1070 & 1072 Arcadia Road – Encinitas
UPDATE: After a two-hour open house, we received multiple offers and closed escrow at $1,090,000!
Here’s a fantastic investment opportunity in the high-demand rental market of coastal Encinitas. Built in 1962, this duplex is ready to remodel for investment property. Or, you could redevelop and build your dream home! 1070 & 1072 Arcadia are situated on a large ⅕ acre lot on the west side of Arcadia in Avocado Acres.
The two units are separated by individual garages, so there are no shared walls. They both feel like detached homes! There is one parking space at street level, and plenty of additional parking in the large driveway.
1070 Arcadia Road
The front unit (#1070) offers 2 bedrooms and 1 bathroom. Approximate size is 841 square feet. The kitchen opens to a private fenced yard. The adjacent one-car garage includes washer and dryer hookups. The kitchen features a large pantry and gas range.
1072 Arcadia Road
The back unit (#1072) features 3 bedrooms and 2 bathrooms in approximately 1600 square feet. The entire second floor comprises a large master suite, with a balcony that offers a peek ocean view. Downstairs, the living room with fireplace is accented by generous windows and original oak flooring.
The oak flooring extends to the large dining room adjacent to the kitchen. The kitchen features a large pantry and gas range. The kitchen opens to a deck, with steps leading down to a patio and private fenced yard. The adjacent one-car garage includes washer and dryer hook-ups.
Investment Income Opportunity
Opportunity awaits at 1070 & 1072 Arcadia: owner occupy, buy with a partner, or do long- or short-term rentals for awesome cashflow! Current potential rents are $2200 and $1800, in as-is condition. When renovated, estimated market rents will be $3000 and $2000.
The property has one water meter. A secondary meter was installed, but does not coincide with billing. Each unit has its own electric and gas meters. Tenants pay for all utilities, including water and trash.
Location, Location, Location!
1070 & 1072 Arcadia is only ½ mile to Scripps Encinitas. Enjoy easy access to I-5, and take a short 5 minute drive to the 101 and downtown Encinitas, which offers beaches, restaurants, farmers markets, yoga studios, and boutiques. Take a short walk to Ocean Knoll Elementary, San Dieguito Academy, Encinitas Community Park, and Ada Harris Park. Swami’s Beach is a short 1-mile bike ride away.
This neighborhood is served by highly-rated Encinitas Union and San Dieguito Union School Districts.
1070 & 1072 Arcadia Road is zoned R11. For more zoning information, please see attached 1070 & 1072 Arcadia Road Zoning Report.
Are YOU thinking about selling your home? Here’s how I prepare your home to be listed in the MLS.
1070 & 1072 Arcadia Road SOLD for $1,090,000.