1136 Monterey Place
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1136 Monterey Place

D

Encinitas, CA 92024

$1,650,000
NEW — 2d

Beds

3

Baths

2.5

Sqft

1,714

Year Built

1998

Days on Market

2

Property Type

Single Family

HOA/mo

$179

MLS ID

NDP2604098

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

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About This Property

A truly one-of-a-kind home in the heart of Encinitas, this extensively remodeled residence blends modern design, thoughtful upgrades, and effortless indoor-outdoor living on one of the largest lots in the neighborhood. A standout feature is the fully owned solar system with backup battery on SDG&E NEM 2.0, offering long-term efficiency and peace of mind. Beautifully refreshed landscaping and an enhanced front porch create a warm and inviting entry. Inside, a striking modern floating staircase serves as an immediate focal point, setting the tone for the home’s open and airy feel. The first floor flows seamlessly, with subtle architectural improvements that create a connected and welcoming layout filled with natural light and backyard views. A completely remodeled kitchen, thoughtfully designed with brand-new stainless steel appliances and timeless finishes complements the modern aesthetic. New luxury vinyl plank flooring runs throughout, paired with fresh interior paint, updated lighting, and all-new windows and doors that enhance both style and energy efficiency. Large new sliding door open to a spacious backyard featuring an expansive grassy area and inviting hardscape seating, ideal for entertaining, relaxing, or everyday living. Upstairs offers three well-appointed bedrooms along with a true bonus space, perfectly suited for a home office, playroom, or additional living area. Closets have been thoughtfully built out, and the bathrooms have been beautifully updated, including a refreshed powder room and an upgraded primary bath. Beyond the design, the home has been improved where it matters most, including a recently replaced HVAC system, upgraded electrical panel, Tesla charger, new attic insulation with ladder access, and insulated garage doors with smart openers. The exterior has also been enhanced with fresh trim and door paint, concrete resurfacing, and a sand and epoxy sealed driveway, adding to the home’s overall curb appeal and functionality. This is a rare opportunity to own a turnkey home in Encinitas that has been thoughtfully upgraded throughout, offering a seamless blend of style, comfort, efficiency, and space, ready to be enjoyed from day one.

Mortgage Calculator

Est. Monthly Payment

$10,654

Principal & Interest$8,343
Property Tax$1,650
Insurance$481
HOA$179
%($330,000)
%

Location

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Investment Score

4D
Est. Monthly Rent
$5,582
Monthly Cashflow

Rent − PITIA

$-5,071
Full Cashflow

Incl. vacancy, PM, maint, capex

$-7,730

Mortgage (P+I)
$8,343
Cap Rate
0.45%
Cash-on-Cash
-28.11%
DSCR

Need ≥ 1.25 for DSCR loan

0.52
Break-even Rent
$15,621

NOI (Annual)
$7,358
Price-to-Rent

Lower = better for investors

24.6

* 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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