136 E. Jason St. Encinitas, CA 92024

Summary

Palma Commercial secured the exclusive listing for this five (5) unit multifamily property located in the Leucadia neighborhood. The property features a single story three-bedroom house in the front, and a two-story fourplex in the back with all one-bedroom and studio units, as well as two garage and a laundry room. The buildings sit on a nearly 10,000 square foot lot, with 10+ surface off-street parking spaces.

Joe Burrough of Palma Commercial was procuring cause of the transaction, representing both buyer and seller. The sale included multiple seller extensions to allow more time for their search to identify and secure the optimal up-leg property and complete their 1031 exchange.

Located in the highly desirable and ever improving coastal enclave of Leucadia, 136 E. Jason is within walking distance to local beaches, many trendy restaurants, the new Ailila Marea beach resort, and nearby mixed-use developments currently in the works. This was one of only two 5+ unit multifamily properties to have sold in Encinitas within a 12 month period.