OPPORTUNITY OF A LIFETIME: Cash-flowing TRIPLEX at MOONLIGHT BEACH in ENCINITAS FIRST TIME on the market in 45 YEARS, this family-owned and deeply-loved, eclectic TRIPLEX is an investment trifecta: LOCATION, UNIT MIX & LIST PRICE. : : Introducing 209 Melrose Avenue A real estate gem in the heart of iconic Encinitas. UNIT MIX: STUDIO + 2 BED/1 BATH + 2 BED/1 BATH, with private decks, a rooftop view and an on-site laundry room. INCOME PRODUCING: The three units are currently being used as follows: (1) an owner's Studio, (2) a long-term rental and (3) a highly profitable short-term rental (STR) with consistent bookings and an impressive return on investment. Permits unknown. Property was inherited. Encinitas, defined by its roots in surf and beach culture, is one of San Diegos most famed coastal communities. 209 Melrose is a unique beachside bungalow on a quiet street, just blocks from the sand at Moonlight Beach. Property features include ample parking, private outdoor spaces, a relaxing hot tub and rooftop views. In 2023, Forbes Magazine recognized Encinitas as one of the best places in the world to travel. Nestled along the picturesque SoCal coast, this vibrant city is not just a destination for tourists; it's an extraordinary opportunity for those seeking a high-ROI investment or multi-use (commercial and residential zoning) to bring visions to life. Also located one block from downtown Encinitas on Highway 101, which is home to the areas MOST POPULAR AND HIP dining, retail, salons, bars, coffee shops, breweries, art galleries and iconic San Diego landmarks, including Swa
Listing courtesy of Listing Agent: Amy Ali (760-828-8041) from Listing Office: Compass.
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