136 Hummingbird
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136 Hummingbird

Ctop 80%

Encinitas, CA 92024Neighborhood: Olivenhain

$3,150,000
STR-eligible · Encinitas, 3-night minimum · TOT 10%

This parcel holds a short-term rental permit: whole home, through Apr 2027. It doesn’t transfer: a buyer applies for their own.

2 licensed short-term rentals within ½ mile (2 whole home), from the cities' license and permit lists of Nov 4, 2026.

Pass at asking: -$15,307/mo full cashflow at 20% down, 7.49% rate.

Works at $1,165,488 (63% under asking), or at 90% down.

Rent $11,675/mo from 11 leases of 3–5 bed houses within 1 mi ($9,305–$20,115). Previously leased for $10,800.

Beds

4

Baths

3

Sqft

4,200

Year Built

1993

Days on Market

45

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2608798

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

Virtual Tour

About This Property

AVAILABLE AGAIN at no fault of Property. Experience sweeping Rancho Santa Fe and valley views from this private half-acre hilltop retreat in sought-after Olivenhain. Reimagined with a coastal-modern aesthetic, the home blends modern comfort with Southern California indoor-outdoor living. Vibrant sunrises, glowing sunsets, and sparkling evening lights create an ever-changing backdrop. Nearly 40 windows and skylights fill the interior with natural light. Step through the custom front door into the dramatic great room with hickory engineered hardwood floors, 20-foot ceilings, and an expansive 20-foot Marvin glass door that frames the view and opens the home for entertaining. The remodeled chef's kitchen features quartzite countertops, a center island, custom cabinetry, and an easy connection to the dining and living spaces. Two main-level bedrooms offer flexible options for family, guests, or multigenerational living. Upstairs, the romantic primary suite is a retreat with a fireplace, French doors opening to its own deck, and arched windows framing captivating Rancho Santa Fe and valley vistas. The updated bath features extensive use of marble, and a floor-to-ceiling seamless glass shower. A separate bedroom-office includes custom cabinetry, built-in storage, and a queen-size Murphy bed for working from home or welcoming guests. Curved staircases and an open mezzanine add architectural character. Outside, enjoy a resort-style pool and raised spa, outdoor kitchen with newer barbecue, refreshed landscaping, new shade sails, and spaces for dining and relaxing. A winding hillside trail leads to two peaceful view terraces beneath mature trees. Recent improvements include exterior and interior paint, new energy-efficient, Wi-Fi-controlled ductless heating and air conditioning with independent zones, resurfaced outdoor areas, and a newer pool heater. Two private driveways provide abundant parking and main-level access. Minutes from coastal Encinitas, beaches, dining, shopping, and top-rated schools.

Mortgage Calculator

Est. Monthly Payment

$21,672

Principal & Interest$17,603
Property Tax$3,150
Insurance$919
%($630,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Park Dale Lane Elementary · grades K-6 · Encinitas Union Elementary

  • Middle

    Oak Crest 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

11C
Est. Monthly Rent
$11,675

Previously leased for $10,800

11 leases of 3–5 bed houses within 1 mi · $9,305–$20,115

Monthly Cashflow

Rent − PITIA

-$9,997
Full Cashflow

Incl. vacancy, PM, maint, capex

-$15,307

What would make this work?

$15,307/mo short at 20% down; 90% down or +$19,879/mo rent closes it.

Break-even price

63% under asking

$1,165,488
Break-even rent

$19,879/mo above the estimate

$31,554/mo
Cashflow at 35% down
−$12,007/mo
Down payment to break even

$2,835,000 cash

90%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$17,603
Cap Rate
1.10%
Cash-on-Cash
-29.16%
DSCR

Need ≥ 1.25 for DSCR loan

0.54

NOI (Annual)
$34,554
Price-to-Rent

Lower = better for investors

22.5

* Modelled at 20% down, 7.49% 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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CCashflow−$15,307/mo