215 2nd St

215 2nd St

D

Encinitas, CA 92024

$3,550,000
NEW — 5d on market

Soft Appraisal Value: $3,304,100 · 7.4% above estimate

Beds

4

Baths

2.5

Sqft

2,561

Year Built

2009

Days on Market

5

Property Type

Townhouse

HOA/mo

$683.67

MLS ID

260006844SD

View on MLS

Description

Experience elevated coastal living in this extensively upgraded townhome located west of the 101 in the coveted Lofts at Moonlight Beach in Encinitas. Spanning over 2,500 square feet, this residence offers a rare blend of space, style, and ocean views from multiple vantage points, including a rooftop deck designed for unforgettable sunsets. The flexible floor plan includes three bedrooms with an optional fourth bedroom or dedicated office, along with 2.5 bathrooms. Thoughtful upgrades throughout include hardwood flooring, a tankless water heater, and modern lighting with integrated smart recessed features. Large windows flood the home with natural light, enhancing the open and airy feel. At the heart of the home is a spacious, open-concept living area that flows seamlessly into a remodeled kitchen equipped with abundant storage, updated appliances, a wine fridge, and an oversized bar ideal for gathering. Multiple outdoor spaces elevate the lifestyle, featuring a private patio for everyday enjoyment and a rooftop deck that delivers sweeping ocean views and a true indoor-outdoor coastal experience.

Mortgage Calculator

Est. Monthly Payment

$23,220

Principal & Interest$17,951
Property Tax$3,550
Insurance$1,035
HOA$684
%($710,000)
%

Investment Score

0D
Est. Monthly Rent
$7,162
Monthly Cashflow

Rent − PITI − HOA

$-16,057
Full Cashflow

Incl. vacancy, PM, maint, capex

$-20,663

Mortgage (P+I)
$17,951
Cap Rate
-0.92%
Cash-on-Cash
-34.92%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.31
Break-even Rent
$33,997

NOI (Annual)
$-32,547
Price-to-Rent

Lower = better for investors

41.3

* 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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