1034 3rd Street
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1034 3rd Street

C

Encinitas, CA 92024

$2,495,000

Beds

Baths

Sqft

1,830

Year Built

1965

Days on Market

59

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

NDP2604589

This property is in Encinitas (92024). View neighborhood stats →

Virtual Tour

About This Property

Photos from prior tenants. Three units. At the beach. Room to improve. Value-add coastal opportunity featuring a 2BD/1BA, a 1BD/1BA, and a detached studio — all on one of North County's most sought-after neighborhoods. The two front units share a wall; the studio sits detached for added flexibility.

Mortgage Calculator

Est. Monthly Payment

$15,839

Principal & Interest$12,616
Property Tax$2,495
Insurance$728
%($499,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$6,397
Monthly Cashflow

Rent − PITIA

$-9,442
Full Cashflow

Incl. vacancy, PM, maint, capex

$-12,993

Mortgage (P+I)
$12,616
Cap Rate
-0.18%
Cash-on-Cash
-31.24%
DSCR

Need ≥ 1.25 for DSCR loan

0.40
Break-even Rent
$23,270

NOI (Annual)
$-4,518
Price-to-Rent

Lower = better for investors

32.5

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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