Building Information for 843-851 4th Street

Stories3Residences-Year Built1968Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

$34,896 per month

30 year fixed, 6.46% Interest

Principal and Interest

$34,896

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 843-851 4th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $412,550
  • Gross Scheduled Income: $429,732
  • Gross Equity: $7,500,000
  • Vacancy Allowance Rate: 4
  • Gross Operating Income: $412,550
  • Net Operating Income: $279,861
  • Gross Multiplier: 17.46
  • Cap Rate: 3.73
  • Financing: None
Expense Details
  • Operating Expense: $132,689
  • New Taxes Expense: $79,091
  • Gardener Expense: $3,240
  • Fuel Expense: $0
  • Licenses Expense: $560
  • Electric Expense: $3,024
  • Insurance Expense: $4,297
  • Maintenance Expense: $10,000
  • Professional Management Expense: $18,656
  • Other Expense: $5,000
  • Other Expense Description: reserves
  • Trash Expense: $3,984
  • Water Sewer Expense: $2,376
  • Total Expenses: $132,689
Tax / Assessment Info
  • Tax Block: 171
  • Tax Tract Number: 10-11
  • CFD/Mello-Roos Fee: $2,552
  • Tax Lot: 258
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Storm Drains, Street Lights, Watersports
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: 3
  • Fence: No
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Additional Parcels Description: 2581711100
  • Lot Features: 36-40 Units/Acre, Landscaped
  • Number Of Units: 10
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
Parking Info
  • Garage Spaces: 6
  • Parking: No
  • Uncovered Spaces: 10
  • Open Other Spaces Total: 10
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit Information
  • Number Of Units Leased: 10
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 2
  • Number With Dishwasher: 10
  • Number With Range: 10
  • Number With Refrigerator: 10
  • Number With Disposal: 10
  • Number With Drapes: 10
  • Number With Patio: 10

Property History for 843-851 4th Street

DateEvent & SourcePriceAppreciation
Jul 17, 2024

Sold

CRMLS #NDP2405056

$6,930,000
Jul 17, 2024

Sold

SDMLS #NDP2405056

$6,930,000
Jul 17, 2024

Sold

CLAW #NDP2405056MR

$6,930,000
DateEvent & SourcePrice
07/17/2024

Sold

CRMLS #NDP2405056

$6,930,000
07/17/2024

Sold

SDMLS #NDP2405056

$6,930,000
07/17/2024

Sold

CLAW #NDP2405056MR

$6,930,000

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

Schools near 843-851 4th 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.

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Listing Courtesy of Southwest Equity Partners, Will Creagan, DRE #00949450

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