A newly renovated coastal Encinitas 5 unit multifamily asset with recently constructed buildings, and strong in-place income in one of Southern California’s most supply-constrained rental markets. Introducing 921–927 Regal Road, a rare opportunity to acquire a standout 5-unit property on a nearly 10, 000SF lot in the highly desirable coastal community of Encinitas. Completed with extensive renovations and recent additional new-build units and improvements finalized from 2020 to 2025, this exceptional investment offers a highly attractive unit mix of two (2) two-bedroom / one-bath units and three (3) one-bedroom / one-bath units. Total of 7 bed, 5 baths This is the Northerly half of mirror image courtyard development. The south 5 unit property is also available separately. The property has undergone a comprehensive transformation featuring newly constructed and fully remodeled residences. Interior upgrades include modern quartz countertops, renovated kitchens and bathrooms, tile flooring throughout, updated electrical systems, new AC units serving the newly built units, and new roofs. Each residence offers abundant natural light, large private enclosed backyards, and mature landscaping that creates a unique residential environment rarely found in multifamily investments of this scale. The property combines modern improvements with a low-density coastal living experience that strongly differentiates it from traditional apartment product throughout Southern California. Located in one of North County San Diego’s most desirable rental markets.