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$4,100,000   Price Analysis
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273 Hillcrest Dr
Encinitas, CA 92024
9 bed 8 bath 3,600 SqFt ($1138/SqFt)
0.4 acre lot. Built 1984
Listed 2024-05-24, Taxes $29,404
Ⓧ USDA Ineligible
due to price & location

near Encinitas

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 carprt, 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 infinite long term or short-term upside.


Presented by David Miller at
Swell Property.
Listing Agent Photo

Property MLS #NDP2404542 from CRMLS

Bedrooms: 9

Laundry Features: Common Area, Community

Full Bathrooms: 8

Carport Spaces: 2
Garage Spaces: 2
Parking Total: 12

Lot Description: Back Yard, Front Yard, Rectangular Lot, Yard
Lot Size Acres: 0.4
Lot Size Dimensions: 121x145
Lot Size Source: Assessor
Lot Size Square Feet: 17424

Number of Units: 7
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1

Calculated Total Monthly Association Fees: 0

Number of Units Leased: 7

Community Features: Park

Source Listing Status: Active
County: San Diego
Cap Rate: 4.69
Source Property Type: Residential Income
Area: 92024 - Encinitas
Source Neighborhood: 92024 - Encinitas
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 1
Parcel Number: 2541014100
Zoning: R8
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$357,000 + $2,193,000
$2,550,000
$29,404
2022$350,000 + $2,150,000
$2,500,000
$28,656
2021$332,391 + $100,557
$432,948
$6,697
2020$328,983 + $99,526
$428,509
$6,466
2019$322,533 + $97,575
$420,108
$6,368
2018$316,209 + $95,662
$411,871
$6,275
2017$310,009 + $93,787
$403,796
$6,191
2016$303,931 + $91,949
$395,880
$6,080
2015$299,366 + $90,568
$389,934
$5,861
2014$293,502 + $88,794
$382,296
$5,635
2013$292,176 + $88,393
$380,569
$5,547
2012$286,448 + $86,660
$373,108
$5,331
2010$280,832 + $84,961
$365,793
$5,225
2009$279,397 + $84,528
$363,925
$5,112
2009$278,734 + $84,327
$363,061
$5,112
2008$273,919 + $82,871
$356,790
$4,922
2007$268,549 + $81,247
$349,796
$4,752

Price Changed 2024-07-31
$4,100,000
CRMLS
Price Changed 2024-07-16
$4,199,000
CRMLS
Price Changed 2024-06-18
$4,299,000
CRMLS
Listed 2024-05-24
$4,495,000
CRMLS
Listing removed 2023-12-02
$0
CRMLS
Price Changed 2023-10-25
$4,585,000
CRMLS
Listed 2023-08-25
$4,615,000
CRMLS
Sold 2021-11-23
$2,500,000
Public Record

Net Operating Income: 210651.00

Total Square Feet Living: 3600
Year Built: 1984
Building Features: 3
Common Walls: 2+ Common Walls, End Unit
Entry Level: 1
Entry Location: 1
Property Age: 40
Property Attached: Yes
Building Total Stories: 2
Year Built Source: Assessor

Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00

Capri Elementary School is a public elementary school located approximately 0.8 miles away.
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Diegueno Middle School is a public middle school located approximately 3.7 miles away.
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La Costa Canyon High School is a public high school located approximately 4.2 miles away.
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Intelligent Choice Educational Center is a private middle and high school located approximately 0.3 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.