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    740-742 Neptune Ave

    Encinitas, CA 92024
    • $4,995,000
    • STATUS: ACTIVE
    • ON SITE: 56 days
    • ID#: 200016635
    UPDATED: 36 min ago
    $4,995,000
    • 4
      BEDS
    • 0.45
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 2,293
      SQFT
    • $2,178
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1979
    County:

    School Ratings & Info

    Description

    Variance granted for 2-4 units. https://my.matterport.com/show/?m=vwKUnuP3HT9&mls=1 Enjoy the Encinitas lifestyle from this turn-key Ocean front condo duplex. Both units have been totally updated with AC, solar, quartz counter tops, wood floors, tile floors, remodeled bathrooms, and dual pane windows. Take in the sun and surf from the two large, private stone patio with built-in BBQ and BEACH ACCESS. The panoramic ocean views will keep you relaxed and refreshed. Great rental income potential. Enjoy the Encinitas lifestyle from this turn-key Ocean front condo duplex. Both units have been totally updated with AC, solar, quartz counter tops, wood floors, tile floors, remodeled bathrooms, and dual pane windows. Take in the sun and surf from the two large, private stone patio with built-in BBQ and BEACH ACCESS. The panoramic ocean views will keep you relaxed and refreshed. Two spacious garage parking spaces in addition to over-sized driveway parking per unit, at least 8 spots total! The ground floors have a bedroom with en-suite bathroom and retractable walls and a half bath. The 2nd levels have a gourmet kitchen, living room, dining area, and master suite. Ocean views from the kitchen, living room, dining area, and ground floor.

    Monthly Payment Calculator

    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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/104941060

    740-742 Neptune Ave Encinitas, CA 92024

    • Price: $4,995,000
    • Status: ACTIVE
    • Updated: 36 min ago
    • ID#: 200016635
    4
    Beds
    4
    Baths
    0
    ½ Baths
    0.45
    Acres
    2,293
    SQFT
    $2,178
    $/SQFT
    1979
    Built
    Neighborhood:
    Leucadia
    County:
    San Diego
    Area:
    Encinitas (92024)
    Property Description
    Variance granted for 2-4 units. https://my.matterport.com/show/?m=vwKUnuP3HT9&mls=1 Enjoy the Encinitas lifestyle from this turn-key Ocean front condo duplex. Both units have been totally updated with AC, solar, quartz counter tops, wood floors, tile floors, remodeled bathrooms, and dual pane windows. Take in the sun and surf from the two large, private stone patio with built-in BBQ and BEACH ACCESS. The panoramic ocean views will keep you relaxed and refreshed. Great rental income potential. Enjoy the Encinitas lifestyle from this turn-key Ocean front condo duplex. Both units have been totally updated with AC, solar, quartz counter tops, wood floors, tile floors, remodeled bathrooms, and dual pane windows. Take in the sun and surf from the two large, private stone patio with built-in BBQ and BEACH ACCESS. The panoramic ocean views will keep you relaxed and refreshed. Two spacious garage parking spaces in addition to over-sized driveway parking per unit, at least 8 spots total! The ground floors have a bedroom with en-suite bathroom and retractable walls and a half bath. The 2nd levels have a gourmet kitchen, living room, dining area, and master suite. Ocean views from the kitchen, living room, dining area, and ground floor.
    Exterior Features

    Exterior StuccoWood/Stucco Fencing Cross FencingPartial Frontage Ocean/Bluff Frontage Dimensions In Feet 57 Lot Dimensions Approx 57X339x57x350 Parking For RV Potential Space Parking Garage Desc Unit1 Attached Parking Garage Desc Unit2 Attached Parking Garage Spaces Unit1 2 Parking Garage Spaces Unit2 2 Roof Tile/Clay Topography Bluff/Canyon Rim Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 2 Units With Patios 2 View OceanPanoramicPanoramic Ocean

    Interior Features

    Cooling Zoned Area(S) Furnished Units 2 Half Baths Unit1 1 Half Baths Unit2 1 Heat Equipment Zoned Areas Heat Source ElectricNatural Gas Stories 2 Story Total Baths Unit1 3 Total Baths Unit2 3 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Units With Cooling 2 Units With Dishwashers 2 Units With Dryers 2 Units With Fireplaces 2 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 2 Water Heater Type GasTankless

    Property Features

    Actual Cap Rate 1.0 Age Restrictions N/K Annual Expense Actual 8937 Annual Expense Projected 56000 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community Encinitas Complex Features Beach Rights Complex Park 740-742 Neptune Cross Streets Daphne Gross Rent Multiplier Actual 100.0 Gross Scheduled Income Actual 49546 Gross Scheduled Income Project 224040 Mandatory Remarks None Known Market Area Coastal North Monthly Total Fees 0 Net Operating Income Projected 168000 Other Fees 0.0 Other Income Actual 0 Pets Allowed W/Restrictions Possession Close Of Escrow Sales Restrictions N/K Security Gated Community Sewer Septic Sewer Connected Short Sale No Tenant Pays N/K Terms CashConventional Unit Number For Unit1 740 Unit Number For Unit2 742 Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 112020.0 Unit1 Rent Actual 49546.0 Unit2 Deposit 0 Unit2 Occupied Owner Unit2 Projected Rent 112020.0 Unit2 Rent Actual 0.0 Vacation Rental By Owner Yes Water Meter On Property Water District San Dieguito Water District

    Listing provided courtesy of Compass. Listing information © 2020 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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101