1971 Azure Way
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1971 Azure Way

D

Encinitas, CA 92024

$1,020,000

Soft Appraisal Value: $1,001,100 · 1.9% above estimate

Beds

2

Baths

2.5

Sqft

1,097

Year Built

1981

Days on Market

48

Property Type

Townhouse

HOA/mo

$480

MLS ID

260004725SD

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

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About This Property

Significant price reduction on this beautifully updated and spacious Encinitas townhome offers the perfect blend of comfort, style, and convenience. Take advantage of this well priced and ideally located property in the heart of Encinitas. You are still near the freeway, shopping, restaurants, and world-class beaches, it provides easy access to everything the coastal lifestyle has to offer. Inside, the home features stunning vinyl flooring throughout and an abundance of natural light enhanced by new windows and a new sliding door. Recent upgrades include a new front door, new interior doors (with solid-core doors for the bedrooms and downstairs bathroom), updated stairwell bannisters and balusters, and a new dishwasher and microwave. Both en suite bathrooms were renovated in 2025, creating fresh, modern retreats. Outdoor living is equally impressive with professionally installed pavers on the front patio and backyard, new turf, and 2024 rain gutters that add long-term durability. The attached two-car garage provides generous storage and parking convenience, making this home truly stand out. With thoughtful upgrades inside and out, a highly functional layout, and a prime Encinitas location close to everyday essentials and the beach, this property offers the ideal blend of coastal charm and contemporary living. This beautifully updated Encinitas condo lives like a spacious townhome and offers the perfect blend of comfort, style, and convenience. Ideally located near the freeway, shopping, restaurants, and world class beaches, it provides easy access to everything the coastal lifestyle has to offer. Inside, the home features stunning vinyl flooring throughout and an abundance of natural light enhanced by new windows and a new sliding door. Recent upgrades include a new front door, new interior doors (with solid core doors for the bedrooms and downstairs bathroom), updated stairwell bannisters and balusters, and a new dishwasher and microwave. Both en suite bathrooms were renovated in 2025, creating fresh, modern retreats. Outdoor living is equally impressive with professionally installed pavers on the front patio and backyard, new turf, and 2024 rain gutters that add long term durability. The attached two car garage provides generous storage and parking convenience, making this home truly stand out. With thoughtful upgrades inside and out, a highly functional layout, and a prime Encinitas location close to everyday essentials and the beach, this property offers the ideal blend of coastal charm and contemporary living.

Mortgage Calculator

Est. Monthly Payment

$6,955

Principal & Interest$5,158
Property Tax$1,020
Insurance$297
HOA$480
%($204,000)
%

Location

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Investment Score

1D
Est. Monthly Rent
$3,898
Monthly Cashflow

Rent − PITIA

$-3,057
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,803

Mortgage (P+I)
$5,158
Cap Rate
0.42%
Cash-on-Cash
-28.25%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.56
Break-even Rent
$10,136

NOI (Annual)
$4,254
Price-to-Rent

Lower = better for investors

21.8

* 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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