Authentic coastal character, walk-to-beach location, and income from day one! 215-223 Lolita Street is the rare gem that captures the soul of old Encinitas. This five-unit coastal income property sits just three blocks, or 0.2 miles, from the sand of Moonlight Beach. Whether you're an investor seeking a turnkey…Authentic coastal character, walk-to-beach location, and income from day one! 215-223 Lolita Street is the rare gem that captures the soul of old Encinitas. This five-unit coastal income property sits just three blocks, or 0.2 miles, from the sand of Moonlight Beach. Whether you're an investor seeking a turnkey opportunity or an owner-occupant craving the beach lifestyle, this one checks every box. The building consists of four cozy one-bedroom units and one charming studio with a loft, a versatile mix that appeals to a wide range of tenants and keeps vacancy low in this perpetually sought-after coastal market. The current ownership has invested heavily in the fundamentals. The entire property has been re-piped with hardline galvanized pipes, new roof vents installed, and every unit equipped with a new heater. A new commercial-grade water heater serves the building, and the studio features a fully remodeled bathroom giving the next owner true peace of mind. A comprehensive renovation in 2010 modernized the interiors throughout, including remodeled kitchens and bathrooms, upgraded plumbing and electrical, sound insulation between each unit, and beautiful bamboo flooring, all hallmarks of a well-loved, well-maintained property. Income properties just a short stroll to the sand in Encinitas are as coveted as they are scarce, don't let this one slip by!
Facts & Features
Interior
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 5
Full bathrooms: 5
Cooling
Has cooling: No
Appliances
Laundry: Common Area, Outside
Features
Has fireplace: No
Interior area
Total interior livable area: 1,840 sqft
Property
Parking
Total spaces: 0
Garage spaces: 0
Features
Stories: 1
Has private pool: No
Has view: No
Lot
Size: 0.09 Acres
Features: Landscaped
Details
Parcel number: 2563741500
Zoning: RS11
Construction
Type & style
Home type: Residential
Property subtype: Single Family Residence
Condition
Year built: 1931
Location
Mike Zwarg
Broker / Owner
951-528-0626 mike@mzhomes.us
Listing Office: Swell Property · Listing Agent: Chelsea Taylor · chelsea@chelseataylorproperties.com · CRMLS
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