1095 Hermes Avenue
1 / 20

1095 Hermes Avenue

Dbottom 20%

Encinitas, CA 92024Neighborhood: Leucadia

$2,600,000
NEW — 0d
STR-eligible · Encinitas, 3-night minimum · TOT 10%

41 licensed short-term rentals within ½ mile (32 whole home), from the cities' license and permit lists of Nov 11, 2026.

Pass at asking: -$15,711/mo full cashflow at 20% down, 7.43% rate.

Works at $554,265 (79% under asking); even all cash loses money at asking.

Rent $5,529/mo from 10 leases of 3-bed houses within 2 mi ($5,098–$6,144).

Beds

3

Baths

2

Sqft

1,160

Year Built

1940

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2610186

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

Virtual Tour

About This Property

First time EVER on market - don’t miss this amazing, extra large, corner lot. Some homes just have a little more personality, and 1095 Hermes Avenue is one of them. Tucked in the heart of Leucadia on a generously sized corner lot, this funky coastal cottage captures the laid-back spirit and individuality that make this beachside community so special. Full of charm, character, and untapped potential, it's the kind of place that invites you to slow down, get creative, and make it your own. The two-bedroom home offers a comfortable, casual layout with an additional flexible room suitable for a home office, mudroom, or creative space. Every corner has its own personality, with the warmth and quirks of an original beach bungalow that simply can't be replicated in newer construction. A former garage has also been converted into an informal hangout space, offering another fun and versatile area to enjoy. Outside, the spacious corner lot provides room to spread out, entertain, garden, or dream up your own outdoor retreat. With a little love and imagination, this property has all the ingredients to become something truly special. And then there's the location. Leucadia is beloved for its unpretentious charm, thriving local businesses, surf culture, and effortlessly relaxed way of life. Spend your mornings grabbing coffee along Coast Highway 101, afternoons catching waves at Beacon's Beach, and evenings enjoying neighborhood favorites like Le Papagayo, Atelier Manna, and Fish 101. Browse the Sunday farmers market, explore the local shops and galleries, or simply soak up the coastal atmosphere that makes this pocket of Encinitas unlike anywhere else. In a neighborhood where individuality is celebrated and the best homes have a story to tell, 1095 Hermes Avenue feels right at home. A little funky, a lot of charm, and an opportunity to create your own piece of the Leucadia lifestyle.

Mortgage Calculator

Est. Monthly Payment

$17,802

Principal & Interest$14,444
Property Tax$2,600
Insurance$758
%($520,000)
%
Loan Term

Location

Loading map...

Zoned Schools

  • Elementary

    Paul Ecke-Central Elementary · grades K-6 · Encinitas Union Elementary

  • Middle

    Diegueno Middle · grades 7-8 · San Dieguito Union High

  • High

    La Costa Canyon High · grades 9-12 · San Dieguito Union High

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

0D
Est. Monthly Rent
$5,529

10 leases of 3-bed houses within 2 mi · $5,098–$6,144

Monthly Cashflow

Rent − PITIA

-$12,273
Full Cashflow

Incl. vacancy, PM, maint, capex

-$15,711

What would make this work?

$15,711/mo short at 20% down; +$20,404/mo rent closes it.

Break-even price

79% under asking

$554,265
Break-even rent

$20,404/mo above the estimate

$25,933/mo
Cashflow at 35% down
−$13,003/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$14,444
Cap Rate
-0.46%
Cash-on-Cash
-36.26%
DSCR

Need ≥ 1.25 for DSCR loan

0.31

NOI (Annual)
-$11,891
Price-to-Rent

Lower = better for investors

39.2

* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

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

Open Full Calculator
DCashflow−$15,711/mo