MLS# 250035734 – 132 Phoebe Street, Encinitas, CA 92024

Price: $3,250,000
Beds: 4
Baths: 4
Living Area SqFt: 1,376
Status: Active
Property Type: All Other Attached
Year Built: 1952
Neighborhood: Encinitas
Days on Website: 4

Courtesy of 1st Class Real Estate SD 619-384-8163

Property Description

Don’t miss this rare coastal opportunity, 4 units just steps from the beach in the heart of Leucadia! Set on a large 9,439 sq ft lot, properties of this size and location, west of Coast Hwy are incredibly rare. Offers the ultimate coastal lifestyle-walk to the beach, shops, restaurants, and local cafés in minutes. With 4 income-producing units already in place, this property offers excellent cash flow as-is, with the potential to bring in $15k+/month. Investment options for long term rentals or Airbnb short term rentals. Alternatively, if looking for your forever home, this is a unique opportunity to build your dream coastal home on one of Leucadia’s most coveted lots, blending lifestyle, location, and long-term investment. All 4 units have been recently updated, with over $350,000 invested into the property in the past few years. Whether you’re looking to invest, build, or live, this property delivers it all.

Open House

Property Details and Features

  • Appliances & Equipment
  • “Dishwasher”
  • “Dryer”
  • “Microwave”
  • “Refrigerator”
  • “Washer”
  • “Gas Range”
  • Bathrooms
  • 4 total bathrooms
  • 4 full bathrooms
  • Bedrooms
  • 4 total bedrooms
  • 4 possible bedrooms
  • Building
  • Built in 1952
  • Building area total: 1376
  • 1 stroy
  • 1 story total
  • Living area: 1376
  • Living area units: Sqft
  • Building area units: Sqft
  • Building name: Encinitas
  • Entry level: 1
  • 4 total units
  • “Stucco”
  • “1 Story”
  • Community
  • 4 units in community
  • Cooling
  • “N/K”
  • Fence
  • “Partial”
  • Water Features
  • Water source: “Meter on Property”
  • Heating
  • “Wall/Gravity”
  • Laundry
  • “Electric”
  • “Gas”
  • Listing
  • Listing ID: 250035734
  • List price: $3,250,000
  • 4 days on market
  • Listing contract date: 2025-08-08
  • MLS area major: Coastal North
  • Special listing conditions: “N/K”
  • “Cash”
  • “Conventional”
  • “VA”
  • Location
  • Subdivision: ENCINITAS
  • Lot
  • Size units: Acres
  • Parking
  • Total: 4
  • “None Known”
  • Pool
  • “N/K”
  • Property
  • Property subtype: All Other Attached
  • Property type: Residential
  • Roof
  • “Other/Remarks”
  • Sewer
  • “Sewer Connected”

Property Map

$3,250,000 – 132 Phoebe Street, Encinitas, CA 92024

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Marc Lyman delivers results with a proven track record in San Diego real estate. Marc leverages more than a decade of expertise in San Diego's dynamic real estate market. Known for his innovative marketing strategies, unwavering integrity, exemplary communication, and tenacious commitment to client satisfaction, Marc orchestrates smooth and seamless transactions while always prioritizing your best interests. With sharp negotiation skills, a deep understanding of San Diego’s neighborhoods, and a strategic, client-focused approach, Marc is dedicated to providing conscientious counsel and maximizing your real estate success. Whether you're buying or selling a home in San Diego, connect with Marc today and experience the expertise that leads to successful real estate results.

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MLS# 250035734 – 132 Phoebe Street, Encinitas, CA 92024