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1034 3rd Street

Encinitas, CA 92024

$2,495,000

Beds

—

Baths

—

Sqft

1,830

Year Built

1965

Days on Market

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

Down Payment

%($499,000)

Interest Rate

Loan Term

Location

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Comparable Properties

5 comps found

This Property

$6,004

Comp Average

$5,512

818 Crest Drive

3bd / 2ba · 1,935 sqft · Single Family

$1.70M

Est. $6,720/mo

2422 Summerhill

4bd / 2.5ba · 2,081 sqft · Townhouse

$1.50M

Est. $5,250/mo

1715 Kennington Road

3bd / 2ba · 1,616 sqft · Single Family

$1.60M

Est. $6,516/mo

1819 Milbank Rd.

2bd / 2ba · 1,347 sqft · Townhouse

$1.50M

Est. $5,414/mo

1602 San Remo Place

2bd / 1.5ba · 1,021 sqft · Townhouse

$1.65M

Est. $3,658/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

Est. Monthly Rent

$6,004

Monthly Cashflow

Rent − PITIA

$-9,835

Full Cashflow

Incl. vacancy, PM, maint, capex

$-13,295

Mortgage (P+I)

$12,616

Cap Rate

-0.33%

Cash-on-Cash

-31.97%

DSCR

Need ≥ 1.25 for DSCR loan

0.38

Break-even Rent

$23,270

NOI (Annual)

$-8,149

Price-to-Rent

Lower = better for investors

34.6

* 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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