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1353 N Vulcan Ave

Encinitas, CA 92024
  • $6,900,000
  • STATUS: ACTIVE
  • ON SITE: 14 Days
  • ID#: 250020930
UPDATED: 99 min ago
$6,900,000
  • 5
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Rare opportunity to acquire a collection of stunning apartments in the sought-after coastal enclave of Encinitas, San Diego County. Just blocks from Beacons Beach and surrounded by trendy wine bars, top-rated restaurants, and charming coffee shops, this exceptional property offers an unbeatable coastal lifestyle. Tenants enjoy year-round ocean breezes and abundant outdoor activities, including walking, biking, surfing, and paddle boarding. This well-maintained 12-unit building features a mix of spacious layouts: (2) 2BR/2BA units – 883 SF (2) 2BR/1BA units – 830 SF (8) 1BR/1BA units – 650 SF All units have been thoughtfully upgraded since 2019, including new dual pane windows, luxury vinyl flooring, maple cabinetry, modern kitchens and more. Upstairs units feature private balconies, while downstairs units offer large patios. The property is situated on an oversized nearly 17,000 SF lot with potential to add additional detached units through SB1211 (buyer to investigate). Additional amenities include a communal BBQ area, secure bike and surfboard storage, outdoor shower, and a spacious off-street parking lot. This is a rare opportunity to invest in the highly desirable, high-demand coastal North San Diego County rental market.

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San Diego MLS logo 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 © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.coastalhomesbytiffany.com/homes/161234856
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1353 N Vulcan Ave Encinitas, CA 92024

  • Price: $6,900,000
  • Status: ACTIVE
  • On Site: 14 Days
  • Updated: 99 min ago
  • ID#: 250020930
5
Beds
4
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Encinitas (92024)
County:
San Diego
Area:
Encinitas (92024)
Property Description
Rare opportunity to acquire a collection of stunning apartments in the sought-after coastal enclave of Encinitas, San Diego County. Just blocks from Beacons Beach and surrounded by trendy wine bars, top-rated restaurants, and charming coffee shops, this exceptional property offers an unbeatable coastal lifestyle. Tenants enjoy year-round ocean breezes and abundant outdoor activities, including walking, biking, surfing, and paddle boarding. This well-maintained 12-unit building features a mix of spacious layouts: (2) 2BR/2BA units – 883 SF (2) 2BR/1BA units – 830 SF (8) 1BR/1BA units – 650 SF All units have been thoughtfully upgraded since 2019, including new dual pane windows, luxury vinyl flooring, maple cabinetry, modern kitchens and more. Upstairs units feature private balconies, while downstairs units offer large patios. The property is situated on an oversized nearly 17,000 SF lot with potential to add additional detached units through SB1211 (buyer to investigate). Additional amenities include a communal BBQ area, secure bike and surfboard storage, outdoor shower, and a spacious off-street parking lot. This is a rare opportunity to invest in the highly desirable, high-demand coastal North San Diego County rental market.
Exterior Features

Exterior Fully Landscaped Parking Spaces

Interior Features

Sq Ft Of Improvement 8708

Property Features

Actual Cap Rate 3.4 Actual Gross Operating Income 355383 Actual Gross Scheduled Income 366374.0 Actual Operating Expense 120680 Actual Vacancy And Credit Loss 10991 Assumable Finance 0 Buildings 1 Complex Features None Gross Equity 0 Gross Multiplier 18.84 Have NA Mandatory Remarks None Known Market Area Coastal North Motive Want Sell Projected Cap Rate 5.02 Projected Gross Multiplier 14.19 Projected Gross Operating Inc 471758 Projected Gross Scheduled Inc 486349 Projected Net Income 346423 Projected Operating Expense 125335 Projected Vacancy And Credit Loss 14590 Short Sale No Unit Number1 8 Unit Number2 2 Unit Number3 2

San Diego MLS logo Listing provided courtesy of Corey Mchenry of David Santistevan: 619-565-0179. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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Tiffany Torgan | Prestige Properties Enterprises
7855 Ivanhoe Ave. Suite 210
La Jolla CA, 92037