185 Saxony Rd, Encinitas, CA 92024
185 Saxony Rd, Encinitas, CA 92024
185 Saxony Rd, Encinitas, CA 92024
185 Saxony Rd, Encinitas, CA 92024
185 Saxony Rd, Encinitas, CA 92024
185 Saxony Rd, Encinitas, CA 92024
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Jeffrey Walker

Jeffrey Walker

+1(949) 903-3731
$ 20,100,000
Est. payment | /mo
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$ 20,100,000
Est. payment | /mo
Save Virtual Tour

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 260010705SD

HOA Y/N No

Property Sub-Type Mixed Use

Property Description

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.

Location

State CA

County San Diego

Area 92024 - Encinitas

Interior

Fireplace No

Others

Tax ID 2581110300

Virtual Tour https://www.propertypanorama.com/instaview/snd/260010705

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Ray Adams Ray Adams Investment Real Estate Inc #00989238

Nearby Locations

Jeffrey Walker

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 903-3731

jeffrey@walkerpropertygroupca.com

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185 Saxony Rd

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