Joe McLaughlin / Broker Associate

My Office Listings

740-742 Neptune Ave
Coastal North Encinitas 92024

$4,995,000
2-4 Units 19,519 sq. ft. built: 1979

Main Photo: ENCINITAS Property for sale: 740-742 Neptune Ave
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Status:
Active
Prop. Type:
2-4 Units
MLS® Num:
200016635
Year Built:
1979
Variance granted for 2-4 units. https://my.matterport.com/show/?m=vwKUnuP3HT9&mls=1 Enjoy the Encinitas lifestyle from this turn-key Ocean front condo duplex. Both units have been totally updated with AC, solar, quartz counter tops, wood floors, tile floors, remodeled bathrooms, and dual pane windows. Take in the sun and surf from the two large, private stone patio with built-in BBQ and BEACH ACCESS. The panoramic ocean views will keep you relaxed and refreshed. Great rental income potential.
Total Floor Area:
19,519 sq. ft.
Lot Size:
.25 to .5 AC
Number of Buildings:
1
Number of Units:
2
Year Built:
1979
Stories:
2 Story
Total Stories:
2
Market Area:
Coastal North
Community:
ENCINITAS
County:
San Diego
Neighborhood Code:
Leucadia
Name of Complex/Subdivision:
740-742 Neptune
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Tenant pays:
N/K
Projected net operating income:
168000
Other income:
0
Annual expense actual:
8937
Projected annual expense:
56000
Cap Rate.:
1.0
Gross Rent Multiplier:
100.0
Gross scheduled income:
49546
Projected gross scheduled income:
224040
Unit Number for Unit 1:
740
Finished Area for Unit 1:
1,074 sq. ft.
Bedrooms for Unit 1:
2
Number of bathrooms for Unit 1:
3
Full Bathrooms for Unit 1:
2
Half Bathrooms for Unit 1:
1
Deposit for Unit 1:
0.0
Total Rent for Unit 1:
49546.0
Projected Rent for Unit 1:
112020.0
Total Garage Spaces for Unit 1:
2
Garage for Unit 1:
Attached
Unit 1 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 1:
Yes
Unit Number for Unit 2:
742
Finished Area for Unit 2:
1,219 sq. ft.
Bedrooms for Unit 2:
2
Number of bathrooms for Unit 2:
3
Full Bathrooms for Unit 2:
2
Half Bathrooms for Unit 2:
1
Deposit for Unit 2:
0.0
Total Rent for Unit 2:
0.0
Projected Rent for Unit 2:
112020.0
Total Garage Spaces for Unit 2:
2
Garage for Unit 2:
Attached
Unit 2 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 2:
Yes
Number of bathrooms for Unit 3:
0
Number of bathrooms for Unit 4:
0
Enjoy the Encinitas lifestyle from this turn-key Ocean front condo duplex. Both units have been totally updated with AC, solar, quartz counter tops, wood floors, tile floors, remodeled bathrooms, and dual pane windows. Take in the sun and surf from the two large, private stone patio with built-in BBQ and BEACH ACCESS. The panoramic ocean views will keep you relaxed and refreshed. Two spacious garage parking spaces in addition to over-sized driveway parking per unit, at least 8 spots total! The ground floors have a bedroom with en-suite bathroom and retractable walls and a half bath. The 2nd levels have a gourmet kitchen, living room, dining area, and master suite. Ocean views from the kitchen, living room, dining area, and ground floor.
Daphne
Complex Features:
Beach Rights
Lot Details:
57x339x57x350
Frontage:
57'
Exposure Front:
Ocean/Bluff
Exterior Features:
Stucco, Wood/Stucco
View:
Ocean/Bay, Panoramic, Panoramic Ocean
Directions:
Take Leucadia west, south on the 101, west on Daphne, north on Neptune
Cooling:
Zoned Area(s)
Heating:
Zoned Areas
Heating fuel:
Electric, Natural Gas
Number of Units with Cooling:
2
Number of Units with Dishwashers:
2
Number of Units with Dryers:
2
Number of Units with Fireplaces:
2
Number of Furnished Units:
2
Number of Units with Garages:
2
Number of Units with Patios:
2
Number of Units with Range/Oven:
2
Number of Units with Refrigerators:
2
Number of Units with Washers:
2
Roof:
Tile
RV Parking:
Potential Space
Sewer Septic:
Sewer Connected
Water district:
SAN DIEGUITO WATER DISTRICT
Water Heater Type:
Gas, Tankless
Water supply:
Meter on Property
Security:
Gated Community
Fencing:
Cross Fencing, Partial
Topography:
Bluff/Canyon Rim
Short Sale:
No
Listing Type:
Exclusive Right (R)
Age Restrictions:
N/K
Sales Restrictions:
N/K
Terms:
Cash, Conventional
Pets:
Allowed w/Restrictions
Parcel Number:
256-021-06-00
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Larger map options:
Data was last updated May 26, 2020 at 01:10 AM (UTC)
Area Statistics
Listings on market:
28
Avg list price:
$2,412,500
Min list price:
$721,000
Max list price:
$5,696,600
Avg days on market:
90
Min days on market:
6
Max days on market:
1,136
Avg price per sq.ft.:
$341.16
These statistics are generated based on the current listing's property type and located in Coastal North. Average values are derived using median calculations.