1547 Neptune
1 / 20

1547 Neptune

D

Encinitas, CA 92024

$3,650,000
NEW — 5d

Soft Appraisal Value: $3,431,700 · 6.4% above estimate

Beds

3

Baths

2

Sqft

1,679

Year Built

1956

Days on Market

5

Property Type

Single Family

HOA/mo

N/A

MLS ID

PW26117609

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

About This Property

First time on the market in over 60 years! This classic Leucadia beach house is ideally situated on the coveted north end of Neptune Avenue, one of the area's most iconic and desirable coastal streets, just two blocks from public beach staircase access. Set on a spacious 6,098-square-foot lot, the property offers a rare opportunity to create a dream coastal estate. The rear half of the lot remains largely unimproved, providing ample space for expansion or new construction offering spectacular ocean views, while preserving the charm and character of the original 1950s beach cottage. The existing home features ocean views from both the lower and upper levels, authentic knotty pine walls, ceilings, kitchen cabinets that capture the essence of vintage California beach living. The upstairs primary suite opens to a private deck with breathtaking ocean views. Recent interior and exterior painting enhances the home's appeal, making it ready to enjoy today while offering endless possibilities for the future.

Mortgage Calculator

Est. Monthly Payment

$23,171

Principal & Interest$18,456
Property Tax$3,650
Insurance$1,065
%($730,000)
%

Location

Loading map...

Investment Score

0D
Est. Monthly Rent
$6,965
Monthly Cashflow

Rent − PITIA

$-16,206
Full Cashflow

Incl. vacancy, PM, maint, capex

$-20,850

Mortgage (P+I)
$18,456
Cap Rate
-0.79%
Cash-on-Cash
-34.27%
DSCR

Need ≥ 1.25 for DSCR loan

0.30
Break-even Rent
$34,043

NOI (Annual)
$-28,723
Price-to-Rent

Lower = better for investors

43.7

* 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.

Get Expert AnalysisOpen Full Calculator