Description

221–227 W. G Street is a 4-unit multifamily property for sale at 221 West G Street in Encinitas, CA. Built in 2022, the Property offers a buyer a recent construction date and a defined rental income profile.

The Property contains 4,884 SF on 0.1083 acres. Its units average 1,221 SF, with average rent of $5,839.25 per month. Those figures give a buyer a view of the scale of the asset and the income associated with each residence without relying on a broad unit count alone. The 2022 construction date is central to the investment profile, while the parcel size keeps the physical scope of the acquisition clear. For a multifamily investor, this is a compact property whose operating story can be examined at the unit level.

The asking price is $4,775,000, or $1,193,750 per unit and $978 PSF. NOI is $194,160, with a 4.10% cap rate; in-place NOI is also $194,160, with an in-place cap rate of 4.07%. In-place rents are $286,044 against market rents of $290,760, giving a buyer two distinct rent figures to underwrite rather than an assumed increase. The 16.7 GRM and 16.4 potential GRM add further measures of the income profile. The opportunity is a recently built Encinitas multifamily acquisition with pricing and operating figures that support a focused review of its current income.