250 Hillcrest Drive
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250 Hillcrest Drive

D

Encinitas, CA 92024

$5,350,000

Soft Appraisal Value: $5,082,000 · 5.3% above estimate

Beds

9

Baths

10

Sqft

5,104

Year Built

2026

Days on Market

128

Property Type

Duplex

HOA/mo

N/A

MLS ID

NDP2600374

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

Virtual Tour

About This Property

Turnkey and brand new, this five-unit complex is located in the heart of Leucadia and construction was completed in January 2026. The complex includes two matching 2-bedroom, 2.5-bathroom units that were completely remodeled from the original structure. These homes feature large enclosed backyards, mature vegetation, and abundant natural light from the upstairs bedrooms. There are also two matching 2-bedroom, 2-bathroom units built as ground-up new construction. Each offers a private yard, tall vaulted ceilings, and upstairs patios. The final unit is a spacious 1-bedroom, 1-bathroom residence located on the ground level with no steps, providing easy access and the same high-quality amenities found in the other floor plans. All units have their own designated laundry, utilities, and parking. Income potential in this area is exceptional, with two of the units eligible for legal vacation rentals. Do not miss out on this rare gem so close to the beach, shops, fitness studios, and community centers which is desired by everyone in this amazing beach town.

Mortgage Calculator

Est. Monthly Payment

$33,963

Principal & Interest$27,053
Property Tax$5,350
Insurance$1,560
%($1,070,000)
%

Location

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Comparable Properties

1 comp found

This Property

$13,126

vs

Comp Average

$13,633

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

Investment Score

0D
Est. Monthly Rent
$13,126
Monthly Cashflow

Rent − PITIA

$-20,837
Full Cashflow

Incl. vacancy, PM, maint, capex

$-28,314

Mortgage (P+I)
$27,053
Cap Rate
-0.28%
Cash-on-Cash
-31.75%
DSCR

Need ≥ 1.25 for DSCR loan

0.39
Break-even Rent
$49,897

NOI (Annual)
$-15,136
Price-to-Rent

Lower = better for investors

34.0

* 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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