See all 58 photos

$5,799,000

Est. payment - /mo

Save Video Tour

3,840 SqFt

Active Under Contract

1629 1631 Neptune AVE Encinitas, CA 92024

Save Video Tour

In-PersonVirtual Tour

Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

09/30/2024 05:41 PM

Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,840 sqft

Price per Sqft $1,510

MLS Listing ID NDP2404242

HOA Y/N Yes

Year Built 1978

Lot Size 6,006 Sqft

Lot Dimensions Public Records

Property Description

Welcome to 1629-1631 Neptune Ave, two remarkable turn-key ocean view homes that offer the epitome of coastal lifestyle, combined with an excellent investment opportunity. Please dive into the 3D matter port VIRTUAL TOUR to experience the exceptional layout! Video Tour also available! 2 properties with 2 distinct APN's being sold together. Price is for both units. This unique property offers potential owners the rare chance to own a piece of the coveted ocean view lifestyle, with the added advantage of a versatile living arrangement, cashflow and equity upside. All furniture and personal property convey! Each unit is a gem in its own right, featuring a primary living space with ocean views, alongside a junior units with separate entry. The junior units can flow seamlessly with primary units or can be closed off to cater to a variety of living situations. Capitalize on both for a mix of rental income and Neptune equity appreciation, this property does it all with unmatched flexibility. The views from 1629-1631 Neptune Ave are nothing short of spectacular, offering residents a stunning panorama of the ocean's majesty. The property sits merely steps away from Grandview Beach, making it a haven for beach and ocean lovers. The bustling Neptune Avenue presents a delightful tableau of everyday coastal life that becomes a source of entertainment in itself. The avenue buzzes with an eclectic mix of people, from joggers and dog walkers to cyclists and surfers, creating a vibrant, lively atmosphere that embodies the essence of beachside community living. Each unit is exceptionally appointed, boasting high-quality finishes and furnishings throughout, and each comes with it's own washer dryer. There is a large separate laundry and storage room as well. Currently utilized as a vacation rental business, this property comes with a proven track record of profitability, with all financials ready to be presented to potential buyers, and future cash flow already booked! All personal property conveys to the new owner, and presents a truly unique, turn-key business opportunity. The level of care and attention is exceptionally rare and ensures that the transition to new ownership will be as seamless as possible, allowing you to enjoying the property and/or generate income immediately. Weather it will be you or your guests, 1629-1631 Neptune Ave offers experiences where the beauty of nature meets the comfort of luxury living. It's an invitation to wake up every day to breathtaking ocean views, to stroll mere steps to the sand, and to be a part of a vibrant community that appreciates the outdoors and all it has to offer. This property is a rare find; an amazing investment opportunity coupled with a lifestyle choice that promises endless possibilities.

Location

State CA

County San Diego

Area 92024 - Encinitas

Zoning R11

Rooms

Ensuite Laundry Inside, Laundry Closet, Laundry Room, See Remarks

Interior

Laundry Location Inside,Laundry Closet,Laundry Room,See Remarks

Inclusions Furniture and all personal property conveys. 5 Washers 5 Dryers Bycicles Surfboards Weights 3 BBQ's Pizza oven Stocked kitchens Linnens Etc

Fireplace No

Appliance Dryer

Laundry Inside, Laundry Closet, Laundry Room, See Remarks

Exterior

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Biking, Fishing, Golf, Water Sports

View Y/N No

Total Parking Spaces 7

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 2

Others

Senior Community No

Tax ID 2540220202

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Peter Antinucci • Swell Property

Get More Information

Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

Quick Search