Home | San Diego County | Encinitas | 92024 | 185 Saxony Rd
MLS: SD260010705 | Status: | Price: $20,100,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | – | – |
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 lu
| Field | Value |
|---|---|
| MLS # | SD260010705 |
| MLS Source | San Diego MLS |
| Days on Site | 9 |
Ray Adams
Ray Adams Investment Real Estate Inc
License #: 00989238
Phone: (619) 884-5456
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 7 | – | 32 |
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This listing information is up-to-date as of May 04, 2026. For the most current information, please contact Ray Adams, (619) 884-5456.