2517 El Camino Del Norte

Encinitas CA 92024

$4,599,000

Status: Active

Property Details

Description

Truly a unique & extraordinary property. Six legally permitted units located on 1.67 acres in Olivenhain. Over 6930 sq. ft. of living space set in a tranquil rural location. All units are single story with 2 Bedrooms & 2 Baths plus full kitchens, walk-in closets & private patios.. Each unit has an adjoining carport with additional storage located adjacent. Three of the units have fireplaces. All units are on sewer and are separately metered for SDG&E. Owner covers water & trash. Rental rates vary and are all below current market rate. Beautiful mature landscaping surrounds this uniquely designed mid-century modern structure providing a peaceful serene rural setting. All units have been well maintained but vary in upgrades. Possible uses for this site are endless. Property could be used for a private school, recovery center or elderly care facility. There is also potential for future development. According to the City, the units can be replaced with 6 detached condos which can be sold individually. Affordable requirements can possibly be met by adding 2 ADU's to the project. Adjacent .51 acre parcel accessing off Cole Ranch Road is also available for sale. This parcel has an existing 1" water meter and a sewer lateral already installed. The site is flat and totally useable. Contact agent for a complete package.

Map Location

​​​​​​​

Listing provided courtesy of Kyle Murphy of Coldwell Banker Realty. Last updated 2022-09-25 09:16:29.000000. Listing information © 2021 PACIFICSOTHEBYSFULLSANDICORCOMBINED.

Justin Brennan

Justin Brennan

DRE# 01866398
Inquire Now
admin Real estate 9:00 AM - 5:00 PM 9:00 AM - 5:00 PM 9:00 AM - 5:00 PM 9:00 AM - 5:00 PM 9:00 AM - 6:00 PM 9:00 AM - 5:00 PM 9:00 AM - 5:00 PM https://www.royacdn.com/unsafe/smart/Site-9c835aee-ab3f-4c6b-9c24-69713d86ab35/realtor_Justine.jpg realtor # # #