Encinitas Multi-Family Properties for Sale

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Newest Encinitas Multi-Family Homes for Sale

$1,800,000

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 • 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 YOU DREAM BUSINESS BEGIN IN LEUCADIA MINUTES TO THE SAND Rarely available in North Leucadia, this exceptional property offers 8,000+ sq. ft. of highly usable, buildable land with endless possibilities for expansion, redevelopment, or creating your dream coastal compound. The property currently features two income-producing studio units, providing immediate cash flow while you plan for the future. Located just minutes from beaches, restaurants, and the vibrant Leucadia lifestyle, this is a unique opportunity to secure valuable coastal real estate with both current income and outstanding upside potential. Leucaadia is one of the top 10 most desirable communities in all of San Diego County. Build. Invest. Dream. Leucadia awaits. LET YOU DREAM BUSINESS BEGIN IN LEUCADIA MINUTES TO THE SAND Rarely available in North Leucadia, this exceptional property offers 8,000+ sq. ft. of highly usable, buildable land with endless possibilities for expansion, redevelopment, or creating your dream coastal compound. The property currently features two income-producing studio units, providing immediate cash flow while you plan for the future. Located just minutes from beaches, restaurants, and the vibrant Leucadia lifestyle, this is a unique opportunity to secure valuable coastal real estate with both current income and outstanding upside potential. Leucaadia is one of the top 10 most desirable communities in all of San Diego County. Build. Invest. Dream. Leucadia awaits.

1524 N Coast Hwy 101, Encinitas

$2,995,000

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

$2,950,000

8 Beds ⋅ 6 Baths ⋅ 260013601 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

$7,100,000

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

$3,400,000

8 Beds ⋅ 5 Baths ⋅ 260013330 MLS ⋅ ACTIVE Status

A newly renovated coastal Encinitas multifamily trophy asset with quality upgrades, strong in-place income, and long-term upside 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 multifamily property in the highly desirable coastal community of Encinitas. Completed with extensive renovations and recent additional units new construction 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. 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 a new roof. 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

$3,400,000

7 Beds ⋅ 5 Baths ⋅ 260013329 MLS ⋅ ACTIVE Status

A newly renovated coastal Encinitas multifamily trophy asset with quality upgrades, strong in-place income, and recently constructed additions in one of Southern California’s most supply-constrained rental markets. Introducing 921–927 Regal Road, a rare opportunity to acquire a newly renovated 5-unit multifamily property in the highly desirable coastal community of Encinitas. Completed with extensive renovations and recent additional units construction with 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 a new roof. 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

$1,800,000

NDP2604731 MLS ⋅ ACTIVE Status

Just moments from Beacons Beach, this charming Nantucket-style single-level property offers a rare blend of coastal character, flexibility, and opportunity in one of Encinitas most dynamic corridors. Situated along South Coast Highway 101 among popular boutiques, restaurants, cafes, and neighborhood retail, the property is commercially zoned and designated mixed use, creating a wide range of potential residential, commercial, income-producing, or adaptive-use possibilities. Currently operating as a successful short-term rental, the property presents opportunities for continued income generation, owner occupancy, live/work use, boutique commercial concepts, redevelopment potential, or other creative uses permitted by zoning and municipal regulations. The value of the property is strongly influenced by its premier location, zoning flexibility, and potential future use options in this highly sought-after coastal market. Set on a spacious lot with abundant parking, the property features parking directly in front as well as additional off-street parking on a gravel pad accessible from the paved rear alley. Charming Dutch doors welcome you into the thoughtfully updated interior, where youll find one bedroom plus a flexible bonus space ideal for a home office, studio, creative workspace, or guest overflow area, opening to a generously sized dining space. The upgraded kitchen and bathroom showcase quality finishes, including a full-size gas range and oven, ample prep space, and a striking mixed inlaid glass backsplash that adds a dramatic designer touch. Laminate and tile flooring Just moments from Beacons Beach, this charming Nantucket-style single-level property offers a rare blend of coastal character, flexibility, and opportunity in one of Encinitas most dynamic corridors. Situated along South Coast Highway 101 among popular boutiques, restaurants, cafes, and neighborhood retail, the property is commercially zoned and designated mixed use, creating a wide range of potential residential, commercial, income-producing, or adaptive-use possibilities. Currently operating as a successful short-term rental, the property presents opportunities for continued income generation, owner occupancy, live/work use, boutique commercial concepts, redevelopment potential, or other creative uses permitted by zoning and municipal regulations. The value of the property is strongly influenced by its premier location, zoning flexibility, and potential future use options in this highly sought-after coastal market. Set on a spacious lot with abundant parking, the property features parking directly in front as well as additional off-street parking on a gravel pad accessible from the paved rear alley. Charming Dutch doors welcome you into the thoughtfully updated interior, where youll find one bedroom plus a flexible bonus space ideal for a home office, studio, creative workspace, or guest overflow area, opening to a generously sized dining space. The upgraded kitchen and bathroom showcase quality finishes, including a full-size gas range and oven, ample prep space, and a striking mixed inlaid glass backsplash that adds a dramatic designer touch. Laminate and tile flooring complement the coastal aesthetic, while Dutch doors at both the front and side entrances enhance the homes timeless beach-town character. Designed for seamless indoor-outdoor living, the property offers inviting gathering spaces both inside and out. The private side patio includes a storage shed ideal for beach gear, surfboards, linens, or business storage, along with an outdoor shower and a separate closet housing a stackable washer and dryer. A built-in surfboard rack keeps boards neatly organized, while the patio comfortably accommodates al fresco dining, entertaining, and relaxed coastal living. With expansive yard space and possible potential for additional structures, expansion, or reconfiguration subject to city approval, this is an exceptionally rare opportunity to acquire a versatile coastal property in a premier beach-close location with a variety of possible future uses. Additionally, the seller may own nearby properties that could potentially be made available for purchase in conjunction with this offering. Interested parties are encouraged to inquire with the listing broker for additional information. A truly unique South Coast Highway opportunity.

748 N Coast Highway 101, Encinitas

$6,799,999

15 Beds ⋅ OC26098360 MLS ⋅ ACTIVE Status

Newer-construction 10-unit multifamily complex located in Encinitas, California. Major renovation work was completed in January 2025. The property consists of two parcels with two separate APNs and offers a desirable unit mix of five one-bedroom/one-bath units and five two-bedroom/one-bath units, all of which have been completely remodeled and/or newly built. The units feature large enclosed backyards, mature landscaping, and abundant natural light. This turn-key trophy asset has undergone a comprehensive renovation to institutional standards, including all-new quartz countertops, renovated kitchens and bathrooms, tile flooring throughout all units, new AC units in the newly constructed units completed in 2025, upgraded electrical panels, and a new roof. Seller is also a CA licensed salesperson and have interest in the property. Newer-construction 10-unit multifamily complex located in Encinitas, California. Major renovation work was completed in January 2025. The property consists of two parcels with two separate APNs and offers a desirable unit mix of five one-bedroom/one-bath units and five two-bedroom/one-bath units, all of which have been completely remodeled and/or newly built. The units feature large enclosed backyards, mature landscaping, and abundant natural light. This turn-key trophy asset has undergone a comprehensive renovation to institutional standards, including all-new quartz countertops, renovated kitchens and bathrooms, tile flooring throughout all units, new AC units in the newly constructed units completed in 2025, upgraded electrical panels, and a new roof. Seller is also a CA licensed salesperson and have interest in the property.

921 Regal, 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

$3,895,000

7 Beds ⋅ 5 Baths ⋅ NDP2601186 MLS ⋅ ACTIVE Status

Rare opportunity in the heart of Leucadia to own (7) seven units, all located on a .4-acre flat usable lot west of Interstate 5. Over 3600 total sq. feet of living space. Units consist of (1) 2-bedrooms, 2 full baths, (2) 2-bedroom 1 full bath, (3) 1-Bedroom 1 bath and (1) studio unit. There is an oversized two car garage, covered carport, onsite laundry facility, private yards, and plenty of extra storage areas. Beautiful mature landscaping surrounds this uniquely designed building (including two cottages) providing a peaceful serene setting. All units are connected to the city sewer and there are 4 separate gas meters. Three of the units have been remodeled in the past year. Hillcrest is an ideal property with endless long term or short-term upside. Rare opportunity in the heart of Leucadia to own (7) seven units, all located on a .4-acre flat usable lot west of Interstate 5. Over 3600 total sq. feet of living space. Units consist of (1) 2-bedrooms, 2 full baths, (2) 2-bedroom 1 full bath, (3) 1-Bedroom 1 bath and (1) studio unit. There is an oversized two car garage, covered carport, onsite laundry facility, private yards, and plenty of extra storage areas. Beautiful mature landscaping surrounds this uniquely designed building (including two cottages) providing a peaceful serene setting. All units are connected to the city sewer and there are 4 separate gas meters. Three of the units have been remodeled in the past year. Hillcrest is an ideal property with endless long term or short-term upside.

273 Hillcrest Dr, Encinitas

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