Listed by Andrew Malekie•DRE #02153774• Link Brokerages, Inc.
Listed by Coby Chatwin•DRE #01998822• Link Brokerages, Inc.
Contact: 4243129552
For sale
$3,349,000
Est. $22,181/mo —
5
bd
•
5 ba
•
2,636
sq ft
720 3rd, Encinitas, CA 92024
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About this home
First time on the market in nearly 30 years, this spacious Encinitas triplex presents an extremely rare investor or potential owner-user opportunity. Ideally located just one block from the beach and within walking distance of Downtown Encinitas, the property features three separate units totaling more than 2,600 square feet. Each unit has been thoughtfully upgraded or exceptionally well-maintained, featuring quality wood or tile flooring, skylights, private balconies, incredible outdoor spaces, and beautiful city views. Additional highlights include two large carports with parking for four vehicles, two dedicated laundry areas, and generous storage throughout, including a 120 square foot shed. With additional interior upgrade potential and possible ADU opportunities, the property offers meaningful long-term upside in one of North County San Diego’s most coveted coastal communities. Properties offering this combination of location, size, and versatility are incredibly difficult to find, making this an opportunity that investors and owner-users will not want to miss.
Cardiff, located between Encinitas Boulevard and Solana Beach, is a coastal and residential Encinitas neighborhood with ocean-view bluffs and a surf-forward main drag. The neighborhood’s character concentrates along San Elijo Avenue near Birmingham Drive, where sidewalk patios, coffee counters, and small boutiques meet the salt-air pace. Low-slung beach cottages mix with Spanish-style homes and newer contemporary builds stepping up the hillsides. Cardiff State Beach and Seaside Reef set the daily rhythm with sand, tidepools, and longboard lines. The Cardiff Kook statue adds a wink of local lore along the coastal corridor. Community pillars include Seaside Market, VG Donut & Bakery, and the Cardiff Farmers Market.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Front entry
Two levels
Bedrooms
Unit A: 2 bedrooms
Unit B: 2 bedrooms
Unit C: 1 bedroom
Bathrooms
Unit A: 2 full bathrooms
Unit B: 2 full bathrooms
Unit C: 1 full bathroom
Laundry & utility
Individual laundry room
Exterior/outside laundry access
Flooring
Tile flooring
Wood flooring
Exterior features
Back yard
Has a view
No pool
Home design
Multifamily property (3 units)
Two stories
Entry on first level
Parking
Carport parking
4 total parking spaces
Two garage spaces allocated to Unit A
Two garage spaces allocated to Unit B
Construction
One building
Total building area 2,636
Utilities
Public sewer
Water: other source
Two separate water meters
Two separate gas meters
Two separate electric meters
HOA & community
Community features include biking, sidewalks, and nearby park
Financial info
Gross scheduled income $139,788
Gross operating income $136,433
Gross income $139,788
Net operating income $83,474
Operating expenses $52,958
Vacancy allowance rate 2.4%
Tenant pays gas, water, and electricity
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Lot width
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Finished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
San Diego County
APN
2581520300
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Sep 16, 2026.
D-R15
Downtown Encinitas Specific Plan-Residential 15 Zone
This zone is intended to provide for residential development, including single-family units (attached and detached), duplex units, apartment development and senior housing, with a maximum density of 15 units per 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
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 84° expected this year, 20 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Encinitas, CA • 92024
Average low and high temperatures (°F)
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72
58
68
50
66
49
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 720 3rd
$3,347,287
$1,713 under list price of $3.35M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $2.1M to $3.9M.