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34301828
34301830

1322-24 North Coast Highway, Encinitas, CA 92024

JM
CA 02225507
Swell Property Group
Listed by Swell Property Group
$7,900,000
1 day on market
Updated 1 day ago

Leucadia Beach Inn

Details
APN 2542225200,2542225100
Property Type Hospitality
Sub Type Hotel, Boutique Hotel
Square Footage 8,694
Keys 22
NOI $1,000,000
Occupancy 90%
Pro-Forma NOI $4,900,000
Price per SqFt $909
Year Built 1975
Buildings 2
Stories 2
Lot Size (SqFt) 12,016
Zoning N-CRM-1 (North 101 Corridor Specific Plan)
Investment Type Value Add

1322-24 North Coast Highway, Encinitas, CA 92024

Marketing description

1322–24 North Coast Highway is a 22-room boutique hotel set on two contiguous parcels along the coveted North 101 corridor in Encinitas. White stucco, clay-tile roofs, stone archways and a planted central courtyard give the property the relaxed coastal character that defines the Encinitas beach market.

The South parcel holds a single-story, U-shaped building of 5,122 SF wrapped around a central courtyard that serves as guest access and on-site parking. The North parcel carries a 3,572 SF two-story building with dedicated parking along the western alley.

Together the parcels form a single 80' x 150' assemblage - a rare, income-producing coastal holding with meaningful value-add potential and long-term redevelopment optionality under N-CRM-1 mixed-use zoning.

Encinitas anchors the affluent North County coast of San Diego - a six-mile stretch of beaches, surf breaks and walkable village districts that draws year-round visitors and a high-income resident base.

The property fronts North Coast Highway 101 in Leucadia, minutes from Moonlight Beach, the downtown Encinitas dining and retail core, and the Coaster commuter rail. High barriers to entry and limited coastal supply underpin durable demand.

Investment highlights

  • Irreplaceable coastal location on the North Coast Highway (101) corridor in Encinitas.
  • 22-key boutique hotel operating at ~90% occupancy with ±$1.0M of in-place income.
  • Two contiguous parcels — a single 80' × 150' assemblage with value-add upside.
  • N-CRM-1 mixed-use zoning under the North 101 Corridor Specific Plan.

Listing Contacts

JM
CA 02225507
Swell Property Group
Listed by Swell Property Group

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Loan Amount
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Annual Cash Flow
$1,000,000.00
$83,333.33/mo

Valuation Metrics

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DSCR
12.66%
Cap Rate
12.66%
ROI

Map

Zoning

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ER/OS/PK SpecialEcological Resource Open Space Parks
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Jamie Miller
License
02225507
Brokerage
Swell Property
Brokerage Phone
858-210-1212
Brokerage Address
526 2nd Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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