1042 Hymettus Avenue
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1042 Hymettus Avenue

D

Encinitas, CA 92024

$4,400,000
NEW — 3d

Beds

3

Baths

3

Sqft

3,336

Year Built

1981

Days on Market

3

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2604058

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

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About This Property

Located on the coveted west side of Hymettus in Leucadia, this rare west-facing 0.69-acre ocean view property captures views from nearly every room. The home offers 3 bedrooms, 3 full baths, plus office and bonus space, approx. 3,336 sq ft, and two spacious view decks with sit-down ocean views from both levels—ready to enjoy, update, or reimagine. Oversized ocean view parcels like this are rarely available in Leucadia. With approx. 100’ frontage, the property offers potential for a custom estate, ADU, multi-generational compound, or lot split while retaining the existing home. Minutes to beaches, dining, and top-rated schools. Properties like this are held for generations—rare opportunity in coastal Leucadia.

Mortgage Calculator

Est. Monthly Payment

$27,932

Principal & Interest$22,249
Property Tax$4,400
Insurance$1,283
%($880,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$6,420
Monthly Cashflow

Rent − PITIA

$-21,512
Full Cashflow

Incl. vacancy, PM, maint, capex

$-26,655

Mortgage (P+I)
$22,249
Cap Rate
-1.20%
Cash-on-Cash
-36.35%
DSCR

Need ≥ 1.25 for DSCR loan

0.23
Break-even Rent
$41,037

NOI (Annual)
$-52,875
Price-to-Rent

Lower = better for investors

57.1

* 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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