273 Hillcrest Drive

Encinitas, CA 92024

$4,299,000
Price
9
Beds
3,600 Sq. Ft.
$1,194 / Sq. Ft.
3,600
Sq. Ft.
$1,194
per Sq. Ft.

Description

Rare opportunity in the heart of Leucadia to own (7) seven units, all located on a .4-acre flat usable lot west of Interstate 5. Over 3600 total sq. feet of living space. Units consist of (1) 2-bedrooms, 2 full baths, (2) 2-bedroom 1 full bath, (3) 1-Bedroom 1 bath and (1) studio unit. There is an oversized two car garage, covered carport, onsite laundry facility, private yards, and plenty of extra storage areas. Beautiful mature landscaping surrounds this uniquely designed building (including two...Rare opportunity in the heart of Leucadia to own (7) seven units, all located on a .4-acre flat usable lot west of Interstate 5. Over 3600 total sq. feet of living space. Units consist of (1) 2-bedrooms, 2 full baths, (2) 2-bedroom 1 full bath, (3) 1-Bedroom 1 bath and (1) studio unit. There is an oversized two car garage, covered carport, onsite laundry facility, private yards, and plenty of extra storage areas. Beautiful mature landscaping surrounds this uniquely designed building (including two cottages) providing a peaceful serene setting. All units are connected to the city sewer and there are 4 separate gas meters. Three of the units have been remodeled in the past year. Hillcrest is an ideal property with endless long term or short-term upside.
  1. Listed by David Miller • DRE #01389997 • Brokerage DRE #02024471 • Swell Property
  2. Listed by Benjamin Hamady • DRE #01747836 • Brokerage DRE #02024471 • Swell Property

Property Details for 273 Hillcrest Drive

Parking Spaces Total
12
Private Pool
No
Total Units
7.0
Building Type
Attached
Lot Size Source
Assessor
Lot Size Dimensions
121x145
Living Area
3600
Assessor Parcel Number
254-101-41-00

Location

Listing Courtesy of Swell Property, David Miller, DRE #01389997; Swell Property, Benjamin Hamady, DRE #01747836
Add your commute
LISTING UPDATED: 06/18/2024 04:09 AM

Property Details for 273 Hillcrest Drive

StatusActive
MLS #NDP2404542
Days on Market33
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1984
Lot Size0.40 AC / 17,424 SF
CountySan Diego County

Location

Listing Courtesy of Swell Property, David Miller, DRE #01389997; Swell Property, Benjamin Hamady, DRE #01747836
Add your commute

Building Information for 273 Hillcrest Drive

Stories2Residences-Year Built1984Building Size-Lot Size0.40 AC / 17,424 SF

Payment Calculator

$23,461 per month

30 year fixed, 7.25% Interest

Principal and Interest

$23,461

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 273 Hillcrest Drive

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $269,204
  • Net Operating Income: $210,651
  • Cap Rate: 4.69
Expense Details
  • Operating Expense: $58,553
  • New Taxes Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $58,553
Tax / Assessment Info
  • Tax Tract Number: 177.01
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 19084
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Park
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area, Community
Exterior Features
  • Entry Location: 1
  • Fence: No
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Back Yard, Front Yard, Rectangular Lot, Yard
  • Number Of Units: 7
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
Parking Info
  • Garage Spaces: 2
  • Parking: No
  • Uncovered Spaces: 8
  • Open Other Spaces Total: 8
  • Parking Garage Spaces: 2
  • Carport Spaces: 2
Unit Information
Unit 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,995
  • Unit Type Total Rent: $3,995
  • Unit Type Pro Forma: 4250
  • Unit Type Type: 1
Unit 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,720
  • Unit Type Total Rent: $3,720
  • Unit Type Pro Forma: 3920
  • Unit Type Type: 2
Unit 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,337
  • Unit Type Total Rent: $3,337
  • Unit Type Pro Forma: 3950
  • Unit Type Type: 3
Unit 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,678
  • Unit Type Total Rent: $2,678
  • Unit Type Pro Forma: 2975
  • Unit Type Type: 4
Unit 5
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,907
  • Unit Type Total Rent: $2,907
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 5
Unit 6
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,697
  • Unit Type Total Rent: $2,697
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 6
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 1850
  • Unit Type Type: 7
Unit Information
  • Number Of Units Leased: 7
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 273 Hillcrest Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 273 Hillcrest Drive

This home is within Encinitas Union Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Capri Elementary School
PublicK to 6

Diegueno Middle School
Public7 to 8

La Costa Canyon High School
Public9 to 12

Sunset High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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273 Hillcrest Drive is a multi-family home for sale in Encinitas, CA 92024. This property was listed for sale on May 24, 2024 by Swell Property, it's currently listed at $4,299,000. This listing's school districts are Encinitas Union Elementary School District, San Dieguito Union High School District. Nearby schools include Capri Elementary School, Diegueno Middle School and La Costa Canyon High School. 273 Hillcrest Drive is a 9-bed, 0-bath, 3,600 sqft multi-family home built in 1984.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Swell Property, David Miller, DRE #01389997; Swell Property, Benjamin Hamady, DRE #01747836

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