OPPORTUNITY OF A LIFETIME: Cash-flowing TRIPLEX at MOONLIGHT BEACH in ENCINITAS FIRST TIME on the market in 45 YEARS, this family-owned and deeply-loved, eclectic TRIPLEX is an investment trifecta: LOCATION, UNIT MIX & LIST PRICE. : : Introducing 209 Melrose Avenue – A real estate gem in the heart of iconic Encinitas. UNIT MIX: STUDIO + 2 BED/1 BATH + 2 BED/1 BATH, with private decks, a rooftop view and an on-site laundry room. INCOME PRODUCING: The three units are currently being used as follows: (1) an owner's Studio, (2) a long-term rental and (3) a highly profitable short-term rental (STR) with consistent bookings and an impressive return on investment. Encinitas, defined by its roots in surf and beach culture, is one of San Diego’s most famed coastal communities. 209 Melrose is a unique beachside bungalow on a quiet street, just blocks from the sand at Moonlight Beach. Property features include ample parking, private outdoor spaces, a relaxing hot tub and rooftop views. In 2023, Forbes Magazine recognized Encinitas as one of the best places in the world to travel. Nestled along the picturesque SoCal coast, this vibrant city is not just a destination for tourists; it's an extraordinary opportunity for those seeking a high-ROI investment or multi-use (commercial and residential zoning) to bring visions to life. Also located one block from downtown Encinitas on Highway 101, which is home to the area’s MOST POPULAR AND HIP dining, retail, salons, bars, coffee shops, breweries, art galleries and iconic San Diego landmarks, including Swami’s surf break, the La Paloma Theatre, the Self-Realization Fellowship Hermitage & Meditation Gardens and the Encinitas Farmers Market. Biking distance to Leucadia, Cardiff-by-the-Sea and Carlsbad, and the Alila Marea, the areas newest beachside resort with rooftop bar and restaurant. Ocean enthusiasts can enjoy a plethora of water sports, with options for rental equipment throughout the area. Eli Howard Surf School offers lessons for all skill levels at renowned surf spots like Swami's, Grandview, Ponto, and Stonesteps. Explore the diversity of local beaches, including Swami's, Moonlight Beach, Beacon's Beach, Grandview, and Stonesteps, each offering unique coastal experiences. Moonlight Beach, also famous for its beach volleyball, picnic and playground areas, ample parking and even sand-side food delivery services, continue to draw visitors making it one of the busiest beaches in SoCal. As an art and culture HUB, Encinitas offers an array of arts and entertainment for everyone. The Surfing Madonna Oceans Project showcases the iconic Surfing Madonna mosaic, a symbol of ocean conservation. Wander through the San Diego Botanical Garden, featuring 29 specialty gardens with over 5,000 plant varieties, creating an oasis of natural beauty. Enjoy live music and entertainment in the hip nightlife at The Roxy, hosting over 570 live music shows per year, or La Paloma Theater, San Diego's oldest theater with unique character and ambiance. Enjoy fresh produce and local goods at the Leucadia Farmer's Market, a Sunday outdoor market that's a community favorite. Don't miss Encinitas Cruise Nights, a summer event where vintage cars line the streets. Explore scenic hiking trails like Encinitas Ranch Trail, Manchester Preserve, and Annie's Canyon Trail. Encinitas offers the quintessential Southern California lifestyle. With its beautiful beaches, renowned surfing and vast options of activities and amenities, it's the ideal location to call home or to maximize a real estate investment. :: Property sold AS IS, no repairs or repair credits. ::