1602 San Remo Place #201
Dbottom 20%Encinitas, CA 92024Neighborhood: Leucadia
4 licensed short-term rentals within ½ mile (3 whole home), from the cities' license and permit lists of Nov 4, 2026.
Pass at asking: -$9,035/mo full cashflow at 20% down, 7.49% rate.
Works at $303,546 (79% under asking); even all cash loses money at asking.
Rent $3,527/mo from 10 leases of 1-bed condos & townhomes within 2 mi ($3,699–$4,212).
Beds
1
Baths
1.5
Sqft
1,021
Year Built
2024
Days on Market
46
Property Type
Townhouse
HOA/mo
$374
MLS ID
260022950SD
This property is in Encinitas (92024). View neighborhood stats →
About This Property
Just five minutes from the Pacific Ocean, welcome to VANTAGE, where the San Diego coast meets the countryside. Experience Encinitas from an entirely new perspective at Fox Point Farms, a one-of-a-kind coastal community built around a working organic farm, where farm-to-table experiences, wellness and connection are woven into everyday life. Among approximately 250 residences, fewer than a dozen enjoy views of both the farm and the Pacific, and VANTAGE is one of them. Positioned on a premium end-unit corner with no one above, this light-filled residence offers a front-row seat to both. As evening settles in, watch the sun disappear over the Pacific while golden light stretches across the farm below, a view that makes even an ordinary night at home feel extraordinary. Inside, thoughtful upgrades include custom built-ins, designer wallpaper, California Closets, blackout shades, smart-home features, paid solar, whole-home water softening and a beautifully remodeled primary bath. An expansive loft offers flexible space as an optional second bedroom, office, media room or private retreat. Life at Fox Point extends far beyond your front door. Live music, wellness experiences, seasonal gatherings and community events create a genuine sense of connection, while Encinitas Ranch Golf Course sits just across the street and the beach is minutes away. Farm, ocean, sunsets and community, all woven into a lifestyle unlike anything else in San Diego. Welcome to VANTAGE.
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Est. Monthly Payment
$10,522
Location
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Zoned Schools
Elementary
El Camino Creek Elementary · grades K-6 · Encinitas Union Elementary
Middle
Diegueno 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.
Comparable Properties
5 comps foundThis Property
$3,527
Comp Average
$4,090
406 Carmel Creeper Pl
2bd / 2.5ba · 1,088 sqft · Townhouse
$929K
Est. $4,465/mo
382 Carmel Creeper Place
2bd / 2.5ba · 1,088 sqft · Condo
$949K
Est. $4,538/mo
1502 Livorno Place
2bd / 2ba · 942 sqft · Condo
$1.43M
Est. $4,353/mo
1402 Anacona Pl
1bd / 1.5ba · 940 sqft · Townhouse
$1.25M
Est. $3,447/mo
345 Playa Blanca
1bd / 1ba · 903 sqft · Condo
$1.35M
Est. $3,646/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Short-term not available here. Encinitas allows short-term rentals only in single-family homes and duplexes. See the rules
Investment Score
10 leases of 1-bed condos & townhomes within 2 mi · $3,699–$4,212
Blended 50/50 with the zip's market median ($3,110)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$9,035/mo short at 20% down; +$11,734/mo rent closes it.
- Break-even price
- $303,546
- Break-even rent
- $15,261/mo
- Cashflow at 35% down
- −$7,490/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
79% under asking
$11,734/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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