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215 Lolita Street, Encinitas, CA 92024

Commercial property

215 Lolita Street, Encinitas, CA 92024 Sold September 2023 CRMLS
$2,735,000Sold September 2023

Listing Agent: Chris Hasvold (DRE #00800277) · Listing Office: Coldwell Banker Village Prop · Contact: 760-728-8000 · Bought with: Chelsea Taylor · Swell Property · MLS #ND23138845 · Source: CRMLS

1,840
Building Sq Ft
5
Units
3.20%
Cap Rate
3,920 sqft
Lot Size
1931
Year Built
Commercial property
Type

About this commercial property

This is a rare opportunity to own this charming five-unit building that was originally part of a beach "Motor Inn" kind of place from the 20s or 30s. It's just a couple of blocks off Moonlight Beach. There are four one-bedrooms and a studio with a loft. Sellers took each unit down to the studs and fully remodeled the kitchens and bathrooms in 2010. Sellers added sound insulation between the units, installed bamboo flooring, and upgraded the plumbing and electrical – all with permits.

Listing description from the September 2023 sale, as reported to CRMLS.

Sale history

$2,735,000
Sold September 2023 · listed $2,950,000, on market July 2023 · MLS #ND23138845 · Source: CRMLS
Listing Agent: Chris Hasvold · Listing Office: Coldwell Banker Village Prop · Contact: 760-728-8000 · Bought with: Chelsea Taylor · Swell Property
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