249 Gloxina Street

249 Gloxina Street

Ctop 80%

Encinitas, CA 92024Neighborhood: Old Encinitas

$1,275,000
STR-eligible · Encinitas, 3-night minimum · TOT 10%

9 licensed short-term rentals within ½ mile (6 whole home), from the cities' license and permit lists of Nov 7, 2026.

Pass at asking: -$6,467/mo full cashflow at 20% down, 7.43% rate.

Works at $433,041 (66% under asking), or at 94% down.

Rent $4,319/mo from 12 leases of 1–3 bed houses within 1 mi ($3,995–$5,115).

Beds

2

Baths

1

Sqft

827

Year Built

1970

Days on Market

—

Property Type

Single Family

HOA/mo

N/A

MLS ID

ND26236153

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

About This Property

A RARE OPPORTUNITY IN COASTAL ENCINITAS! Welcome to 249 Gloxina Street, a beautifully reimagined coastal retreat in the highly sought-after Pacific Serena neighborhood, approximately one mile from Moonlight Beach and with NO HOA! Cherished by the same owner for nearly 30 years, this 1970 twin home has been thoughtfully transformed, blending its original character with elevated modern coastal living. Restored Dutch door and vintage garage door preserve the home's timeless charm, while the interiors have been completely redesigned. An open, light-filled floor plan showcases a custom-designed kitchen featuring modern oak cabinetry, a statement island with waterfall quartz countertops, brand-new LG appliances, a built-in wine refrigerator, luxury vinyl plank flooring, and thoughtfully curated finishes throughout. The fully remodeled bathroom features elegant tile work and modern fixtures, while a brand-new, ENERGY STAR-certified heat pump delivers efficient, year-round heating and cooling. The transformation extends outdoors, where the front and backyards have been completely reimagined to maximize usable space. Fresh landscaping featuring blue agaves, lavender, palm trees, peach tree, decorative white pebbles, and new concrete steps complements the low-maintenance turf and inviting spaces for relaxing or entertaining. Both bedrooms offer direct access to the backyard, creating seamless indoor-outdoor living. An outdoor shower, separate storage shed, and additional linen storage add everyday convenience. Enjoy morning coffee on the charming front porch, peek ocean views, beautiful sunsets, and refreshing coastal breezes. A one-car garage, additional driveway parking, and potential for future expansion, including a second story (subject to city approval), offer exceptional flexibility. Ideally located minutes from downtown Encinitas, Moonlight Beach, Encinitas Ranch trails, shopping, dining, and highly regarded schools, with local favorites such as Trader Joe's, Lazy Acres, and the vibrant Coast Highway 101 corridor close by. Thirty years of memories. A whole new chapter ahead. Maybe this is where your story begins. Welcome home.

Mortgage Calculator

Est. Monthly Payment

$8,730

Principal & Interest$7,083
Property Tax$1,275
Insurance$372
%($255,000)
%
Loan Term

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

2 comps found

This Property

$4,319

vs

Comp Average

$5,475

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

8C
Est. Monthly Rent
$4,319

12 leases of 1–3 bed houses within 1 mi · $3,995–$5,115

Monthly Cashflow

Rent − PITIA

-$4,411
Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,467

What would make this work?

$6,467/mo short at 20% down; 94% down or +$8,399/mo rent closes it.

Break-even price

66% under asking

$433,041
Break-even rent

$8,399/mo above the estimate

$12,718/mo
Cashflow at 35% down
−$5,139/mo
Down payment to break even

$1,198,500 cash

94%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$7,083
Cap Rate
0.78%
Cash-on-Cash
-30.43%
DSCR

Need ≥ 1.25 for DSCR loan

0.49

NOI (Annual)
$9,985
Price-to-Rent

Lower = better for investors

24.6

* Modelled at 20% down, 7.43% 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.

Open Full Calculator
CCashflow−$6,467/mo