Multi-Family
240 Birmingham Dr
240 Birmingham Dr, Encinitas, CA 92007
Listing Price: $4,700,000
Investment Overview
Marcus & Millichap is pleased to present 240 Birmingham Drive, a rare coastal development opportunity located in the heart of Cardiff-by-the-Sea, one of North County San Diego’s most sought-after communities. Situated on three parcels equaling ±12,208 square feet (0.28 acres), the property is currently improved with The Learning Tree Preschool, generating income while entitlements or redevelopment plans are pursued.
Zoned C-R11, the site offers a wide range of residential development possibilities, including detached and attached single-family or multi-family housing. The zoning permits up to 11 dwelling units per net acre, with development standards allowing for a 40% maximum lot coverage, a floor area ratio of 0.6 (or 0.51 depending on lot configuration), and building height limits of 22 feet for flat roofs and 26 feet for pitched roofs.
Ideally positioned just blocks from the beach, 240 Birmingham Drive provides an exceptional opportunity to deliver new housing in a walkable, amenity-rich setting. Cardiff-by-the-Sea is renowned for its laid-back surf culture, strong community identity, and coastal accessibility. Residents enjoy world-class beaches, scenic trails, boutique shopping, local dining, and top-rated schools—all within minutes. This unique combination of existing income, flexible zoning, and premier location makes 240 Birmingham Drive a standout development opportunity along San Diego’s North County coast.
240 Birmingham Dr
Investment Highlights
- Rare Coastal Development Opportunity : ·±12,208 SF lot (0.28 acres) in the heart of Cardiff-by-the-Sea, one of North County San Diego's most desirable coastal enclaves.
- Existing Income Stream: Currently improved with The Learning Tree Preschool, providing cash flow during entitlement or redevelopment.
- Flexible Zoning (C-R11): Permits a variety of residential uses including detached/attached single-family and multifamily housing.
- Entitlement Potential: Zoning allows for up to 11 dwelling units per net acre, with favorable development standards including 40% maximum lot coverage, FAR of 0.6 (0.51 depending on lot configuration), and building heights up to 26 feet.
- Premier Coastal Location: Just blocks from the beach, with walkable access to local shops, cafes, Seaside Market, and Cardiff's world-famous surf breaks.
- Strong Community Appeal: Cardiff is known for its laid-back lifestyle, highly rated schools, outdoor recreation, and enduring demand for quality housing.
- Outstanding Market Fundamentals: Limited supply of developable coastal land in San Diego County enhances long-term value and exit opportunities.
Exclusively Listed By
Listing Price: $4,700,000
Investment Highlights
- Rare Coastal Development Opportunity : ·±12,208 SF lot (0.28 acres) in the heart of Cardiff-by-the-Sea, one of North County San Diego's most desirable coastal enclaves.
- Existing Income Stream: Currently improved with The Learning Tree Preschool, providing cash flow during entitlement or redevelopment.
- Flexible Zoning (C-R11): Permits a variety of residential uses including detached/attached single-family and multifamily housing.
- Entitlement Potential: Zoning allows for up to 11 dwelling units per net acre, with favorable development standards including 40% maximum lot coverage, FAR of 0.6 (0.51 depending on lot configuration), and building heights up to 26 feet.
- Premier Coastal Location: Just blocks from the beach, with walkable access to local shops, cafes, Seaside Market, and Cardiff's world-famous surf breaks.
- Strong Community Appeal: Cardiff is known for its laid-back lifestyle, highly rated schools, outdoor recreation, and enduring demand for quality housing.
- Outstanding Market Fundamentals: Limited supply of developable coastal land in San Diego County enhances long-term value and exit opportunities.
Investment Overview
Marcus & Millichap is pleased to present 240 Birmingham Drive, a rare coastal development opportunity located in the heart of Cardiff-by-the-Sea, one of North County San Diego’s most sought-after communities. Situated on three parcels equaling ±12,208 square feet (0.28 acres), the property is currently improved with The Learning Tree Preschool, generating income while entitlements or redevelopment plans are pursued. Zoned C-R11, the site offers a wide range of residential development possibilities, including detached and attached single-family or multi-family housing. The zoning permits up to 11 dwelling units per net acre, with development standards allowing for a 40% maximum lot coverage, a floor area ratio of 0.6 (or 0.51 depending on lot configuration), and building height limits of 22 feet for flat roofs and 26 feet for pitched roofs. Ideally positioned just blocks from the beach, 240 Birmingham Drive provides an exceptional opportunity to deliver new housing in a walkable, amenity-rich setting. Cardiff-by-the-Sea is renowned for its laid-back surf culture, strong community identity, and coastal accessibility. Residents enjoy world-class beaches, scenic trails, boutique shopping, local dining, and top-rated schools—all within minutes. This unique combination of existing income, flexible zoning, and premier location makes 240 Birmingham Drive a standout development opportunity along San Diego’s North County coast.
Exclusively Listed By
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