Encinitas Multi-Family Properties for Sale

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Newest Encinitas Multi-Family Homes for Sale

$2,199,000

2 Beds ⋅ 2 Baths ⋅ NDP2609783 MLS ⋅ ACTIVE Status

Adorable single level duplex with an outstanding location in the heart of Leucadia. 532 Hermes is 2 Bedroom / 2 Bath, 534 Hermes is 1Bed+1Ba, located on a large 11,282 sq ft lot. This is the perfect opportunity to enjoy the Coastal lifestyle with the beach a short distance. Ideally situated by Paul Eke Elementary and the El Portal underpass making Stonesteps Beach access only mins away. French doors provide abundant natural light throughout the main dwelling unit making this home light & bright. Large eat in kitchen has plenty of storage for everything you could need. The one-bedroom unit has a private patio, generous sized living room and full kitchen. Each unit is separately metered except for a shared water meter. They each have its own washer & Dryer and furnace. Perfect set up for someone to live in main house and rent the other unit. Both are currently vacant. There are possible ADU opportunities should one wish to add additional units to the property. Lush landscaping consists of multiple avocado trees, orange & lemon fruit trees plus a fig tree and fenced garden area. The oversized lot offers endless possibilities to expand, add units, create private yards, or just enjoy the space. The new Paul Ecke Central School, which is currently under construction, is only steps away. This location cannot be beat with easy access to the vibrant 101 corridor and its many shops & restaurants. Adorable single level duplex with an outstanding location in the heart of Leucadia. 532 Hermes is 2 Bedroom / 2 Bath, 534 Hermes is 1Bed+1Ba, located on a large 11,282 sq ft lot. This is the perfect opportunity to enjoy the Coastal lifestyle with the beach a short distance. Ideally situated by Paul Eke Elementary and the El Portal underpass making Stonesteps Beach access only mins away. French doors provide abundant natural light throughout the main dwelling unit making this home light & bright. Large eat in kitchen has plenty of storage for everything you could need. The one-bedroom unit has a private patio, generous sized living room and full kitchen. Each unit is separately metered except for a shared water meter. They each have its own washer & Dryer and furnace. Perfect set up for someone to live in main house and rent the other unit. Both are currently vacant. There are possible ADU opportunities should one wish to add additional units to the property. Lush landscaping consists of multiple avocado trees, orange & lemon fruit trees plus a fig tree and fenced garden area. The oversized lot offers endless possibilities to expand, add units, create private yards, or just enjoy the space. The new Paul Ecke Central School, which is currently under construction, is only steps away. This location cannot be beat with easy access to the vibrant 101 corridor and its many shops & restaurants.

532-34 Hermes Ave, Encinitas

$5,795,000

6 Beds ⋅ 6 Baths ⋅ 260025208 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.

A truly unique opportunity in the heart of Leucadia, this exceptional property features two homes on one beautifully landscaped, large, flat lot west of the 101. With six total bedrooms between the two residences, multiple outdoor living spaces, private yards, and an incredibly flexible layout, this is the kind of property that is hard to replicate this close to the coast. Each home has its own personality. One features a warm, modern-coastal style with rich flooring, architectural details, an entertainer’s kitchen, and an incredible rooftop deck with an outdoor kitchen, dining area, fire pit, shade sail, and sea-view lifeguard chairs. The second has a light, farmhouse-inspired feel with French oak floors, custom built-ins, quartz counters, oversized windows, and a bright, open layout. The outdoor spaces are just as special. A private grassy backyard includes a built-in BBQ area, multiple covered patios, an outdoor shower, a new four-person sauna, and an adorable custom-built kids’ playhouse. A finished garage with an additional full bath adds even more versatility and works perfectly as a home office, gym, studio, guest space, or bonus room. Walk to Beacon’s Beach for a surf or sunset, then stroll to some of the neighborhood’s best restaurants, coffee shops, boutiques, and bars. Whether you envision a multigenerational setup, living in one home while generating income from the other, or simply want an amazing coastal compound with room for family and friends, this is a rare chance to own something truly special in one of North County’s most desirable beach communities.

154-56 Phoebe St, Encinitas

$3,349,000

7 Beds ⋅ 5 Baths ⋅ 260022943 MLS ⋅ ACTIVE Status

A newly renovated󠃳󠂠󠂀󠂠󠃢󠂁󠂢󠃢󠂁󠂣󠃢󠂁󠂣󠃍󠂏󠃍󠂏 coastal Encinitas 5 unit multifamily asset with recently constructed additions, and strong in-place income in one of Southern California’s most supply-constrained rental markets. Introducing 921–927 Regal Road, a rare opportunity to acquire a standout 5-unit property on a large lot in the highly desirable coastal community of Encinitas. Completed with extensive renovations and recent additional units, construction and improvements finalized from 2020 to 2025, this exceptional investment offers a highly attractive unit mix of two (2) two-bedroom / one-bath units and three (3) one-bedroom / one-bath units. Total of 7 bed , 5 baths. This is the Northerly half of mirror image courtyard development. The south 5 unit property is also available separately. The property has undergone a comprehensive, transformation featuring newly constructed and fully remodeled residences. Interior upgrades include modern quartz countertops, renovated kitchens and bathrooms, tile flooring throughout, updated electrical systems, new AC units serving the newly built units, and new roofs. Each residence offers abundant natural light, large private enclosed backyards, and mature landscaping that creates a unique residential environment rarely found in multifamily investments of this scale. The property combines modern improvements with a low-density coastal living experience that strongly differentiates it from traditional apartment product throughout Southern California. Located in one of North County San Diego’s most desirable rental markets.

921-927 Regal Rd, Encinitas

$3,349,000

8 Beds ⋅ 5 Baths ⋅ 260022941 MLS ⋅ ACTIVE Status

A newly renovated󠃳󠂠󠂀󠂠󠃢󠂁󠂢󠃢󠂁󠂣󠃢󠂁󠂣󠃍󠂏󠃍󠂏 coastal Encinitas multifamily trophy asset on a Large Lot with quality upgrades, strong in-place income, in one of Southern California’s most supply-constrained rental markets. Introducing 931–937 Regal Road, a rare opportunity to acquire a newly renovated 5-unit property in this highly desirable coastal community. Completed with extensive renovations and recent construction additional units with improvements finalized from 2020 to 2025, this exceptional investment offers a highly attractive unit mix of three (3) two-bedroom / one-bath units and two (2) one-bedroom / one-bath units. Total of 8 bed, 8 bath. Private courtyards for each unit! This is the South half of mirror image courtyard development. The adjacent 5 unit property is also available separately. The property has undergone a comprehensive, transformation featuring newly constructed and fully remodeled residences. Interior upgrades include modern quartz countertops, renovated kitchens and bathrooms, tile flooring throughout, updated electrical systems, new AC units serving the newly built units, and new roofs on all. Each residence offers abundant natural light, large private enclosed backyards, and mature landscaping that creates a unique residential environment rarely found in multifamily investments of this scale. The property combines modern improvements with a low-density coastal living experience that strongly differentiates it from traditional apartment product throughout Southern California. Located in one of North County San Diego’s most desirable rental markets.

931-937 Regal Rd, Encinitas

$3,349,000

5 Beds ⋅ 5 Baths ⋅ ND26201804 MLS ⋅ ACTIVE Status

First time on the market in nearly 30 years, this spacious Encinitas triplex presents an extremely rare investor or owner-user opportunity. Ideally located just one block from the beach and within walking distance of Downtown Encinitas, the property features three separate units totaling more than 2,600 square feet. Each unit has been thoughtfully upgraded or exceptionally well-maintained, featuring quality wood or tile flooring, skylights, private balconies, incredible outdoor spaces, and beautiful city views. Additional highlights include two large carports with parking for four vehicles, two dedicated laundry areas, and generous storage throughout, including a 120 square foot shed. With additional interior upgrade potential and possible ADU opportunities, the property offers meaningful long-term upside in one of North County San Diegos most coveted coastal communities. Properties offering this combination of location, size, and versatility are incredibly difficult to find, making this an opportunity that investors and owner-users will not want to miss. First time on the market in nearly 30 years, this spacious Encinitas triplex presents an extremely rare investor or owner-user opportunity. Ideally located just one block from the beach and within walking distance of Downtown Encinitas, the property features three separate units totaling more than 2,600 square feet. Each unit has been thoughtfully upgraded or exceptionally well-maintained, featuring quality wood or tile flooring, skylights, private balconies, incredible outdoor spaces, and beautiful city views. Additional highlights include two large carports with parking for four vehicles, two dedicated laundry areas, and generous storage throughout, including a 120 square foot shed. With additional interior upgrade potential and possible ADU opportunities, the property offers meaningful long-term upside in one of North County San Diegos most coveted coastal communities. Properties offering this combination of location, size, and versatility are incredibly difficult to find, making this an opportunity that investors and owner-users will not want to miss.

720 3rd, Encinitas

$3,349,000

8 Beds ⋅ 4 Baths ⋅ 260022191 MLS ⋅ ACTIVE Status

A newly renovated󠃳󠂠󠂀󠂠󠃢󠂁󠂢󠃢󠂁󠂣󠃢󠂁󠂣󠃍󠂏󠃍󠂏 turn-key coastal Encinitas multifamily asset with recently constructed ADU additions, and strong in-place income in one of Southern California’s most supply-constrained rental markets. Each residence offers abundant natural light, large private enclosed backyards, and mature landscaping that creates a unique residential environment rarely found in multifamily investments of this scale. The property combines modern improvements with a low-density coastal living experience that strongly differentiates it from traditional apartment product throughout Southern California. Introducing 931–937 Regal Road, a rare opportunity to acquire a standout property on a nearly 10,000 SF lot in the highly desirable coastal community of Encinitas. Completed with extensive renovations and recent additional units, construction and improvements finalized from 2020 to 2025, this exceptional investment offers a highly attractive unit mix. Units as follows: 3: 2 bed/1bath original residences and 1: 1 bed/1 bath ADU recently constructed. Plus additional adu. This is the Northerly half of mirror image courtyard development. The adjacent south multi unit mirror image property is also available separately. The property has undergone a comprehensive, transformation featuring newly constructed and fully remodeled original residences. Interior upgrades include modern quartz countertops, renovated kitchens and bathrooms, tile flooring throughout, updated electrical systems, new AC units serving the newly built units, and new roofs.

931-937 Regal Rd, Encinitas

$3,349,000

7 Beds ⋅ 4 Baths ⋅ 260022180 MLS ⋅ ACTIVE Status ⋅ Nk BLDG.

A newly renovated󠃳󠂠󠂀󠂠󠃢󠂁󠂢󠃢󠂁󠂣󠃢󠂁󠂣󠃍󠂏󠃍󠂏 turn-key coastal Encinitas multifamily asset with recently constructed ADU additions, and strong in-place income in one of Southern California’s most supply-constrained rental markets. Each residence offers abundant natural light, large private enclosed backyards, and mature landscaping that creates a unique residential environment rarely found in multifamily investments of this scale. The property combines modern improvements with a low-density coastal living experience that strongly differentiates it from traditional apartment product throughout Southern California. Introducing 921–927 Regal Road, a rare opportunity to acquire a standout property on a nearly 10,000 SF lot in the highly desirable coastal community of Encinitas. Completed with extensive renovations and recent additional units, construction and improvements finalized from 2020 to 2025, this exceptional investment offers a highly attractive unit mix. Units as follows: 2: 2 bed/1bath original residences and 2: 1 bed/1 bath ADU’s recently constructed. Plus additional ADU. This is the Northerly half of mirror image courtyard development. The adjacent south multi unit mirror image property is also available separately. The property has undergone a comprehensive, transformation featuring newly constructed and fully remodeled original residences. Interior upgrades include modern quartz countertops, renovated kitchens and bathrooms, tile flooring throughout, updated electrical systems, new AC units serving the newly built units, and new roofs. Located in one of North County San Diego’s most

921-927 Regal Rd, Encinitas

$4,775,000

8 Beds ⋅ 8 Baths ⋅ 260020303 MLS ⋅ ACTIVE Status ⋅ Beach BLDG.

Completed in 2022, the Property offers investors the rare opportunity to acquire a trophy-quality residential asset within walking distance of both Moonlight Beach and the vibrant shops, restaurants, and entertainment of Downtown Encinitas. Positioned in one of Southern California's most desirable coastal communities, 221 W G Street benefits from exceptional demographics, award-winning schools, a temperate year-round climate, and convenient access to the region's major employment centers. Its premier location places residents at the center of an unparalleled coastal lifestyle while supporting longterm tenant demand and investment stability. Each spacious townhome has been thoughtfully designed with luxury finishes and modern conveniences, featuring open floor plans with high ceilings, luxury kitchens with premium appliances, designer bathrooms, private yards, private balconies, air conditioning, and in-unit washers and dryers. Additional property enhancements include high-performance designer windows and rooftop solar that helps offset common area electrical expenses, creating an attractive combination of luxury, efficiency, and functionality. Beyond its exceptional location and superior construction, the Property offers investors a low maintenance ownership opportunity. Quality building materials, low maintenance landscaping, and recently completed improvements minimize near-term capital expenditures while positioning the asset for durable cash flow and long-term appreciation in one of San Diego County's most coveted coastal submarkets.

221-227 W G St, Encinitas

$2,850,000

8 Beds ⋅ 6 Baths ⋅ 260018858 MLS ⋅ ACTIVE Status

A rare coastal duplex that lives like two single-family homes, offering Peek-a-Boo ocean views in the heart of Encinitas. This exceptional side-by-side property features TWO spacious residences, each approximately 1,980 sq ft—larger than many single-family homes—offering 4 bedrooms and 2.5 bathrooms totaling to 3,960 sq ft with 8 bedroom, 5 bathrooms, 4 car garage situated on a approximately 10,000 sq ft of usable flat land. A versatile fourth bedroom with a private entrance and its own A/C mini-split is ideal for a home office, gym, guest suite, or in-law quarters. Fully renovated with stunning high-end finishes, including new roof, HVAC, windows, flooring, cabinetry, and countertops, the property delivers modern comfort and turnkey convenience. Each unit enjoys a large private backyard and a functional layout. Only the fourth bedroom/office, adjacent to the garage, shares one wall to ensure privacy. Situated minutes from Downtown Encinitas and Cardiff Town Center, on an expansive ~10,000 sq ft lot with 2-car garages for each unit plus additional parking for 6–7 vehicles or RV potential—an incredibly rare offering. Ideal for owner-users, investors, 1031 or short-term rental potential in a prime coastal location. No HOA!

658-660 Santa Fe Dr, Encinitas

$1,650,000

4 Beds ⋅ 2 Baths ⋅ 260017258 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.

**2 Units, Prime Coastal North County Location ~ Encinitas** Great Unit Mix: (2) 2Bedroom / 1Bathroom Units • Each Unit Has Private Yard w/ Washer/Dryer • Well-Maintained / High Income Property • Four (4) Off-Street Parking Spaces • ADU Potential • 1,320sf of Building Square Footage • 6,804sf Lot • Located Off I-5 and Santa Fe Dr Near San Dieguito High School and the Self-Realization Fellowship Gardens

1090 Gardena Rd, Encinitas

$2,100,000

NDP2605538 MLS ⋅ ACTIVE Status

LET YOUR DREAM󠃳󠂠󠂀󠂠󠃢󠂁󠂢󠃢󠂁󠂣󠃢󠂁󠂣󠃍󠂏󠃍󠂏 BEGIN IN LEUCADIA MINUTES FROM THE SAND A rare opportunity in highly sought-after North Leucadia, this exceptional coastal property offers more than 8,000 square feet of highly usable land and exciting potential to expand, redevelop, or create your own private coastal retreat. The property currently includes two income-producing studio units, offering immediate cash flow while you explore the possibilities for the future. Just minutes from the beach, local restaurants, cafs, shopping, and everything that makes the Leucadia lifestyle so desirable, this is a unique chance to own a versatile property in one of North County San Diegos most coveted coastal communities. Whether you envision a long-term investment, a redevelopment opportunity, or your dream coastal compound, the potential here is exceptional. Build. Invest. Dream. Leucadia awaits. LET YOUR DREAM BEGIN IN LEUCADIA MINUTES FROM THE SAND A rare opportunity in highly sought-after North Leucadia, this exceptional coastal property offers more than 8,000 square feet of highly usable land and exciting potential to expand, redevelop, or create your own private coastal retreat. The property currently includes two income-producing studio units, offering immediate cash flow while you explore the possibilities for the future. Just minutes from the beach, local restaurants, cafs, shopping, and everything that makes the Leucadia lifestyle so desirable, this is a unique chance to own a versatile property in one of North County San Diegos most coveted coastal communities. Whether you envision a long-term investment, a redevelopment opportunity, or your dream coastal compound, the potential here is exceptional. Build. Invest. Dream. Leucadia awaits.

1524 N Coast Hwy 101, Encinitas

$2,795,000

4 Beds ⋅ 4 Baths ⋅ NDP2605545 MLS ⋅ ACTIVE Status

Authentic coastal character, walk-to-beach location, and income from day one! 215-223 Lolita Street is the rare gem that captures the soul of old Encinitas. This five-unit coastal income property sits just three blocks, or 0.2 miles, from the sand of Moonlight Beach. Whether you're an investor seeking a turnkey opportunity or an owner-occupant craving the beach lifestyle, this one checks every box. The building consists of four cozy one-bedroom units and one charming studio with a loft, a versatile mix that appeals to a wide range of tenants and keeps vacancy low in this perpetually sought-after coastal market. The current ownership has invested heavily in the fundamentals. The entire property has been re-piped with hardline galvanized pipes, new roof vents installed, and every unit equipped with a new heater. A new commercial-grade water heater serves the building, and the studio features a fully remodeled bathroom giving the next owner true peace of mind. A comprehensive renovation in 2010 modernized the interiors throughout, including remodeled kitchens and bathrooms, upgraded plumbing and electrical, sound insulation between each unit, and beautiful bamboo flooring, all hallmarks of a well-loved, well-maintained property. Income properties just a short stroll to the sand in Encinitas are as coveted as they are scarce, don't let this one slip by! Authentic coastal character, walk-to-beach location, and income from day one! 215-223 Lolita Street is the rare gem that captures the soul of old Encinitas. This five-unit coastal income property sits just three blocks, or 0.2 miles, from the sand of Moonlight Beach. Whether you're an investor seeking a turnkey opportunity or an owner-occupant craving the beach lifestyle, this one checks every box. The building consists of four cozy one-bedroom units and one charming studio with a loft, a versatile mix that appeals to a wide range of tenants and keeps vacancy low in this perpetually sought-after coastal market. The current ownership has invested heavily in the fundamentals. The entire property has been re-piped with hardline galvanized pipes, new roof vents installed, and every unit equipped with a new heater. A new commercial-grade water heater serves the building, and the studio features a fully remodeled bathroom giving the next owner true peace of mind. A comprehensive renovation in 2010 modernized the interiors throughout, including remodeled kitchens and bathrooms, upgraded plumbing and electrical, sound insulation between each unit, and beautiful bamboo flooring, all hallmarks of a well-loved, well-maintained property. Income properties just a short stroll to the sand in Encinitas are as coveted as they are scarce, don't let this one slip by!

215-223 Lolita St, Encinitas

$6,800,000

NDP2605342 MLS ⋅ ACTIVE Status

Wonderful opportunity to own a performing asset and add value through condo conversion. Current Owners have owned the property since they built it. Wonderful opportunity to own a performing asset and add value through condo conversion. Current Owners have owned the property since they built it.

165-179 Sanford St, Encinitas

$2,495,000

3 Beds ⋅ 3 Baths ⋅ NDP2604589 MLS ⋅ ACTIVE Status

Rare opportunity close󠃳󠂠󠂀󠂠󠃢󠂁󠂢󠃢󠂁󠂣󠃢󠂁󠂣󠃍󠂏󠃍󠂏 to the beach! This unique income property features a charming 2-bedroom, 1-bath main house paired with an attached 1-bedroom, 1-bath ADU and a detached studio ADU three income-producing units on one lot, just moments from the sand. Currently home to performing tenants generating strong, reliable rents, this property is ideal for investors seeking immediate cash flow with long-term upside in a highly desirable coastal location. Value priced for the market an excellent entry point into beach-proximity real estate. Don't miss this rare combination of location, income, and flexibility. Rare opportunity close to the beach! This unique income property features a charming 2-bedroom, 1-bath main house paired with an attached 1-bedroom, 1-bath ADU and a detached studio ADU three income-producing units on one lot, just moments from the sand. Currently home to performing tenants generating strong, reliable rents, this property is ideal for investors seeking immediate cash flow with long-term upside in a highly desirable coastal location. Value priced for the market an excellent entry point into beach-proximity real estate. Don't miss this rare combination of location, income, and flexibility.

1034 3rd St, Encinitas

$20,100,000

45 Beds ⋅ 45 Baths ⋅ 260010705 MLS ⋅ ACTIVE Status

Kidder Mathews is proud to exclusively offer for sale this fully renovated, 32-unit luxury apartment community in the heart of coastal Encinitas. Nestled in one of North San Diego County’s most coveted beachside enclaves—just 0.8 miles from Moonlight State Beach and under 1 mile from Downtown Encinitas’ bustling shops, restaurants, and surf culture— The Gemma delivers an irreplaceable walk-to-everything lifestyle in a market with virtually no new supply. This turn-key trophy asset has undergone a complete 2025 renovation to institutional standards, featuring all-new quartz countertops, fully renovated kitchens and bathrooms, luxury vinyl plank flooring, new AC units, a brand-new roof, and full re-plumbing with new water supply lines in every unit. The freshly painted exterior enhances curb appeal, while 13 spacious two-bedroom, two-bath townhomes and 19 one bedroom, one-bath flats (32 units total) deliver a highly desirable, family-friendly mix commanding premium coastal rents. With quality post renovation systems installed, minimal near-term CapEx, and Encinitas vacancy below 2.5%, The Gemma offers immediate stabilized cash flow, organic rent growth, and long-term appreciation in a submarket where median home prices exceed $2.1M. This rare offering combines 2025-renovated luxury, proven coastal demand, and embedded upside—a true core-plus investment in the crown jewel of North County.

185 Saxony Rd, Encinitas

$6,995,000

6 Beds ⋅ 5 Baths ⋅ 260008804 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.

Oceanfront legacy meets massive equity opportunity on the premier south end of Neptune Ave, just steps from the heartbeat of downtown Encinitas. This prime location offers a lifestyle defined by immediate proximity to boutiques, award-winning dining, world-class surf breaks, local coffee roasters, and miles of sandy beaches. The expansive estate spans from the ocean waves to Neptune Ave, offering over 6,800 square feet of high-volume interior space along with a guest house. The property’s incredible scale represents a premier land-banking opportunity in one of the coast’s most coveted locations. With soaring vaulted ceilings, a rare 5-car garage, and a footprint designed for a world-class legacy compound, the infrastructure is perfectly positioned for the visionary buyer. Capitalize on this long-term appreciation holding while reimagining an architectural canvas into a record-setting coastal masterpiece. Some images in this listing have been generated using artificial intelligence for illustrative purposes. Actual property conditions differ. Actual images have been included in this listing.

200-2 Neptune, Encinitas

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