251 Glaucus Street

251 Glaucus Street #A

D

Encinitas, CA 92024

$2,695,000

Beds

Baths

Sqft

3,130

Year Built

1986

Days on Market

30

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

NDP2602013

Description

Wonderful 3 unit property in the heart of beautiful Leucadia. All units are turnkey and fully occupied. Property consists of a duplex with unit A being a large 3 bedroom, 2 bath home with a large loft at 1830 square feet, and private lawn front yard. Unit B is a 2 bedroom, 1 1/2 bath home at 900 square feet and private backyard area. Detached above the storage garage is unit C, a 400 square foot studio. The garage has been converted and divided into 3 separate storage units that each of the 3 units have their own storage. Each unit has their own laundry room. Unit C studio laundry downstairs in their storage garage. The main house just had an all new roof installed. Great location. Just a moments walk to Highway 101 and all the shops and restaurants in the area. In the 5 years of current ownership the only vacancies have been a few days during a turnover. Always rented and easy to find great tenants. Landlord pays utilities, and tenants pay a flat monthly amount for average utility costs.

Mortgage Calculator

Est. Monthly Payment

$17,108

Principal & Interest$13,627
Property Tax$2,695
Insurance$786
%($539,000)
%

Investment Score

0D
Est. Monthly Rent
$6,333
Monthly Cashflow

Rent − PITIA

$-10,775
Full Cashflow

Incl. vacancy, PM, maint, capex

$-14,478

Mortgage (P+I)
$13,627
Cap Rate
-0.38%
Cash-on-Cash
-32.23%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.37
Break-even Rent
$25,135

NOI (Annual)
$-10,205
Price-to-Rent

Lower = better for investors

35.5

* 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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