123 Jasper Street #33
Atop 10%Encinitas, CA 92024Neighborhood: Leucadia
46 licensed short-term rentals within ½ mile (38 whole home), from the cities' license and permit lists of Nov 11, 2026.
Pass at asking: -$2,064/mo full cashflow at 20% down, 7.43% rate.
Works at $330,283 (45% under asking), or at 70% down.
Rent $3,294/mo: zip market median for this bed count.
Beds
2
Baths
2
Sqft
950
Year Built
2016
Days on Market
144
Property Type
Mfd/Mobile Home
HOA/mo
N/A
MLS ID
NDP2605908
This property is in Encinitas (92024). View neighborhood stats →
About This Property
PRICE IMPROVEMENT on this chance to discover your own slice of coastal paradise! This rare beach cottage offers the perfect blend of charm, comfort, and an unbeatable location just steps from the sand. Featuring 2 bedrooms and 2 full baths, the home includes a convenient downstairs primary suite with a private bath, plus a spacious upstairs loft with its own full bath and an expansive sun-drenched deck—perfect for entertaining, enjoying your morning coffee, or unwinding in the refreshing ocean breeze. Filled with natural light, this inviting home is thoughtfully upgraded with in-unit laundry, stainless steel appliances, energy-efficient LED lighting, and a one-car garage. Nestled in one of North County Coastal San Diego's most sought-after beach communities, you'll enjoy an exceptional walkable lifestyle with easy access to popular restaurants, cafés, wineries, breweries, surf shops, boutique shopping, and some of Southern California's most beautiful beaches. Whether you're searching for a full-time residence, a vacation getaway, or an outstanding investment property, this home offers incredible flexibility. Rentals are permitted, and with no traditional property taxes, no HOA fees, and a monthly space rent of just $2,396 with 4% yearly increase cap. This is an exceptional opportunity to own an affordable beach home in one of San Diego's most desirable coastal communities. Experience the laid-back Southern California lifestyle you've been dreaming of—where every day feels like a vacation.
Mortgage Calculator
Est. Monthly Payment
$4,101
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
3 comps foundThis Property
$3,294
Comp Average
$3,294
444 El Camino Real
2bd / 1ba · 960 sqft · Manufactured
$399K
Est. $3,294/mo
123 Jasper Street
2bd / 1ba · 950 sqft · Mfd/Mobile Home
$499K
Est. $3,294/mo
123 Jasper Street
2bd / 1.5ba · 820 sqft · Mfd/Mobile Home
$549K
Est. $3,294/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Short-term not available here. Encinitas allows short-term rentals only in single-family homes and duplexes. See the rules
Investment Score
Zip market median for this bed count
Thin data: no closed leases like this one nearby.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,064/mo short at 20% down; 70% down or +$2,681/mo rent closes it.
- Break-even price
- $330,283
- Break-even rent
- $5,975/mo
- Cashflow at 35% down
- −$1,441/mo
- Down payment to break even
- 70%
- Rate to break even
- Not reachable
45% under asking
$2,681/mo above the estimate
$419,300 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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