1046-48 Neptune Ave
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1046-48 Neptune Ave
2 Unit Apartment Building $7,850,000 ($3,925,000/Unit) Encinitas, CA 92024
Investment Highlights
- Ocean Front Home with Additional Unit
- Great Surfing Spot
- Wonderful Sunsets & Stairs to the Sand
Executive Summary
First time on the market, here is your opportunity to enjoy endless panoramic ocean views, beautiful sunsets, nice ocean breezes, and daily dolphin shows from the comfort of your ocean front living room. This spectacular home was designed, built, and has been lovingly cared for by legendary surfer and waterman Kit Horn and his wife Gwen. Kit, known for being a big wave surfing pioneer in California and Hawaii, chose this place to call home and raise his family. Gwen designed this unique “New England Cape Cod Style” ocean front home, which has private stairs down a gently sloping bluff to the beach. Nearly a quarter acre, this property offers 50 feet of beach frontage. The main level of the home is highlighted by an oversized great room with breathtaking ocean views on one side and a beautiful rock fireplace on the other flanked by wood bookshelves. There is an additional fireplace located in the kitchen/breakfast eating area. The expansive primary bedroom that measures 40’ x 16’ offers a fireplace, wood ceiling that peaks at 13’ high, and multiple sliders leading to your expansive deck looking west. The second floor also included a large primary bath and secondary bedroom. The wood ceilings and skylights add to this distinctive home. Included with this home is an oversize additional unit with a fireplace, full kitchen, and tall wood ceiling. Both units are under the same roof so this could be reconfigured easily to join the main house. This beautiful home is positioned over-looking the Beacons “North Reef” surf break and is near the vibrant 101 Corridor with numerous outstanding restaurants, pubs, and eclectic shops. You’ll enjoy long strolls on the sand, surfing fun waves, and countless sunsets. Living here makes you never want to leave home.
Property Facts
Price | $7,850,000 | Building Class | C |
Price Per Unit | $3,925,000 | Lot Size | 0.21 AC |
Sale Type | Investment | Building Size | 3,421 SF |
No. Units | 2 | No. Stories | 2 |
Property Type | Multifamily | Year Built | 1974 |
Property Subtype | Apartment | Parking Ratio | 0.88/1,000 SF |
Apartment Style | Single Family Home |
Price | $7,850,000 |
Price Per Unit | $3,925,000 |
Sale Type | Investment |
No. Units | 2 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Single Family Home |
Building Class | C |
Lot Size | 0.21 AC |
Building Size | 3,421 SF |
No. Stories | 2 |
Year Built | 1974 |
Parking Ratio | 0.88/1,000 SF |
Unit Amenities
- Balcony
- Dishwasher
- Fireplace
- Washer/Dryer
- Kitchen
- Refrigerator
- Views
- Breakfast Nook
- Built-In Bookshelves
- Deck
- Dining Room
Site Amenities
- Controlled Access
- Courtyard
- Laundry Facilities
- Waterfront
- Guest Apartment
- Trash Pickup - Curbside
- Dock
- Sundeck
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
3+3.5 | 2 | - | 3,421 |
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Walk Score ®
Very Walkable (81)
zoning
Zoning Code | R-2 (Ocean Front Duplex R11) |
R-2 (Ocean Front Duplex R11) |
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1046-48 Neptune Ave
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