170 Diana Street
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170 Diana Street

Atop 10%

Encinitas, CA 92024Neighborhood: Leucadia

$299,000
STR closed · Encinitas allows houses and duplexes only

41 licensed short-term rentals within ½ mile (32 whole home), from the cities' license and permit lists of Nov 13, 2026.

Pass at asking: -$314/mo full cashflow at 20% down, 7.36% rate.

Works at $257,967 (14% under asking), or at 36% down.

Rent $2,560/mo: zip market median for this bed count.

Beds

1

Baths

1

Sqft

511

Year Built

1978

Days on Market

152

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

NDP2605721

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

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About This Property

Space #29 Move in Ready Beach Cottage just 437 Steps from Beacons Beach!! Experience the best of beachside Encinitas living at this designer-inspired 1BR/1BA coastal cottage, ideally positioned on a premium end-of-street lot just 437 steps from Beacon’s Beach. This beautifully updated 511 sq ft retreat offers effortless indoor–outdoor living with two expansive decks—a spacious ground-level deck for relaxed entertaining and a rooftop view deck capturing ocean breezes and vibrant sunset skies. Located west of I-5, west of the train tracks, and west of Coast Hwy 101, this home embodies the true walk-to-the-sand lifestyle. Inside, every detail has been thoughtfully refreshed, including all new appliances, creating a clean, modern, and move-in-ready beach sanctuary. With no property taxes, no HOA fees, and just $2,500/month space rent, this residence presents an exceptional value in one of North County’s most sought-after coastal enclaves. Adding to its unique appeal, the home is currently owned by Hall of Fame skateboarder, world-champion snowboarder, and LaMar Snowboards founder, Bert LaMar—a rare opportunity to own a piece of Southern California coastal and action-sports history. Perfect as a full-time residence or beach retreat, this property offers the essence of luxury coastal simplicity—steps to the sand, minutes to local cafés, and surrounded by the authentic charm of Leucadia. Note: Seller financing available**Seller will finance buyer with buyer putting 30% down at 3% interest for 2-3 years**

Mortgage Calculator

Est. Monthly Payment

$2,036

Principal & Interest$1,650
Property Tax$299
Insurance$87
%($59,800)
%
Loan Term

Location

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Short-term not available here. Encinitas allows short-term rentals only in single-family homes and duplexes. See the rules

Investment Score

88A
Est. Monthly Rent
$2,560

Zip market median for this bed count

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

+$524
Full Cashflow

Incl. vacancy, PM, maint, capex

-$314

What would make this work?

$314/mo short at 20% down; 36% down or +$407/mo rent closes it.

Break-even price

14% under asking

$257,967
Break-even rent

$407/mo above the estimate

$2,967/mo
Cashflow at 35% down
−$4/mo
Down payment to break even

$107,640 cash

36%
Rate to break even

at 20% down

5.35%

Mortgage (P+I)
$1,650
Cap Rate
5.88%
Cash-on-Cash
-6.29%
DSCR
1.26

NOI (Annual)
$17,568
Price-to-Rent

Lower = better for investors

9.7

* Modelled at 20% down, 7.36% 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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ACashflow−$314/mo