Fantastic investment opportunity in the high-demand rental market of coastal Encinitas. Front unit offers 2 beds/1 bath. Back unit features 3 beds/2 baths & peek ocean view from master suite balcony. Each unit has 1 car garage that separates units - no shared walls! Extra parking. Poised for full renovation. Ready to remodel for investment property, or build your dream home! Large 1/5 acre lot on west side of Arcadia in Avocado Acres. Walk to schools, parks. Short drive to downtown Encinitas, beaches.
Opportunity awaits: owner occupy, buy with a partner, or do long- or short-term rentals for awesome cashflow! Each unit has its own one-car garage with washer/dryer hook-ups, and its own fenced yard. The garages separate the units, so no shared walls - feels like detached! The large driveway offers ample parking, plus one space at street level. New fencing. Water on one shared meter. Electric/gas on individual unit meters. Tenants pay all utilities including water & trash. LOCATION, LOCATION, LOCATION! Only ½ mile to Scripps Encinitas. Easy access to I-5. Bike 1 mile to Swami’s, or drive 5 minutes to the 101 and downtown Encinitas: beaches, restaurants, farmers markets, yoga studios, boutiques. Short walk to Ocean Knoll Elementary, San Dieguito Academy, Encinitas Community Park, and Ada Harris Park. Served by highly-rated Encinitas Union and San Dieguito Union School Districts. See attached Zoning Report.
Multi-familyProperty Type
1962Year Built
9,257 sq ftLot Size
$774Est. Price/Sq.Ft.
1 spaceParking
Listed by Mylene Merlo•DRE #01916600• Richard Realty Group, Inc
•760-637-7231 (agent)
Bought with Mark Henning•DRE #01047749• Berkshire Hathaway HomeService
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
4
Baths
2
Stories
—
Lot width
—
Lot depth
—
Lot size
10,454 Sq. Ft.
Year renovated
1962
Sq. Ft.
2,641
Year built
1962
Style
Multi-Family (2-4 Unit)
County
San Diego County
APN
2582732900
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 20, 2026.
R11
Residential 11 Zone
Residential 11 is intended to provide for a variety of residential development types found within the coastal areas, ranging from single-family detached units to single-family attached units, such as condominiums, townhouses, and senior housing. The minimum lot size is 3,950 net square feet and the maximum density is 11 units per net acre.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Infrastructure
Educational/school
Housing-Mobile home park
Property details
Interior
Virtual Tour
Heating & Cooling
Heat Source: Electric
Heat Equipment: Wall/Gravity
Multi-Unit Information
# of Units: 2
# of Units With Dryers: 1
# of Units With Fireplaces: 1
# of Units With Garage: 2
# of Units With Patios: 1
# of Units With Range/Oven: 2
# of Units With Refrigerator: 2
# of Units With Washers: 1
Annual Expense (Actual): $14,602
Annual Expense (Projected): $14,602
Net Operating Income (Actual): $26,918
Net Operating Income (Projected): $33,398
Gross Scheduled Income (Projected): $48,000
Tenant Pays: Trash, Water, Cable TV, Electricity, Gas/Propane, Hot Water