Located west of Interstate 5 and situated in a single family and multifamily residential neighborhood, 243 E. Glaucus consists of 5 large apartment homes of two, three and four-bedroom floor plans. The property records show six legal units, which allows an investor to reconfigure floor plans to add one more unit. The property is just a few short blocks from Leucadia State Beach and retail and dining along from N. Coast Highway 101. The low density site features single level units with large private patios or yards and plenty of off street parking. The large floor plans are well designed and offer significant rental upside by completing interior and exterior renovations. Two units are reserved for households earning eighty percent (80%) or less of Area Median Income (AMI) for San Diego County for a period of 20 years from January 28, 2020. The investment offers multiple alternative exit strategies including redevelopment or the addition of accessory dwelling units.