1036 Neptune Ave
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1036 Neptune Ave

D

Encinitas, CA 92024

$7,500,000
NEW — 0d on market

Beds

3

Baths

2.5

Sqft

2,565

Year Built

1967

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260008668SD

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

About This Property

Legacy property first time on the market! One-of-a-kind oceanfront estate with private stairs to the sand. Savor the endless views throughout the home from vibrant sunsets to watching dolphins cross the horizon & ride the waves alongside surfers. Several landings & decks are interlaced in the stairs down to the beach allowing for multiple spots to dine, entertain & relax outdoors. The front of the home offers a generous courtyard lushly landscaped. This property has been thoughtfully cared for & features new solar, new HVAC, new AC, new furnace, new water heater, new outdoor deck floors + new carpet & paint throughout. Walk & bike to the best restaurants. shops & attractions in Encinitas. Do not miss this opportunity to own a slice of Southern California prime coastline!

Mortgage Calculator

Est. Monthly Payment

$47,612

Principal & Interest$37,924
Property Tax$7,500
Insurance$2,187
%($1,500,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$7,269
Monthly Cashflow

Rent − PITIA

$-40,342
Full Cashflow

Incl. vacancy, PM, maint, capex

$-48,264

Mortgage (P+I)
$37,924
Cap Rate
-1.65%
Cash-on-Cash
-38.61%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.15
Break-even Rent
$69,949

NOI (Annual)
$-124,078
Price-to-Rent

Lower = better for investors

86.0

* 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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