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Multifamily
Encinitas Terrace Senior Apartments
Encinitas, CA
102 Units
Built in 1987
Value Add
Investment Highlights
- ??????Significant value-add opportunity through professional management and interior renovations
- High barrier-to-entry market of Encinitas and one of only thirteen multifamily properties with over 100 units in Encinitas
- Second largest senior community (Age 55+) in the city of Encinitas
- Common area amenities include: Heated pool with adjacent shuffleboard court, large rec room with 2 bathrooms, 3 laundry rooms (leased machines), and multiple outdoor gazebo areas
- 99 off-street parking spaces - 56 covered, 43 surface space
- Main three-story building includes elevator access
- Located just one-mile to one of Southern California's most coveted beaches - Moonlight State Beach. The beaches are so amazing in Encinitas, National Geographic named it one of "The World's Top 20 Surf Towns"