This TURNKEY property has been used by one couple as a primary residence only. It has not been used as a rental property and therefore there is no history of rental income nor rental expenses. Positioned in one of Southern California's most coveted coastal markets, this rare downtown Encinitas property presents an outstanding opportunity to acquire a premier infill development site with immediate income potential. Situated on a 5,000+ square foot lot and improved with three existing residences, the property offers the unique advantage of generating rental income while planning and pursuing future redevelopment. Located within the highly desirable Downtown Commercial Mixed-Use (D-CM-2) zoning district, the site provides exceptional flexibility for residential, retail, professional office, or mixed-use development (buyer to verify all permitted uses and development potential). Just a short walk to the beach, historic Highway101, acclaimed restaurants, cafs, boutiques, and transit, the property's premier location supports a wide range of development opportunities in one of North County's highest-demand coastal communities. Whether your vision includes a boutique mixed-use project, luxury residential residences, a live/work concept, or a long-term strategic land investment, this property offers the location, zoning, and existing cash flow to maximize value. Opportunities to acquire developable property with holding income in downtown Encinitas are exceptionally limited, making this a compelling investment for developers seeking a signature project in an irreplaceable coastal location. Buyer to confirm all details before COE.