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Sold on 07/17/2024
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843 4th St, Encinitas, CA 92024

$6,930,000

Last sold 07/17/2024 after 40 Days

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 843 4th St

Property type Multi-family
Neighborhood
Year built 1968
HOA fee $0/month
Lot size 10,454 Sqft
Parking 6 garage spaces
Rental estimate
Property description
Wonderful 10 unit complex in one of the most desirable places in San Diego County: Downtown Encinitas. 1 property back from bluff, short walk to 30+ restaurants, beach, La Paloma Theater, Banks, Yoga studios, churches, train and bus stations etc. Solid rental area with upside to be realized by adding washer / dryer units to interiors and raising rents to market in this income property. Ideal unit mix: 8 - 1,000 sf 2Br / 2 Ba units, 2 - 750 sf 1Br / 1 Ba - 2 story Townhome style units. Also perfect situation to add 2 studio or 1 Br ADU's by converting garages, and increase income approx. $65k+ a year. Please be discrete and do not bother or talk to Residents.
Listed by
Listing Agent - Will Creagan
Listing Agent Contact: Willc@southwestep.com
Listing Office - Southwest Equity Partners
Source: CRMLS mls logo
MLS#NDP2405056 • last updated 2 years ago
Movoto checked CRMLS for data 6 minutes ago
Overview
Type Residential Income
Status Closed
Lot Size (Acres) 0.24
Lot Size (SqFt) 10454
Year Built 1968
Interior
Laundry Common Area
Exterior
Building Area 10580
# Uncovered Spaces 10
# Parking Spaces 16
# Garage Spaces 6
Lot Description 36-40 Units/Acre, Landscaped
Amenities / Utilities
Sewer/ Septic Public Sewer
Pool None
Location
County San Diego
Community Features Storm Drains, Street Lights, Watersports
Neighborhood Downtown Encinitas
Zoning D-R15
Directions I-5 To Encinitas Blvd West South (Left) On Highway 101 West / (Right) On H Street O Top Of The Hill / Bluff North / (Right) On 4th St. Property Is On The Right.
APN 2581711000
Multifamily Details
Vacancy Allowance Rate 4
Expense: Trash 3984
Operating Expense 132689
Cap Rate 3.73
Expense: Insurance 4297
Total Expenses 132689
Expense: Maintenance 10000
Expense: Water/ Sewer 2376
Gross Income 412550
Gross Operating Income 412550
Expense: Electric 3024
Gross Multiplier 17.46
Gross Scheduled Income 429732
Expense: Gardener 3240
Rental est.: $2,460/month
Gross rent multiplier: 234.7
  • Jul 2024
    mls logo MLS # NDP2405056
  • Jul 18, 2024 Sold
    $6,930,000
  • Jun 26, 2024 Active
    —
  • Jun 7, 2024 Listed
    $7,500,000
  • Jul 2024
    Public Records
  • Jul 17, 2024 Sold
    $6,930,000 (-7.6%)
  • Year Property taxes Tax assessment
  • 2024
    $4,744 +6.0%
    $309,518 +2.0%
  • 2023
    $4,476 -4.7%
    $303,450
  • 2022
    $4,696 +9.0%
    $303,450 +4.04%
  • 2021
    $4,308 +2.8%
    $291,668 +1.04%
  • 2020
    $4,191
    $288,678
  • 843 4th St
    $6.93M
  • Cardiff
    $1.79M -7% y/y
  • 92024
    $1.8M -8% y/y
  • Encinitas
    $1.81M -8% y/y
No chart available
Statistics calculated by Movoto

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7/10
Diegueno Middle School
public Grades 7-8
San Dieguito Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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