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123 Jasper Street #36
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123 Jasper Street #36

Atop 10%

Encinitas, CA 92024Neighborhood: Leucadia

$499,000
NEW — 0d
STR closed · Encinitas allows houses and duplexes only

46 licensed short-term rentals within ½ mile (38 whole home), from the cities' license and permit lists of Nov 10, 2026.

Pass at asking: -$1,297/mo full cashflow at 20% down, 7.43% rate.

Works at $330,283 (34% under asking), or at 58% down.

Rent $3,294/mo: zip market median for this bed count.

Beds

2

Baths

1

Sqft

950

Year Built

1959

Days on Market

0

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

NDP2610162

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

Virtual Tour

About This Property

Nothing short of perfection here at this beach house! Welcome to this beautifully remodeled, modern beach house nestled in the heart of idyllic Leucadia in Encinitas. Just steps from the iconic Beacons Beach, this charming coastal retreat puts you right in the middle of everything that makes Leucadia so special. Enjoy the best of the California beach lifestyle in this light-filled, spacious 2-bedroom, 1-bath home, where natural sunshine pours through abundant windows and every detail has been thoughtfully designed. The inviting open-concept kitchen and living area create the perfect space for relaxing and entertaining, while the beautiful designer touches throughout add to the home's comfort and convenience. An incredible opportunity to experience laid-back coastal living just moments from the sand, surf, and all the wonderful shops, restaurants, and local charm Leucadia has to offer! No HOA fees or traditional property tax. Perfect primary home, investment or vacation property. Rentals allowed. Space rent is $2396/month capped currently at 4% increase annually.

Mortgage Calculator

Est. Monthly Payment

$3,417

Principal & Interest$2,772
Property Tax$499
Insurance$146
%($99,800)
%
Loan Term

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 found

This Property

$3,294

vs

Comp Average

$3,294

444 El Camino Real

444 El Camino Real

2bd / 1ba · 960 sqft · Manufactured

$399K

Est. $3,294/mo

123 Jasper Street

123 Jasper Street

2bd / 1.5ba · 820 sqft · Mfd/Mobile Home

$549K

Est. $3,294/mo

123 Jasper Street

123 Jasper Street

2bd / 2ba · 950 sqft · Mfd/Mobile Home

$599K

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

72A
Est. Monthly Rent
$3,294

Zip market median for this bed count

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

-$123
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,297

What would make this work?

$1,297/mo short at 20% down; 58% down or +$1,684/mo rent closes it.

Break-even price

34% under asking

$330,283
Break-even rent

$1,684/mo above the estimate

$4,978/mo
Cashflow at 35% down
−$777/mo
Down payment to break even

$289,420 cash

58%
Rate to break even

at 20% down

2.00%
Mortgage (P+I)
$2,772
Cap Rate
3.94%
Cash-on-Cash
-15.59%
DSCR

Need ≥ 1.25 for DSCR loan

0.96
NOI (Annual)
$19,683
Price-to-Rent

Lower = better for investors

12.6

* 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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ACashflow−$1,297/mo