231 5th Street

231 5th Street

D

Encinitas, CA 92024

$6,250,000

Soft Appraisal Value: $5,967,100 · 4.7% above estimate

Beds

3

Baths

2

Sqft

1,980

Year Built

1963

Days on Market

296

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2505853

Description

Huge Price Reduction! Discover the ultimate coastal treasure at 231 5th Street, Encinitas, CA—truly a real-life unicorn in the world of real estate! This 3-bedroom, 2-bathroom sanctuary spans nearly 2,000 square feet, seamlessly blending modern luxury with stunning beach and whitewater views that greet you from every angle. Just steps away from the sands of Moonlight Beach, one of San Diego's most cherished spots, this home has been fully remodeled and is completely turnkey. This incredible home has the ability to be a single family home with a detached garage/studio and yard or two separate units, one upper and one lower, to provide the potential for multi-generational living or a nanny suite under the same roof. Each unit contains fully equipped updated kitchens with premium stone counters and sleek stainless appliances, fully renovated bathrooms, and private living space. Perfect for when you want family living while maintaining privacy. Or if you choose, long-term rental possibilities are an option. The detached garage is still under renovation, complete with a full bathroom, washer/dryer and studio kitchen. A roof top deck will capture all of the action at Moonlight beach and fantastic sunsets. This space could be a garage, studio, office, workout room, storage, etc. Step outside into your private oasis, where a brand new hot tub and beautiful outdoor spaces await. Enjoy the expansive deck and balcony, each offering breathtaking vistas. Copper rain gutters add a sophisticated touch to the exterior, while the interior shines with dual pane windows, hardwood floors, and recessed lighting. Additionally, parking is convenient with a detached garage, guest parking, and accessible street parking. This exceptional property is ready to be all yours, offering a lifestyle that’s both luxurious and relaxed. Don’t miss out on this rare opportunity—fully furnished and waiting for you to make it your own slice of paradise!

Mortgage Calculator

Est. Monthly Payment

$39,676

Principal & Interest$31,603
Property Tax$6,250
Insurance$1,823
%($1,250,000)
%

Investment Score

0D
Est. Monthly Rent
$7,055
Monthly Cashflow

Rent − PITIA

$-32,621
Full Cashflow

Incl. vacancy, PM, maint, capex

$-39,452

Mortgage (P+I)
$31,603
Cap Rate
-1.51%
Cash-on-Cash
-37.87%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.18
Break-even Rent
$58,292

NOI (Annual)
$-94,188
Price-to-Rent

Lower = better for investors

73.8

* 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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