215 Vulcan Drive

215 Vulcan Drive

D

Encinitas, CA 92024

$3,400,000

Soft Appraisal Value: $3,242,000 · 4.9% above estimate

Beds

3

Baths

1.5

Sqft

1,975

Year Built

1949

Days on Market

92

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2511553

Description

An iconic architectural residence in the heart of Encinitas, this rare Leucadia home is celebrated for its sculptural twin brick chimneys, famously featured in a published architecture article for their striking twisting design and master craftsmanship. Built in 1947, the home stands as a timeless blend of artistry, history, and character. Offering 3 bedrooms and 1.5 baths, the property features inviting indoor-outdoor living ideal for both everyday comfort and entertaining. A spacious front and backyard, complete with a fire pit and outdoor showers, creates a relaxed coastal setting perfect for hosting guests. A long driveway provides ample parking and convenience. The home is primarily constructed of brick, offering a sense of privacy and solidity while maintaining warmth and charm. Airbnb use is permitted, and the property offers ADU potential, presenting an excellent opportunity for additional income or expanded living options. Ideally located within walking distance to the beach, shops, and dining, this home sits in the true heart of Encinitas and offers an unmatched coastal lifestyle. A rare opportunity to own an architecturally significant and iconic property where design, location, and versatility come together.

Mortgage Calculator

Est. Monthly Payment

$21,584

Principal & Interest$17,192
Property Tax$3,400
Insurance$992
%($680,000)
%

Investment Score

0D
Est. Monthly Rent
$6,477
Monthly Cashflow

Rent − PITIA

$-15,107
Full Cashflow

Incl. vacancy, PM, maint, capex

$-19,430

Mortgage (P+I)
$17,192
Cap Rate
-0.79%
Cash-on-Cash
-34.29%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.30
Break-even Rent
$31,711

NOI (Annual)
$-26,857
Price-to-Rent

Lower = better for investors

43.7

* 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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