185 Saxony Rd,Encinitas, CA 92024
Encinitas, CA 92024
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.
Details
| MLS # | 260010705SD |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 183 |
| Listing Provided By | Ray Adams Investment Real Estate Inc | Ray Adams |
Features
| Units | 32 |
|---|---|
| Building(s) | 7 |
Interior
| Heating Yes / No | No |
|---|---|
| Cooling Yes / No | Yes |
Area Information
| State | CA |
|---|---|
| County | San Diego |
| City | Encinitas |
| Zip Code | 92024 |
| Area | 92024 Encinitas |
| Listing VS Median (in 92024) | |
Price: $20,100,000 low | high Med: $1,349,500 On site: 183 low | high Med: 38 | |
Market Activity 92024
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Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | Encinitas |
| Zip Code | 92024 |
| Area | 92024 Encinitas |
| Listing VS Median (in 92024) | |
Price: $20,100,000 low | high Med: $1,349,500 On site: 183 low | high Med: 38 | |