182 Andrew Avenue
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182 Andrew Avenue

C

Encinitas, CA 92024

$4,250,000
NEW — 1d

Soft Appraisal Value: $4,040,300 · 5.2% above estimate

Beds

5

Baths

5.5

Sqft

3,934

Year Built

2005

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2605554

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

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About This Property

Presenting a true coastal unicorn! This custom-built 5 bedroom, 5.5 bath retreat in coveted, northwest Leucadia sits at the end of a private drive just a block from Ponto Beach. West of I-5, on an approximately 14,665 sf. lot, this tropical estate delivers the ultimate in Southern California indoor-outdoor living. The main level features three bedroom suites and the majority of the living space, while the second-floor offers 2 additional bedrooms, 2 bathrooms, and a loft. The main level primary bedroom has newer flooring, a private patio, and a renovated spa-like bath with dual sinks, quartz counters, multiple shower heads and a walk-in closet. Two other bedroom suites inhabit the main level- one in a separate wing with private entrance, perfect for a nanny, renter, or caretaker. The open kitchen has granite counters, a large island with bar seating, newer stainless appliances and a designated dining area. Exit out La Cantina doors from the great room to the expansive Ipe wood deck perfect for morning yoga, afternoon sunbathing, and seamless entertaining. An integrated gas fire-pit warms chilly evenings or post-surf sessions. The yard is a tropical oasis, with mature palms, fruit trees, expansive grass, planter boxes, and a private grotto pre-wired and pad-ready for a hot tub or sauna. Tucked discreetly in the rear is a fully gated, dog run, and off to the side is a large shed for bikes, boards, and beach gear. Features include dual water heaters, dual heater systems, ample extra parking and No HOA! This home offers the best of Leucadia, close to the 5-star Alila Marea Beach Resort and easy access to downtown Leucadia, Encinitas, and world class beaches.

Mortgage Calculator

Est. Monthly Payment

$26,980

Principal & Interest$21,490
Property Tax$4,250
Insurance$1,240
%($850,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$7,099
Monthly Cashflow

Rent − PITIA

$-19,881
Full Cashflow

Incl. vacancy, PM, maint, capex

$-25,056

Mortgage (P+I)
$21,490
Cap Rate
-1.01%
Cash-on-Cash
-35.37%
DSCR

Need ≥ 1.25 for DSCR loan

0.26
Break-even Rent
$39,639

NOI (Annual)
$-42,785
Price-to-Rent

Lower = better for investors

49.9

* 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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