1153-1155 Aloha Drive

Encinitas, CA 92024

$2,096,000
Last Sold Price
4
Beds
3
Baths
1,999 Sq. Ft.
$1,049 / Sq. Ft.
1,999
Sq. Ft.
$1,049
per Sq. Ft.

Description

Price Improvement an New Solar coming with NEM 2.0 - Amazing opportunity to own 2 separate 2bd houses on one large lot for under $1,050,000 per house. Excellent investment, multi-gen opportunity, or owner occupy with option rent 1 or both for $$$. Both have private yards and parking++. The back house is larger and has an optional 3rd ensuite bedroom which is currently a separate, self contained studio. Savvy House hackers could live here and have a majority of their payment made by Tenants. Turnkey...Price Improvement an New Solar coming with NEM 2.0 - Amazing opportunity to own 2 separate 2bd houses on one large lot for under $1,050,000 per house. Excellent investment, multi-gen opportunity, or owner occupy with option rent 1 or both for $$$. Both have private yards and parking++. The back house is larger and has an optional 3rd ensuite bedroom which is currently a separate, self contained studio. Savvy House hackers could live here and have a majority of their payment made by Tenants. Turnkey property, furnished vac rental in front, with 9+ months rental history and has tile floors, BRAND NEW kitchen (5/23) and updated bath. Long Term yet flexible Tenant prospect has a lease through July for the back 2 bedroom and updated rear house: Luxury Vinyl large-plank flooring, new lighting, baths and kitchen, open concept all new appliances incl. Fenced and newly updated, low maintenance yards with Art Turf and patios for all 3 areas. Walk to Pickle Ball, and all schools (Elem, Mid and High). 1.25 mi to Swami's rail underpass with access to town n da beach. Drive from I-5 to home in 3 minutes. Coastal breezes. Build up for an Ocean view, or expand the current foot prints, and/or add a new ADU (check with City). Seller will rent guarantee, or sign Master lease at $10,000/ mo, for first year if requested. 1153 @ $3,800; 1155 @ $4,200; Studio @ $2,000
  1. Listed by Shawn Couch • DRE #01310731 • Brokerage DRE #02074427 • Professional Realty Services

Property Details for 1153-1155 Aloha Drive

Parking Spaces Total
11
Private Pool
No
Cooling Type
None
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Lot Size Dimensions
64' x 146'
Living Area
1999

Location

Listing Courtesy of Professional Realty Services, Shawn Couch, DRE #01310731

Sold By Keller Williams Realty, Elizabeth Raber, DRE #02072900

Add your commute
LISTING UPDATED: 10/06/2023 12:53 AM

Property Details for 1153-1155 Aloha Drive

StatusClosed
MLS #NDP2303180
Days on Market89
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.21 AC / 9,296 SF
CountySan Diego County

Location

Listing Courtesy of Professional Realty Services, Shawn Couch, DRE #01310731

Sold By Keller Williams Realty, Elizabeth Raber, DRE #02072900

Add your commute

Building Information for 1153-1155 Aloha Drive

Stories1Residences-Year Built1959Building Size-Lot Size0.21 AC / 9,296 SF

Payment Calculator

$11,557 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,439

Property Taxes

$118

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1153-1155 Aloha Drive

Income / Expense / Tax Details
Income Details
  • Gross Income: $142,200
  • Gross Scheduled Income: $142,200
  • Gross Operating Income: $142,200
  • Net Operating Income: $99,187
  • Cap Rate: 4.0
Expense Details
  • Operating Expense: $43,013
  • Operating Expense Percent: 1.00%
  • New Taxes Expense: $25,000
  • Electric Expense: $100
  • Insurance Expense: $2,500
  • Trash Expense: $80
  • Water Sewer Expense: $120
  • Total Expenses: $43,013
Tax / Assessment Info
  • Tax Tract Number: 19080
  • Tax Lot: 2592820600
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Street Lights, Biking, Dog Park, Park
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, ENERGY STAR Qualified Appliances, Disposal, Gas Cooking, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Water Heater, Water Line to Refrigerator
  • Equipment: Dishwasher, Gas Dryer Hookup, Ice Maker, In Kitchen, Laundry Closet Stacked, Microwave, Refrigerator, Stackable W/D Hookup, Washer, Washer Included, Water Line to Refrigerator
Exterior Features
  • Exterior Features: Awning(s), Barbecue Private
  • Entry Location: Front
  • Fence: Yes
  • Fence: Cross Fenced, Wood
  • Fencing: Cross Fenced, Good Condition, New Condition, Wood
  • Other Structures: Shed(s)
  • Property Condition: Turnkey, Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre, Level with Street, Lot 6500-9999, Rectangular Lot, Level, Near Public Transit, Sprinklers Drip System, Sprinklers In Front, Utilities - Overhead
  • Direction Faces: West
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Sprinklers: Yes
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Carport, Driveway
  • Uncovered Spaces: 9
  • Open Other Spaces Total: 9
  • Parking Garage Spaces: 0
  • Carport Spaces: 2
  • Parking Features: Carport, Attached Carport, Driveway, Concrete
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $5,250
  • Unit Type Total Rent: $5,250
  • Unit Type Pro Forma: 6000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,200
  • Unit Type Total Rent: $4,200
  • Unit Type Pro Forma: 4200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,400
  • Unit Type Total Rent: $2,400
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 1
  • Number With Range: 2
  • Number With Refrigerator: 3
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Patio: 3

Property History for 1153-1155 Aloha Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1153-1155 Aloha Drive

Taxable ValueLand$18,816Additions$48,029Total$66,845
Tax Record2018$1,416 ($118 / month)
Home Facts
StyleMulti-Family Dwelling (2-4)ZoningR2CountySAN DIEGOAPN2592820600

Schools near 1153-1155 Aloha Drive

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
Ocean Knoll Elementary School
PublicK to 6

Oak Crest 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

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Similar Sold Homes

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Listing Courtesy of Professional Realty Services, Shawn Couch, DRE #01310731

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