330 West I Street

Encinitas, CA 92024

$14,000,000
Price
2
Beds
21
Baths
18,460 Sq. Ft.
$758 / Sq. Ft.
18,460
Sq. Ft.
$758
per Sq. Ft.

Description

Gorgeous 21 unit Apartment complex in Downtown Encinitas on the bluffs overlooking the Ocean, and Swami's surf spot. Same Ownership for last 20 years. Units have been renovated to various extent over last 20 years but there is upside if the Buyers want to improve further and add w/d to each unit. Last 2Br condo sale in the neighborhood $2.85m. Newer pitched comp roof, water pipes replaced in 2003, pool and pool area renovated in last 2 years, newer windows, new 2nd floor deck going in now. Close...Gorgeous 21 unit Apartment complex in Downtown Encinitas on the bluffs overlooking the Ocean, and Swami's surf spot. Same Ownership for last 20 years. Units have been renovated to various extent over last 20 years but there is upside if the Buyers want to improve further and add w/d to each unit. Last 2Br condo sale in the neighborhood $2.85m. Newer pitched comp roof, water pipes replaced in 2003, pool and pool area renovated in last 2 years, newer windows, new 2nd floor deck going in now. Close to all the restaurants, shops, theater, banks, yoga studios, and train station on or near HWY 101.
  1. Listed by Will Creagan • DRE #00949450 • Brokerage DRE #01523691 • Southwest Equity Partners • willc@southwestep.com

Property Details for 330 West I Street

View
Bluff, Ocean, Park/Greenbelt, Water
Parking Spaces Total
27
Private Pool
No
Total Units
21.0
Building Type
Attached
Lot Size Source
Assessor
Lot Size Dimensions
.65 Acres
Living Area
18460

Location

Listing Courtesy of Southwest Equity Partners, Will Creagan, DRE #00949450
Add your commute
LISTING UPDATED: 04/25/2024 12:57 AM

Property Details for 330 West I Street

StatusActive
MLS #NDP2400124
Days on Market113
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
Lot Size0.65 AC / 28,314 SF
CountySan Diego County

Location

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

Building Information for 330 West I Street

Stories2Residences-Year Built1960Building Size-Lot Size0.65 AC / 28,314 SF

Payment Calculator

$81,460 per month

30 year fixed, 7.25% Interest

Principal and Interest

$76,404

Property Taxes

$5,056

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 330 West I Street

Rental Info
Rental Info
  • Tenant Pays: HVAC Maintenance
Income / Expense / Tax Details
Income Details
  • Gross Income: $17,409
  • Gross Scheduled Income: $952,627
  • Gross Spendable Income: $626,607
  • Gross Equity: $8,600,000
  • Vacancy Allowance: 28008
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $924,619
  • Net Operating Income: $626,607
  • Gross Multiplier: 16.27
  • Cap Rate: 4.04
Expense Details
  • Operating Expense: $298,012
  • New Taxes Expense: $165,091
  • Fuel Expense: $0
  • Electric Expense: $12,828
  • Insurance Expense: $12,667
  • Professional Management Expense: $36,985
  • Workmans Compensation Expense: $125
  • Trash Expense: $3,773
  • Water Sewer Expense: $2,854
  • Total Expenses: $298,012
Tax / Assessment Info
  • Tax Rate: 1.06
  • Tax Block: 172
  • Tax Tract Number: 19
  • CFD/Mello-Roos Fee: $1,636
  • Tax Lot: 258
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Gutters, Sidewalks, Storm Drains, Street Lights, Park, Watersports
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Gas & Electric Range, Gas Cooking, Gas Oven, Gas Cooktop, Gas Water Heater, Microwave, Range Hood, Recirculated Exhaust Fan, Refrigerator
  • Equipment: Community, Dishwasher, Microwave, Recirculated Exhaust Fan, Refrigerator
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Composition
  • Entry Location: 1
  • Fence: No
  • View Description: Bluff, Ocean, Water
  • Pool Features: Community, Solar Heat
  • Pool Description: Solar Heat
  • Pool: Community/Common
Land/Lot Info
  • Lot Features: 31-35 Units/Acre
  • Number Of Units: 21
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Cable Connected, Electricity Connected
  • Electric: Cable Connected, Electricity Connected, Natural Gas Available
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Uncovered Spaces: 27
  • Open Other Spaces Total: 27
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Asphalt
Unit Information
Unit 1
  • Unit Type Units Total: 21
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $935,268
  • Unit Type Total Rent: $952,677
  • Unit Type Pro Forma: 1133852
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 20
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 22
  • Number Of Separate Gas Meters: 22
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 21
  • Number With Range: 21
  • Number With Refrigerator: 21
  • Number With Disposal: 21
  • Number With Drapes: 21
  • Number With Patio: 10
  • Number Wall AC: 0

Property History for 330 West I Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 330 West I Street

Taxable ValueLand$4,395,529Additions$1,202,831Total$5,598,360
Tax Record2023$60,674 ($5,056 / month)
Home Facts
Total Finished SqFt20,125 SqFtAbove Grade Finished SqFt20,125 SqFtLot Size28,314 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningR-4:MULTIPLECountySAN DIEGOAPN258-172-19-00

Schools near 330 West I 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

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330 West I Street is a multi-family home for sale in Encinitas, CA 92024. This property was listed for sale on January 1, 2024 by Southwest Equity Partners, it's currently listed at $14,000,000. It has been on the market for a total of 113 days and was last sold on January 23, 2003. This listing's school districts are Encinitas Union Elementary School District, San Dieguito Union High School District. Nearby schools include Paul Ecke-Central Elementary School, Diegueno Middle School and La Costa Canyon High School. 330 West I Street is a 2-bed, 21-bath, 18,460 sqft multi-family home built in 1960.

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

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