1690 Gascony Rd

1690 Gascony Rd

D

Encinitas, CA 92024

$4,480,000

Beds

5

Baths

4.5

Sqft

5,146

Year Built

2006

Days on Market

22

Property Type

Single Family

HOA/mo

N/A

MLS ID

260002280SD

Description

Impeccable in condition, 1690 Gascony Rd presents a rare opportunity to own a home with STUNNING ocean views in one of Encinitas’ most sought-after neighborhoods. Perched above the coast in the heart of Leucadia, this street is known for premium views and this lot is designated as a historical observation spot. An elegant yet grounding home - designed with intention, light, and a quiet sense of calm. Lives like a 1-story on the upper main level: Front door, garage, primary bed/bath, laundry, kitchen and living area. Ocean views from almost every room in the home - which consists of 5 bedrooms/4.5 baths, office, theater/bonus room AND detached guest room which could be a ADU (8 rooms!!!)… 5th bdr has it’s own entrance…all thoughtfully designed and constructed with high-end materials and has been meticulously maintained by its original owner. Solar is paid for and generates a positive credit. Seller has not had an electricity bill since 2011. The detached bonus/guest room below the yard, is just next door to the charming greenhouse and offers versatility for a studio, office, or wellness space - nestled within a garden and 11 varieties of fruit trees. Minutes from world-class beaches, boutiques, acclaimed restaurants, and top-rated schools, all while feeling elevated and tucked away. Some photos digitally enhanced to show it without the furniture including the DR which shows different paint color and chandelier as well.

Mortgage Calculator

Est. Monthly Payment

$28,440

Principal & Interest$22,653
Property Tax$4,480
Insurance$1,307
%($896,000)
%

Investment Score

0D
Est. Monthly Rent

Zillow Rent Zestimate

$8,277
Monthly Cashflow
$-25,800

Mortgage (P+I)
$22,653
Cap Rate
-0.84%
Cash-on-Cash
-34.55%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.37
Break-even Rent
$33,415

NOI (Annual)
$-37,765
Price-to-Rent

Lower = better for investors

45.1

* Defaults: 20% down, 6.5% rate, 30yr.

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