Southwest Equity Partners
Listed by Southwest Equity Partners
$7,100,000
Leucadia Lofts
Details
APN 2541114500
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,700
Units 6
Cap Rate 2.41%
NOI $170,813
Occupancy 100%
Pro-Forma Cap Rate 3.74%
Pro-Forma NOI $260,669
Price per SqFt $816
Class B
Year Built 1976
Buildings 3
Stories 2
Acreage 0.372
Zoning Seller
Multifamily | 6 Units | $1,183,333/unit
Marketing description
Wonderful opportunity to own a performing asset and add value through condo conversion. Current Owners have owned the property since they built it.
Investment highlights
- Prime Leucadia/Encinitas coastal location—steps from Leucadia Oaks Park and a short walk to outstanding dining and the beach for an exceptional everyday lifestyle.
- Three duplex buildings sold as one package, each offering two spacious 3BR/2.5BA townhome-style units, delivering strong income potential and flexible living con3gurations.
- Flexible long-term upside with 3 separate parcels, enabling future individual duplex sales and offering potential conversion to condos in a thriving market commanding approximately $1.5–$1.6M for comparable layouts.
- Thoughtful unit amenities include private 1-car garages, in-unit laundry hookups, and fenced yard space—enhancing comfort, usability, and tenant/owner appeal.
- Lifestyle meets convenience with park views/nearby recreation (grass areas, play gym, picnic tables, volleyball court, and kids’ skateboard area) plus easy access to coastal entertainment and amenities
Listing Contacts
Southwest Equity Partners
Listed by Southwest Equity Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$170,813.00
$14,234.42/mo
Valuation Metrics
0
DSCR
2.41%
Cap Rate
2.41%
ROI
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