
2115 Encinitas Boulevard
Ctop 80%Encinitas, CA 92024Neighborhood: Olivenhain
2 licensed short-term rentals within ½ mile (2 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$7,854/mo full cashflow at 20% down, 7.36% rate.
Works at $597,310 (63% under asking), or at 91% down.
Rent $5,928/mo from 9 leases of 2–4 bed houses within 1 mi ($5,587–$5,914).
Beds
3
Baths
2
Sqft
1,623
Year Built
1976
Days on Market
60
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2608141
This property is in Encinitas (92024). View neighborhood stats →
About This Property
Calling all CASH buyers, bring your imagination and your contractor! Priced to sell quickly, LOCATION, VIEWS & OPPORTUNITY! FIRST TIME ON THE MARKET! Perched high above the surrounding countryside on an elevated .54-acre homesite within a private enclave of just 10 custom-built homes off Hummingbird Hill, this distinctive single-story residence offers spectacular panoramic views and a true “top of the world” feeling. Surrounded by natural open space and near the 123-acre Manchester Preserve and scenic hiking trails, it feels like a mountain retreat at the coast—yet is just minutes from Encinitas beaches, shopping, restaurants and recreation. The home is rich in character with wood and natural textures, soaring ceilings, a freestanding mid-century fireplace and a dramatic wall of windows framing the views. An expansive deck extends the living space outdoors. The kitchen features a window over the sink, breakfast nook and slider to a courtyard. Sweeping vistas extend across Rancho Santa Fe to the distant mountains, creating an ever-changing backdrop of natural beauty. Built in 1977 and ready for its next chapter, this is an architect’s or designer’s dream opportunity to renovate and reimagine a truly special property. Create an entry courtyard, terrace the natural landscape for outdoor sitting and garden areas, and take full advantage of the extraordinary setting, privacy and views. Single-level living, .54 acre, architectural character and breathtaking views—a rare Olivenhain opportunity! Owner occupied,
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Est. Monthly Payment
$11,064
Location
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Zoned Schools
Elementary
Park Dale Lane Elementary · grades K-6 · Encinitas Union Elementary
Middle
Oak Crest 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
$5,928
Comp Average
$5,810
5871 Camino El Dorado
3bd / 3ba · 1,866 sqft · Single Family
$1.75M
Est. $7,216/mo
835 Summersong Court
3bd / 2.5ba · 1,745 sqft · Single Family
$1.35M
Est. $5,511/mo
553 Cloudview Lane
3bd / 2ba · 1,685 sqft · Single Family
$1.57M
Est. $5,426/mo
1109 Pacifica Place
4bd / 2.5ba · 1,678 sqft · Single Family
$1.75M
Est. $5,784/mo
1745 Whitehall Road
2bd / 2.5ba · 1,555 sqft · Single Family
$1.80M
Est. $5,112/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
9 leases of 2–4 bed houses within 1 mi · $5,587–$5,914
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$7,854/mo short at 20% down; 91% down or +$10,200/mo rent closes it.
- Break-even price
- $597,310
- Break-even rent
- $16,128/mo
- Cashflow at 35% down
- −$6,173/mo
- Down payment to break even
- 91%
- Rate to break even
- Not reachable
63% under asking
$10,200/mo above the estimate
$1,478,750 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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