Here is a fantastic investment opportunity in the high-demand rental market of coastal Encinitas. Built in 1962, this duplex is ready to remodel for investment property. Or, you could redevelop and build your dream home! 1070 & 1072 Arcadia are situated on a large 1/5 acre lot on the west side of Arcadia in Avocado Acres. The two units are separated by individual garages, so there are no shared walls. They both feel like detached homes! There is one parking space at street level, and plenty of additional parking in the large driveway. The front unit (#1070) offers 2 bedrooms and 1 bathroom. Approximate size is 841 square feet. The kitchen opens to a private fenced yard. The adjacent one-car garage includes washer and dryer hookups. The kitchen features a large pantry and gas range. The back unit (#1072) features 3 bedrooms and 2 bathrooms in approximately 1600 square feet. The entire second floor comprises a large master suite, with a balcony that offers a peek ocean view. Downstairs, the living room with fireplace is accented by generous windows and original oak flooring. The oak flooring extends to the large dining room adjacent to the kitchen. The kitchen features a large pantry and gas range. The kitchen opens to a deck, with steps leading down to a patio and private fenced yard. The adjacent one-car garage includes washer and dryer hook-ups. Opportunity awaits at 1070 & 1072 Arcadia: owner occupy, buy with a partner, or do long- or short-term rentals for awesome cashflow! Current potential rents are $2200 and $1800, in as-is condition. When renovated, estimated market rents will be $3000 and $2000. MLS #160059436
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