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Listing Details

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Description

Set back on a Palm Tree-Lined Street among Boutique Offices and Luxury Mixed-Use Projects, 740 & 748 N Coast Hwy 101 Offers a Unique Opportunity to Acquire Two Contiguous Parcels Primed for a Trophy Development Project. Located just West of Interstate 5 in Encinitas, CA, the Offering is Comprised of Two Parcels with a Total Lot Size of 9,151 Square Feet. Currently, 740-742 N Coast Hwy comprises Two (2) Renovated One-Bedroom/One-Bathroom Units above Two (2) Single Car Garages. 748 N Coast Hwy 101 is comprised of a 2 Bedroom 1 Bathroom Single Family Home. All tenants are on Month-To-Month Agreements and the Property Generates $5,700 per Month in Rental Income. The Property Zoning is N-CM-1 which allows Both Commercial and Residential Uses. The Property Offers Investors a Solid Base for Future Development in One of San Diego’s Premier Zip Codes while Capitalizing on the Rents this Location Currently Produces.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
www.sunluxrealestate.com/homes/114677398
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740 & 748 N Coast Highway 101 , #2 Encinitas, CA 92024

  • Price: $3,400,000
  • Status: ACTIVE
  • Updated: 68 min ago
  • ID#: 210005485
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Beds
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Baths
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½ Baths
0.21
Acres
Neighborhood:
Encinitas
County:
San Diego
Area:
Encinitas (92024)
Property Description
Set back on a Palm Tree-Lined Street among Boutique Offices and Luxury Mixed-Use Projects, 740 & 748 N Coast Hwy 101 Offers a Unique Opportunity to Acquire Two Contiguous Parcels Primed for a Trophy Development Project. Located just West of Interstate 5 in Encinitas, CA, the Offering is Comprised of Two Parcels with a Total Lot Size of 9,151 Square Feet. Currently, 740-742 N Coast Hwy comprises Two (2) Renovated One-Bedroom/One-Bathroom Units above Two (2) Single Car Garages. 748 N Coast Hwy 101 is comprised of a 2 Bedroom 1 Bathroom Single Family Home. All tenants are on Month-To-Month Agreements and the Property Generates $5,700 per Month in Rental Income. The Property Zoning is N-CM-1 which allows Both Commercial and Residential Uses. The Property Offers Investors a Solid Base for Future Development in One of San Diego’s Premier Zip Codes while Capitalizing on the Rents this Location Currently Produces.
Exterior Features

Fencing N/K Frontage N/K Irrigation N/K Topography Level

Property Features

Additional Property Use N/K Age Restrictions N/K Cfd Mello Roos Fee 0.0 Community Encinitas Cross Streets Europa Mandatory Remarks None Known Monthly Total Fees 0 Occupied Tenant Other Fees 0.0 Sales Restrictions N/K Short Sale No Terms CashConventional Utilities Available ElectricNatural Gas Utilities To Site N/K Water Available Water District San Dieguito Water District Zoning Commercial

Listing provided courtesy of South Coast Commercial, Inc.. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
 
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