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Bob Adams

Bob Adams

RE/MAX Associates
San Diego, CA 92128

858-484-6865
Contact Me
CA BRE#00683256

Contact Me





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Listing 20 out of 75
$3,250,000 For Sale

711, 713a, 713b Dewitt Avenue
Encinitas, CA 92024

3 units | Multi Family 2-4 - MLS# 190000623
Property Photo
1/25

Description

Location!! Rare investment opportunity. Prime Ocean View Triplex in the Heart of Encinitas. Main units both with unobstructed panoramic ocean views. Premium upgrades. Great tenants. Sky is the Limit for short term rental income! Walk to town, beach, rail/bus, library, restaurants, shopping, hospital and parks. Live in one and rent others. Modify into a SFR. Accessory unit in back with private patio. Do not go on property! No sign. Shown with accepted offer. 4150 Sq Ft. 5 parking spaces and 1 Garage., Units always maintained. High end upgrades. Newer dual pane windows throughout. Main units are stacked. 711 (3 Bd. 3 Ba.) is under and forward off street. 713 A (3 Bd. 2 Ba. is up over and back off alley. 713 B is off alley with private patio. 711 has great ocean views, a small private yard, a back patio, multiple entry points and a huge family room / artist studio. Ocean view En Suite master bedroom with Jacuzzi tub and fireplace. Large front lanai. Granite, natural stone, stainless steel etc. Private laundry. 713 A has an awesome ocean and sunset views (into the water 365 days from Dana Point to San Clemente Island). 40 ft by 12 ft. Lanai, an entertainers dream. En Suite master with ocean views. Peninsula fireplace and wet bar. Plank wood flooring. Granite counters, SS appliances. New furnace. Finished attached garage with storage. In unit and garage laundry hookups. COMPS: 1301 Cornish $900/ft 3/18: 32-34 E I Street $1,170/ft. 6/18: 802-804 Dewitt Ave $809/ft. 9/16 : 729-731 Neptune $733/ft. 10/18 : 775-777 Neptune $791/ft. 1/17 No view. : 1333 Cornish $1,021/ft. 12/16 : Just pending 777-793 2nd Street (2 parcels) asking $3.5m : 721 Dewitt next door neighbor on R-2 sold as SFR 2/17 for $3.0m, 2,926 sq ft , 1,025/ft.

Features

  • Property Type: Multi Family 2-4
  • Sub Type: Multi Family 2-4
  • Listing Status: Active
  • County/Area: San Diego County
  • Zip Code: 92024
  • Year Built: 1978
  • Subdivision/Neighborhood: Downtown
  • Elementary School: http://www.eusd.k12.ca.us/, Encinitas Union School District
  • Middle School: http://www.sduhsd.net/, San Dieguito High School District
  • High School: San Dieguito High School District, http://www.sduhsd.net/
  • Units: 3 units
  • View: Ocean, Panoramic, Panoramic Ocean
  • Zoning: R-2
  • # Units w/Dishwashers: 3
  • # of Buildings: 1
  • # of Units w/Dryers: 2
  • # of Units w/Fireplaces: 2
  • # of Units w/Garage: 1
  • # of Units w/Patios: 3
  • # of Units w/Range/Oven: 3
  • # of Units w/Refrigerator: 3
  • # of Units w/Washers: 2
  • Additional Property Use: ORMKS
  • Annual Expense Actual: 13600
  • Cap Rate Actual: 3.5
  • Cap Rate Projected: 4.7
  • Community: Encinitas
  • Fencing: Full
  • Gross Rent Multiplier Act: 28.96
  • Gross Rnt Multiplier Proj: 21.5
  • Gross Sched Income Actual: 112200
  • Gross Sched Income Proj.: 151200
  • Heat Equipment: Fireplace, Forced Air Unit
  • Heat Source: Electric, Natural Gas
  • Listing Area: ENCINITAS (92024)
  • Lot Dimensions: 50 x 100
  • Lot Size Area: 4, 000-7, 499 SF
  • Lot SqFt: 5000
  • Parking Garage Unit 2: Attached
  • Parking Non-Garage Unit 1: Assigned
  • Parking Non-Garage Unit 2: Assigned
  • Parking Non-Garage Unit 3: Assigned
  • Pets: Yes
  • Roof: Composition, Rolled/Hot Mop
  • Sewer/Septic: Septic Installed
  • Siding: Stucco
  • Tenant Pays: Cable TV, Electricity, Gas/Propane
  • Terms: Conventional
  • Unit # for Unit 1: 711
  • Unit # for Unit 2: 713A
  • Unit # for Unit 3: 713B
  • Unit 1 # Bedrooms: 3
  • Unit 1 # Total Baths: 3
  • Unit 1 # of Full Baths: 3
  • Unit 1 Deposit: 4450
  • Unit 1 Estimated SqFt: 2000
  • Unit 1 Exclusive Use Yard: Yes
  • Unit 1 Laundry Hook Ups: Yes
  • Unit 1 Projected Rent: 4500
  • Unit 1 Rent Actual: 4200
  • Unit 2 # Bedrooms: 3
  • Unit 2 # Total Baths: 2
  • Unit 2 # of Full Baths: 2
  • Unit 2 Deposit: 3500
  • Unit 2 Estimated SqFt: 1650
  • Unit 2 Laundry Hook Ups: Yes
  • Unit 2 Projected Rent: 4250
  • Unit 2 Rent Actual: 3675
  • Unit 3 # Bedrooms: 1
  • Unit 3 # Total Baths: 1
  • Unit 3 # of Full Baths: 1
  • Unit 3 Deposit: 1325
  • Unit 3 Estimated SqFt: 500
  • Unit 3 Exclusive Use Yard: Yes
  • Unit 3 Projected Rent: 1600
  • Unit 3 Rent Actual: 1475
  • Water: Meter on Property
  • Water District: San Dieguito Water District
  • Water Heater Type: Gas
Courtesy of Pacific Homes



Bob Adams | 858-484-6865 | Contact Me
16787 Bernardo Center Dr Suite 6 - San Diego, CA 92128
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