Luxury Multifamily Investment – 123–129 S. Encinit

Constructed in 1990 to high-end, condo-quality specifications, 123–129 S. Encinitas Avenue is a two-story, 12-unit multifamily property situated on a 22,109-square-foot lot with a total building size of 12,720 square feet. This turnkey trophy asset has been immaculately maintained and offers amenities comparable to newer luxury residential developments. Each unit includes a private two-car garage with EV charging stations supporting 240 volts/50 amps and has been extensively renovated. The property is separately metered for gas and electricity, features an on-site laundry facility with two washer/dryer sets (in addition to in-unit laundry in all units), and provides guest parking. The excellent unit mix includes ten two-bedroom/two-bath units and two three-bedroom/two-bath units. Bright and spacious, the units average approximately 1,160 square feet and feature central air and heat, individual water heaters, fireplaces, dishwashers, mirrored closet doors, and abundant storage space. All residences have been upgraded to high-end, luxury designer standards.