Mark Bobo

There is panoramic ocean view from all 3 levels of this lot that cannot be blocked by other houses . The geographic location is impressive. 180 degree ocean view from all levels. You can see the ocean from standing in the back yard. This house is situated on 3 lots. The size is 7500 sq/ft of land. As of 9-18-2024 the City of Encinitas indicated that this house is eligible to be in the Encinitas Historic Resource Registry. In so doing, t will meet the criteria to be classified historic under the Mills Act. Meaning a huge savings with 30%-70% property tax break that runs with the land.

Rental Income or Development Potential close to the beach in Solana Bch/Del Mar. One half mile to Del Mar Race Track on the west side of I-5. Five legal units in Eden Gardens. Building next door (726-732 Stevens) must be purchased same time. On 0.37 acre. Tenants are month-to-month. All occupied. Two, 2bed/1 bath; Two 2bed/1.5 bath and one large studio. Garage for 4 units plus 2 spaces. All units renovated recently. Excellent development opportunity. Vacation rentals, condos, time share, or big detached. [Supplement]: The 5th unit is a large studio that rents for $1750/month. Add that in your proforma. This is the only unit that parks in driveway. The address is 718-A Stevens Avenue. All five units are permitted. La Colonia Park on north side of property. Street side building are single level with 2 bed/1bath and large covered patio. One upper level and one lower level. The buildings in the back are townhouse style (2 story) and have 2 bed/1.5 bath with large fenced rear yards. FYI-On the south side of the shared driveway are 4 more mirror image units. The address id 726-732 Stevens Avenue. It is listed for $2,550,000. The asking price for all 9 units is $5,150,000. All leases are month-to-month. The seller does not want to sell one side by itself. All or nothing. You can sit back and collect rents OR develop plans for new condos, time shares, new apartments, or new giant detached homes. The total land area for all 9 units is 0.67 acre. Plenty of room to have your architect go to town with a design that will be fabulous. Your call!

Mark Bobo

About Mark Bobo

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Recent property sales & transaction history

2 properties

Cardiff By The Sea

Apartment, Family Home

$2,850,000 to $3,600,000

800 ft² to 1,500 ft²

Properties for sale by listing agent Mark Bobo

$3,995,000

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Mark Bobo

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