1517 Shields Ave

1517 Shields Ave

D

Encinitas, CA 92024

$1,895,000

Soft Appraisal Value: $1,851,700 · 2.3% above estimate

Beds

4

Baths

2

Sqft

1,830

Year Built

1974

Days on Market

46

Property Type

Single Family

HOA/mo

N/A

MLS ID

260004076SD

View on MLS

Description

This bright and inviting south west facing home offers a seamless blend of comfort, style, and Southern California living just minutes from world-class beaches, vibrant downtown Encinitas, and top-rated schools. Step inside to an open and airy floor plan, featuring thoughtfully contemporary designed living spaces ideal for both relaxation and entertaining. The upgraded kitchen boasts modern finishes with designer gold back splash tiles and Latitude custom made frameless European style cabinets, ample storage, a GE wine cooler or BOSCH counter depth refrigerator and a generous island with Legande flip up electrical & USB outlets that flows effortlessly into the dining/living areas or out to the back yard through 5 panel La Cantina door. It also offers paid TESLA solar with upgraded amperage panel box. The spacious primary suite provides a peaceful escape and plenty of closet space with a well-appointed en-suite bath with designer brand Graff hardwares, rain shower head and Bainultra bathtub. Outdoors, enjoy a private backyard with a Native Trails masonite sink and additional hot and cold water outlet for outdoor shower hook up, designed for year-round living with a contemporary solid aluminum patio cover The property offers low-maintenance landscaping surrounded with polished black river rocks. With its prime Encinitas location, thoughtful updates such as a new rerouted plumbing throughout, PENTAIR Pelican Water Filter and Water Softener Alternative Combo System, new designer garage door, or a brand new Texcoat exterior paint to the timeless charm.

Mortgage Calculator

Est. Monthly Payment

$12,030

Principal & Interest$9,582
Property Tax$1,895
Insurance$553
%($379,000)
%

Investment Score

2D
Est. Monthly Rent
$6,311
Monthly Cashflow

Rent − PITIA

$-5,719
Full Cashflow

Incl. vacancy, PM, maint, capex

$-8,750

Mortgage (P+I)
$9,582
Cap Rate
0.53%
Cash-on-Cash
-27.70%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.52
Break-even Rent
$17,674

NOI (Annual)
$9,988
Price-to-Rent

Lower = better for investors

25.0

* 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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