215 Vulcan Avenue
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215 Vulcan Avenue

C

Encinitas, CA 92024

$2,999,000
NEW — 6d

Soft Appraisal Value: $2,859,500 · 4.9% above estimate

Beds

3

Baths

2

Sqft

1,975

Year Built

1947

Days on Market

6

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2606349

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

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About This Property

Now offering an exceptional opportunity at $2,999,000. Rarely does a property of this scale and potential become available in the heart of coastal Encinitas. Set on an expansive 0.44-acre lot, this charming 1949 residence offers approximately 1,975 square feet of living space with 3 bedrooms, 1.5 bathrooms, and an oversized 3-car garage. The location places you within minutes of world-class beaches, acclaimed restaurants, vibrant coffee culture, and the energy that makes Encinitas and Leucadia two of the most beloved communities in all of Southern California. The true opportunity here is the land. In a coastal market where lot size commands a significant premium, nearly half an acre is genuinely extraordinary. Whether your vision is a luxury renovation, a full custom build, an ADU, multigenerational living, or a long-term coastal land investment, this property offers the kind of flexibility and upside that buyers spend years searching for at this price point. Currently operating as a successful Airbnb , the home offers immediate income potential for investors, vacation buyers, and primary residence buyers who want the ability to generate meaningful revenue while holding one of the most coveted land positions in all of North County San Diego. The potential is limitless!!

Mortgage Calculator

Est. Monthly Payment

$19,038

Principal & Interest$15,165
Property Tax$2,999
Insurance$875
%($599,800)
%

Location

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Investment Score

0D
Est. Monthly Rent
$7,124
Monthly Cashflow

Rent − PITIA

$-11,915
Full Cashflow

Incl. vacancy, PM, maint, capex

$-16,052

Mortgage (P+I)
$15,165
Cap Rate
-0.36%
Cash-on-Cash
-32.12%
DSCR

Need ≥ 1.25 for DSCR loan

0.37
Break-even Rent
$27,971

NOI (Annual)
$-10,652
Price-to-Rent

Lower = better for investors

35.1

* 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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