tomo logo

$5,799,000

Beds
6
Baths
6.0
sq ft
3,840

1629 1631 Neptune Ave, Encinitas, CA 92024

1629 1631 Neptune Ave

Encinitas, CA 92024

  • 48 days on market
Welcome to 1629-1631 Neptune Ave, two remarkable turn-key ocean view homes that offer the epitome of coastal lifestyle, combined with an excellent investment opportunity. Please dive into the 3D matter port VIRTUAL TOUR to experience the exceptional layout! Video Tour also available! 2 properties with 2 distinct APN's being sold together. Price is for both units. This unique property offers potential owners the rare chance to own a piece of the coveted ocean view lifestyle, with the added advantage of a versatile living arrangement, cashflow and equity upside. All furniture and personal property convey! Each unit is a gem in its own right, featuring a primary living space with ocean views, alongside a junior units with separate entry. The junior units can flow seamlessly with primary units or can be closed off to cater to a variety of living situations. Whether you're looking to establish a multi-generational family compound, occupy one unit while renting the others, or capitalize on both for a mix of rental income and Neptune equity appreciation, this property does it all with unmatched flexibility. The views from 1629-1631 Neptune Ave are nothing short of spectacular, offering residents a stunning panorama of the ocean's majesty. The property sits merely steps away from Grandview Beach, making it a haven for beach and ocean lovers. The bustling Neptune Avenue presents a delightful tableau of everyday coastal life that becomes a source of entertainment in itself. The avenue buzzes with an eclectic mix of people, from joggers and dog walkers to cyclists and surfers, creating a vibrant, lively atmosphere that embodies the essence of beachside community living. Each unit is exceptionally appointed, boasting high-quality finishes and furnishings throughout, and each comes with it's own washer dryer. There is a large separate laundry and storage room as well. Currently utilized as a vacation rental business, this property comes with a proven track record of profitability, with all financials ready to be presented to potential buyers, and future cash flow already booked! All personal property conveys to the new owner, and presents a truly unique, turn-key business opportunity. The level of care and attention is exceptionally rare and ensures that the transition to new ownership will be as seamless as possible, allowing you to enjoying the property and/or generate income immediately. Weather it will be you or your guests, 1629-1631 Neptune Ave offers experiences where the beauty of nature meets the comfort of luxury living. It's an invitation to wake up every day to breathtaking ocean views, to stroll mere steps to the sand, and to be a part of a vibrant community that appreciates the outdoors and all it has to offer. This property is a rare find; an amazing investment opportunity coupled with a lifestyle choice that promises endless possibilities.

Details

Property type

Condominium

Est. home value

$3,041,400

Lot size

6,007 sq ft

Price per sq ft

$1,511

Year built

1978

Price History

05/16/2024
CRMLS

CRMLS #NDP2404231

Listed
$5,799,000
+0.85%
05/07/2024
CRMLS

CRMLS #NDP2400334

Removed
$5,750,000
01/12/2024
CRMLS

CRMLS #NDP2400334

Listed
$5,750,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Fishing, Golf

High school district: 

San Dieguito Union

Number of units in community: 

2

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Malaga Bank Fsb

Loan start date

May 2017

Original loan amount

$1,050,000

Est. remaining balance

Not provided

Interest rate

3.18%

Loan type

Commercial

Seller

Steven R Mccarty and Laura L Mccarty

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

CRMLS
$5,300,000
5 bd
|
5.5 ba
|
6,711 sq ft
|
House

7811 Camino de Arriba, Rancho Santa Fe, CA 92067

Status: Active

Tomo last checked: 07/03/2024 at 10:45 AM

Listing updated: 06/27/2024 at 10:13 AM

Listed by: Peter Antinucci, Swell Property Phone #: (760) 452-2345

MLS: CRMLS #NDP2404231

CRMLS logo

Recently listed in Encinitas

$3,495,000|5 bd|4.5 ba|House
$1,249,000|3 bd|2.5 ba|Townhouse
$849,000|2 bd|2.0 ba|Condo
$5,850,000|4 bd|4.5 ba|House
$3,395,000|5 bd|3.5 ba|House
$1,555,000|3 bd|2.0 ba|House
$4,850,000|4 bd|4.5 ba|House
$2,000,000|3 bd|2.5 ba|Townhouse