1602 Pl.
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1602 Pl. #104

D

Encinitas, CA 92024

$1,999,900
NEW — 2d

Beds

2

Baths

2.5

Sqft

1,388

Year Built

2024

Days on Market

2

Property Type

Townhouse

HOA/mo

$374

MLS ID

260009877SD

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

About This Property

Rare opportunity to own the largest 2-bedroom + office nook, 2.5-bath floor plan in highly desirable Fox Point Farms. Beautifully upgraded, this west-facing townhome offers ~1,308 sq. ft. of living space, an ~80 sq. ft. covered patio, three balconies, and ocean views from both the second and third levels, including a full ocean view from the third level and a partial ocean view from the second. Bright and open, the interior features an open-concept layout with upgraded vinyl flooring, custom-painted cabinetry, quartz countertops, full backsplash, upgraded lighting, and attractive beam detail. Additional highlights include a reverse osmosis drinking water system, whole-home water filtration, a 2-car side-by-side garage with epoxy flooring, ceiling storage racks, an extra storage nook, fully owned solar, and energy-efficient systems throughout. Set within Fox Point Farms, this home offers access to a distinctive farm-centered community featuring an onsite farm, Haven Farm + Table restaurant, Harvest Market, Fox Point Brewing, Fox Point Roasters, Heal Botanics, Hatch Gatherings wellness offerings, outdoor concerts, and a new resident recreation center with fitness, pool, and spa amenities. It is also conveniently located near Encinitas beaches, trails, El Camino Real, and Highway 101.

Mortgage Calculator

Est. Monthly Payment

$13,070

Principal & Interest$10,113
Property Tax$2,000
Insurance$583
HOA$374
%($399,980)
%

Location

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Investment Score

0D
Est. Monthly Rent
$3,616
Monthly Cashflow

Rent − PITIA

$-9,453
Full Cashflow

Incl. vacancy, PM, maint, capex

$-11,952

Mortgage (P+I)
$10,113
Cap Rate
-1.10%
Cash-on-Cash
-35.86%
DSCR

Need ≥ 1.25 for DSCR loan

0.28
Break-even Rent
$19,138

NOI (Annual)
$-22,070
Price-to-Rent

Lower = better for investors

46.1

* 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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