
1095 Hermes Avenue
Dbottom 20%Encinitas, CA 92024Neighborhood: Leucadia
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 →
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
Location
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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.
Comparable Properties
5 comps foundThis Property
$5,529
Comp Average
$5,964
935 Encinitas Blvd
5bd / 2ba · 1,709 sqft · Single Family
$1.80M
Est. $7,431/mo
553 Cloudview Lane
3bd / 2ba · 1,685 sqft · Single Family
$1.57M
Est. $5,490/mo
1109 Pacifica Place
4bd / 2.5ba · 1,678 sqft · Single Family
$1.75M
Est. $5,699/mo
1465 Neptune Avenue
3bd / 2ba · 1,031 sqft · Single Family
$2.67M
Est. $6,039/mo
1745 Whitehall Road
2bd / 2.5ba · 1,555 sqft · Single Family
$1.80M
Est. $5,161/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
10 leases of 3-bed houses within 2 mi · $5,098–$6,144
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$15,711/mo short at 20% down; +$20,404/mo rent closes it.
- Break-even price
- $554,265
- Break-even rent
- $25,933/mo
- Cashflow at 35% down
- −$13,003/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
79% under asking
$20,404/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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.
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