Description

One-of-a-kind North County Coastal apartment investment opportunity with over $400, 000 spent in recent renovations (in 2023). Nestled in the coveted neighborhood of Leucadia in the north county coastal area of San Diego County. Presenting 1405 N Vulcan Avenue, a meticulously crafted property boasting six fully renovated townhomes, each offering two bedrooms and two bathrooms with exterior private back patios. Each unit also includes an individual garage and one off-street parking space. Situated on an expansive lot exceeding 13, 000 square feet, this property embodies both luxury and potential. The strategic location of 1405 N Vulcan Avenue adds to its allure. A mere stone’s throw away from the beach, residents can enjoy the quintessential coastal lifestyle with ease. Moreover, the property is within walking distance to a plethora of shopping outlets, restaurants, nightlife venues, and recreational activities, ensuring that tenants have everything they need right at their doorstep. The property’s rental income is robust, yet there remains significant upside potential for further growth. Additionally, prospective owners can explore the possibility of additional dwelling unit (ADU) conversions, as evidenced by a feasibility study conducted by current ownership. In summary, 1405 N Vulcan Avenue presents a rare opportunity to acquire a meticulously upgraded asset in an enviable coastal location. With its strong unit mix, large floorplans, and development potential, this property is poised to deliver both immediate returns and long-term value appreciation.