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273 Hillcrest Dr 7 Unit Apartment Building $5,358,819 CAD ($765,546 CAD/Unit) 5.48% Cap Rate Encinitas, CA 92024
Investment Highlights
- Great Rental Units with Little to No Vacancy!
- Leucadia, West of 5 Location!
- Private Yards and On-Site Laundry
Executive Summary
Rare opportunity in the heart of Leucadia to own (7) seven units, all located on a.4-acre flat usable lot west of Interstate 5. Over 3600 total sq. feet of living space. Units consist of (1) 2-bedrooms, 2 full baths, (2) 2-bedroom 1 full bath, (3) 1-Bedroom 1 bath and (1) studio unit. There is an oversized two car garage, covered carport, onsite laundry facility, private yards, and plenty of extra storage areas. Beautiful mature landscaping surrounds this uniquely designed building (including two cottages) providing a peaceful serene setting. All units are connected to the city sewer and there are 4 separate gas meters. Three of the units have been remodeled in the past year. Hillcrest is an ideal property with endless long term or short-term upside.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,358,819 CAD | Building Class | C |
| Price Per Unit | $765,546 CAD | Lot Size | 0.40 AC |
| Sale Type | Investment | Building Size | 3,600 SF |
| Cap Rate | 5.48% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1984 |
| Property Subtype | Apartment | Parking Ratio | 2.78/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | R8 - residential with minimum lot sizes | ||
| Price | $5,358,819 CAD |
| Price Per Unit | $765,546 CAD |
| Sale Type | Investment |
| Cap Rate | 5.48% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 3,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 2.78/1,000 SF |
| Zoning | R8 - residential with minimum lot sizes |
Amenities
Unit Amenities
- Balcony
- Yard
- Deck
- Patio
Site Amenities
- Courtyard
- Laundry Facilities
- Storage Space
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 3 | - | - |
| 2+1 | 2 | - | - |
| 2+2 | 1 | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 254-101-41 | Total Assessment | $3,644,505 CAD |
| Land Assessment | $3,134,276 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $510,230 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
254-101-41
Land Assessment
$3,134,276 CAD
Improvements Assessment
$510,230 CAD
Total Assessment
$3,644,505 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Videos
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Photos
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273 Hillcrest Dr
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