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631 3rd St

2 Unit Apartment Building $4,650,000 ($2,325,000/Unit) Encinitas, CA 92024

Investment Highlights

  • Coastal Location
  • Walkability and Foot Traffic
  • Ample Parking 7 Private and Unlimited Street
  • Mixed Use
  • Near Top Encinitas Shops and Restaurants
  • Turn-Key Property

Executive Summary

SELLER FINANCING AVAILABLE! Discover this remarkable mixed-use property, ideally just a block from the beach and two blocks from the charming downtown Encinitas. This modern architectural gem, built in 2005, offers an unparalleled location and a captivating design. Boasting vaulted and exposed wood and steel ceilings, the building combines contemporary elegance with a spacious, airy atmosphere. It includes three well-appointed office spaces, ideal for businesses seeking a prime location, and a beautifully designed two-bedroom plus den apartment that provides an opulent living space, perfect for those who want to enjoy the beach lifestyle. Expansive patios on both the 1st and 2nd floors maximize the property’s indoor/outdoor living atmosphere, offering the perfect setting for relaxation and entertainment. Built to the highest standards, this property ensures modern amenities and a stylish, durable design—a two-car garage with an additional carport and uncovered parking spaces. Just a block away from pristine beaches and a short two-block stroll to the heart of downtown Encinitas, with its vibrant dining, shopping, and entertainment options. Across the street, Pacific View Art Center opens in August 2024 and will house: Visual Arts, Literary Arts, Performing Arts, music, and much more, this unique property offers the best of coastal living and urban convenience.

Attachments

6313rdOM (1)

Property Facts

Price $4,650,000
Price Per Unit $2,325,000
Sale Type Investment or Owner User
Sale Conditions
1031 Exchange
  • Build to Suit
No. Units 2
Property Type Multifamily
Property Subtype
Apartment
  • OfficeLoft Creative Space
  • Office Industrial Live Work Unit
Apartment Style Low Rise
Building Class B
Lot Size 0.12 AC
Building Size 5,600 SF
No. Stories 2
Year Built 2005
Parking Ratio 2.55/1,000 SF

Site Amenities

  • 24 Hour Access
  • Courtyard
Walk Score®
Very Walkable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
258-165-13
Land Assessment
$1,530,000
Improvements Assessment
$2,448,000
Total Assessment
$3,978,000

zoning

Zoning Code D-OM (Office Mixed)
D-OM (Office Mixed)
  • Listing ID: 32546466

  • Date on Market: 7/22/2024

  • Last Updated:

  • Address: 631 3rd St, Encinitas, CA 92024

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