Property Detail

647 San Dieguito Dr.

Encinitas CA 92024

$3,200,000

Status: Active

Property Details

Description

Once in a lifetime opportunity in prime Encinitas Highlands location: five unit opportunity! FIFTH UNIT is single family HOME~charming, spacious 3 br, 2 ba, approx. 1350 sq ft, with hardwood floors, remodeled kitchen, family room, dedicated laundry facilities & dedicated fenced front & rear yards. The 4 one bedroom units are located in separate building on rear portion of large 9818 sq ft lot. Four 1 br. units share large fenced yard & share coin-operated laundry facilities & storage areas. A truly rare opportunity to purchase an income property of this caliber within easy walk to the vibrant village of downtown Encinitas with shops, restaurants, library, Enc. train station, Moonlight Beach, Swamis Beach park, & more! All units updated with renovated kitchens + one unit has deck & one unit has a patio. Roofs recently updated &/or replaced. Easy beach cruiser ride to Cardiff with Cardiff Market & Leucadia with farmer's market, restaurants & more. Short walk from property to La Paloma Theater, Encinitas Library & 3 beaches. Property is well-maintained reflecting present owner's pride of ownership & excellent management during their ownership. Dedicated parking spaces for all units, plus additional parking in driveway. Over-sized 9818 sq ft lot presents an incredible value in itself, in addition to the first class location: both of which ensure continued consistent+maximized income potential. All units consistently rented with no vacancies. See attachments in MLS for seller's P & L , rent roll. income statement, more info on units from City of Enc. & state housing info. . Ideal opportunity for owner occupant in main house, enjoying excellent rental income from the four 1 br. units! Present rent on 3 br. home is below market due to tenants being in residency for long time. Home lease and 3 other leases on 1 br units are presently month to month. Prospects to review all attachments in MLS: including rent roll, income statement/P&L, and information regarding rentals in City of Encinitas, prior to writing offer. This property represents an amazing once in a lifetime opportunity= an excellent real estate investment is all about location, location, location, and timing...and this property offers both. Units & home consistently rented. One partner in LLC is licensed to sell real estate in Calif. Two water meters, one gas and electric meter. Owner pro-rates utility costs over the five units which are paid to seller monthly with actual rents. Pro-rated utility reimbursements are included in the rents reflected in MLS, and on rent roll attachment. Amazing opportunity to live west of I-5 within walking distance to the village of Encinitas, 3 world class beaches, Enc Library, Enc. train station, La Paloma Theater, dog parks and more! Great value for owner occupied buyer to live in front house and enjoy the excellent rental income that the four units in the rear of the property provide! Or achieve additional excellent rental income from main house as well. RENTS: Front home rent is below market due to long term tenant in occupancy, which is now on a month to month tenancy: present rent: $4800 + monthly pro-rated utility reimbursement to owner of $230=$5030 mo. total income on this unit). All rents reflected in MLS include tenants additional pro-rated utility reimbursement to seller each month: Each charming, light & bright 1 br unit pays pro-rated $115 a month for their utilities in addition to their actual rents. Same pro-rated utility reimbursements are included in the rental income numbers in MLS & on P&L attachment ) Seller disclosure: brick fireplace in main house is not being used at this time. Seller has estimate for recommended maintenance~available upon request.

Map Location

Listing provided courtesy of Polly Rogers of Compass. Last updated 2025-10-18 08:11:19.000000. Listing information © 2025 CRMLS.

Ever Eternity

Ever Eternity

CA DRE# 01794748

1111 Prospect St, Suite 100 La Jolla,
​​​​​​​CA 92037

858.688.4113

Contact Me
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Welcome

Meet Ever

Ever Eternity is Your Local Real
Estate Professional

Whether it's your first townhouse, vacation property or coastal dream home, I will work to find the property that's best for you. I am able to anticipate and fulfill each of my clients needs, in order to find the perfect home for them and their family. I am here to work with you, to find the best fit for you, and am excited for the opportunity.

People choose to work with me for my full service expertise, experience and ethics. My base of loyal customers is the reason I am successful in this competitive sales market.

​My attention to detail allows me to find dream homes for buyers, and build thorough home marketing plans for my sellers. I have great pride in my negotiation skills and believe in transparency and full disclosure throughout each deal. I value open communication with my clients and welcome questions from start to close.

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"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"Ever was simply excellent. He is thorough, approachable and very knowledgable of the house buying process. We appreciated his manner and help throughout our purchase process - he never made us feel pressured to select a house and helped us find a perfect match. He was especially helpful when we needed to juggle urgent travel during the Escrow process, helping us set up power of attorney. We would recommend Ever to any type of buyer and will certainly use him for any future real estate needs that we have."

"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

"Ever has been my agent through two purchases and one sale. He has a keen sence of the market and knows how best to price and time sales and purchases. He makes sure to get the job done and places the most importance on making his satisfying his clients wishes to the best of his ability. He works well with escrow, property managers, and whomever he needs to speak with."

"Working with Ever was a joy. We had a number of unexpected challenges during the process of selling our house and Ever was consistently there to help, guide, and support us. He was always available for consultation and never lost sight of the immediate issues nor the long term goals. Ever was an exemplary professional in every way and I would highly recommend him."

"Working with Ever was a great experience. Selling our Mom's house was emotionally difficult for us. Ever guided us thru the process and made it smooth and easy as possible for us. He responded to all of our questions with professionalism and knowledge. He kept us informed of every action during the sale. We trusted his advice and insights and he delivered on everything he said. The sale was quick and smooth and we couldn't be happier. We highly recommend Ever. He definitely knows his business."

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