943-45 Bracero Rd

Classic duplex with great ocean views on a quiet street lined with luxury residences.  Come tour this highly usable oversized lot with amazing optionality:
-    Design your dream home while earning rental income
-    Improve the units to optimize cash flow
-    Land bank in one of the country’s fastest growing zip codes
-    Rent one unit and live in the other to seize a foothold in Olde Encinitas and enjoy everything North County has to offer.

Building
Welcome to 943-45 Bracero Road, a duplex with identical upper and lower floorplans, each featuring two bedrooms, one bathroom, generous sized living room, dining area, and full kitchen.

The lower unit overlooks a spacious front yard and nice ocean view beyond.  Its dining area also opens onto a large, private, fully-fenced backyard with covered patio, garden boxes, picnic table, and hammock.

The upper unit features stunning ocean views from a huge private deck to the south and west. These sweeping views are showcased by floor-to-ceiling windows that flood the unit with natural light and extend the coastal experience into living and dining spaces.  

The property also features a 2-car garage and separate laundry room.

Income
Current rent for both units combined:  $5,900/mo
“As is” projected rent:  $7,400/mo
“Improved” projected rent:  $10,000/mo+

Lot
This flat, square, highly usable, 6,800sf lot offers is well located near the high school, but out of the fray.  Bracero Road lies in the heart of town, but sits quietly at the gateway to Olde Encinitas, where heritage properties on oversized parcels are framed by lush vegetation instead of sidewalks in discreet enclaves that escape traffic patterns.  A quick tour of this neighborhood reveals a tidal wave of development that improved virtually all parcels, with this subject property being a rare exception and a valuable diamond in the rough.

Development Potential
Offering great potential and optionality, this amazing location, with flat lot, versatile site placement, and stunning ocean views, checks every box for those seeking a spectacular compound; perfect for a main residence, guest home, and loads of opportunities for indoor/outdoor areas, swimming pool, and yard space.

 Neighborhood
Olde Encinitas is loosely defined by a network of legacy streets (Bracero, Camino De Orchidia, Camino El Dorado, Ocean Bluff, Wotan, Oceanic, Crest, Via Tiempo, etc.) and unofficially recognized by locals as an independent identity.  Its prestigious, yet casual character, is best summarized as a bastion of old California charm, with oversized parcels, lush mature landscaping, and Torrey Pine trees that still line streets without sidewalks.  A few minutes from the coast, this coveted neighborhood is everything we love about the beach, without the tight quarters and parking pressure.

Inland Access
Sufficiently insulated, but close enough for easy convenience, you “go in” (i.e. east) to El Camino Real, where a quick left leads to everything mass-market, from Trader Joe’s to Target, and everything in between.

Coastal Access
Surfers and beach lovers enjoy a strong connection to the sea, ritualistically driving the one mile straight shot down Requeza to legendary surf breaks “down the hill”.  You also go “down the hill” for gourmet staples and fresh ingredients at Seaside Market, breakfast at Pipes, the freshest VG’s doughnuts, cozy dining at Trattoria Positano or Cicciotti’s, trendy nights out at The Waverly, and shopping at Patagonia or Fowler’s Boutique.

The Historic Hwy 101 in downtown Encinitas also features the Rail Trail linking Del Mar, Cedros Design District at Solana Beach, San Elijo Lagoon, Cardiff Towne Center, Leucadia, as well as our stretch of renowned beaches, including Seaside, Cardiff Reef, and Swami’s.

Move here and instantly plug into an amazing community with award-winning schools, world class beaches, great dining, farmers markets, shops, galleries, parks, trails, train station, freeway access, and everything North County has to offer.

No HOA or Mello Roos!