1576 Lorraine
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1576 Lorraine

Dbottom 20%

Encinitas, CA 92024Neighborhood: Leucadia

$4,300,000
STR-eligible · Encinitas, 3-night minimum · TOT 10%

85 licensed short-term rentals within ½ mile (74 whole home), from the cities' license and permit lists of Nov 10, 2026.

Pass at asking: -$25,731/mo full cashflow at 20% down, 7.43% rate.

Works at $949,715 (78% under asking); even all cash loses money at asking.

Rent $9,473/mo from 25 leases of houses within 2 mi, size-adjusted ($8,234–$10,909).

Beds

6

Baths

4

Sqft

3,438

Year Built

1979

Days on Market

101

Property Type

Single Family

HOA/mo

N/A

MLS ID

260018796SD

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

Virtual Tour

About This Property

Expansive panoramic ocean views, unforgettable sunsets, and an unbeatable coastal location define this exceptional Encinitas residence. Perfectly positioned on a premier corner lot just moments from Stonesteps Beach and Grandview Beach, this remarkable home showcases breathtaking blue-water views from expansive west-facing windows and generous outdoor living spaces. Enjoy world-class surfing, scenic coastal trails, and the relaxed coastal lifestyle that makes Encinitas one of Southern California's most sought-after communities. Offering approximately 3,500 square feet, this versatile residence features 5 bedrooms, 3 bathrooms, a 2-car garage, and an attached 1-bedroom, 1-bath ADU with its own private backyard—ideal for multigenerational living, guests, a home office, or additional income potential. Designed to live like a single-story, the home offers a true primary suite on the main level while seamlessly blending spacious living areas with incredible ocean views. The expansive west-facing deck provides the perfect setting for entertaining, relaxing, and taking in spectacular sunsets over the Pacific. Whether you're searching for your forever home, a luxury coastal retreat, or an investment with exceptional upside, this property presents a rare opportunity to personalize and maximize value. Homes offering this combination of panoramic ocean views, flexible living, nearly 3,500 square feet, an attached ADU, and an incredible location just moments from the beach rarely become available. Experience the very best of coastal Encinitas living.

Mortgage Calculator

Est. Monthly Payment

$29,442

Principal & Interest$23,888
Property Tax$4,300
Insurance$1,254
%($860,000)
%
Loan Term

Location

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Investment Score

0D
Est. Monthly Rent
$9,473

25 leases of houses within 2 mi, size-adjusted · $8,234–$10,909

Monthly Cashflow

Rent − PITIA

-$19,969
Full Cashflow

Incl. vacancy, PM, maint, capex

-$25,731

What would make this work?

$25,731/mo short at 20% down; +$33,417/mo rent closes it.

Break-even price

78% under asking

$949,715
Break-even rent

$33,417/mo above the estimate

$42,890/mo
Cashflow at 35% down
−$21,252/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$23,888
Cap Rate
-0.38%
Cash-on-Cash
-35.90%
DSCR

Need ≥ 1.25 for DSCR loan

0.32

NOI (Annual)
-$16,434
Price-to-Rent

Lower = better for investors

37.8

* 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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DCashflow−$25,731/mo