Moonlight Village 215 Lolita St 1095 Unit Apartment Building $4,129,925 CAD ($3,772 CAD/Unit) 3.61% Cap Rate Encinitas, CA 92024

Authentic coastal character, walk-to-beach location, and income from day one! 215-223 Lolita Street is the rare gem that captures the soul of old Encinitas. This five-unit coastal income property sits just three blocks, or 0.2 miles, from the sand of Moonlight Beach. Whether you're an investor seeking a turnkey opportunity or an owner-occupant craving the beach lifestyle, this one checks every box.
The building consists of four cozy one-bedroom units and one charming studio with a loft, a versatile mix that appeals to a wide range of tenants and keeps vacancy low in this perpetually sought-after coastal market.
The current ownership has invested heavily in the fundamentals. The entire property has been re-piped with hardline galvanized pipes, new roof vents installed, and every unit equipped with a new heater. A new commercial-grade water heater serves the building, and the studio features a fully remodeled bathroom giving the next owner true peace of mind.
A comprehensive renovation in 2010 modernized the interiors throughout, including remodeled kitchens and bathrooms, upgraded plumbing and electrical, sound insulation between each unit, and beautiful bamboo flooring, all hallmarks of a well-loved, well-maintained property.
Income properties just a short stroll to the sand in Encinitas are as coveted as they are scarce, don't let this one slip by!
****REACH OUT TO CHELSEA TAYLOR DIRECTLY AT (760) 331-7417 or email CHELSEA@CHELSEATAYLORPROPERTIES.COM