250 Hillcrest Drive

250 Hillcrest Drive

D

Encinitas, CA 92024

$5,350,000

Beds

Baths

Sqft

5,104

Year Built

2026

Days on Market

81

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

NDP2600437

Description

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)
%

Investment Score

0D
Est. Monthly Rent
$7,574
Monthly Cashflow

Rent − PITIA

$-26,389
Full Cashflow

Incl. vacancy, PM, maint, capex

$-32,589

Mortgage (P+I)
$27,053
Cap Rate
-1.24%
Cash-on-Cash
-36.55%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.22
Break-even Rent
$49,897

NOI (Annual)
$-66,436
Price-to-Rent

Lower = better for investors

58.9

* 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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