250-258 Hillcrest Dr - Apartments FOR SALE


Encinitas, CA 92024
$5,500,000 USD
760-688-8976
250-258 Hillcrest Dr, Encinitas, CA for Sale
$5,500,000 USD
Apartments - FOR SALE
1/8
null | 4.87% Cap Rate

250-258 Hillcrest Dr
Encinitas, CA 92024


HIGHLIGHTS

  • Brand New Construction
  • Walkable to the Beach
  • Large Backyards

OVERVIEW

Turnkey and brand new, this five-unit complex is located in the heart of Leucadia and construction was completed in January 2026. The complex includes two matching 2-bedroom, 2.5-bathroom units that were completely remodeled from the original structure. These homes feature large enclosed backyards, mature vegetation, and abundant natural light from the upstairs bedrooms. There are also two matching 2-bedroom, 2-bathroom units built as ground-up new construction. Each offers a private yard, tall vaulted ceilings, and upstairs patios. The final unit is a spacious 1-bedroom, 1-bathroom residence located on the ground level with no steps, providing easy access and the same high-quality amenities found in the other floor plans. All units have their own designated laundry, utilities, and parking. Income potential in this area is exceptional, with two of the units eligible for legal vacation rentals. Do not miss out on this rare gem so close to the beach.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$1,078 USD /SF

# OF UNITS

5

PRICE/UNIT

$1,100,000

CAP RATE

4.87%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,065 SF

ZONING

R-8

APN/PARCEL ID

254-061-11-00

ASK ABOUT THIS PROPERTY

Danny GibbelSwell PropertyMore Info
760-688-8976

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Danny GibbelSwell PropertyMore Info
760-688-8976

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.