273 Hillcrest Drive

273 Hillcrest Drive

D

Encinitas, CA 92024

$3,895,000

Beds

Baths

Sqft

3,600

Year Built

1984

Days on Market

59

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

NDP2601186

Description

Rare opportunity in the heart of Leucadia to own (7) seven units, all located on a .4-acre flat usable lot west of Interstate 5. Over 3600 total sq. feet of living space. Units consist of (1) 2-bedrooms, 2 full baths, (2) 2-bedroom 1 full bath, (3) 1-Bedroom 1 bath and (1) studio unit. There is an oversized two car garage, covered carport, onsite laundry facility, private yards, and plenty of extra storage areas. Beautiful mature landscaping surrounds this uniquely designed building (including two cottages) providing a peaceful serene setting. All units are connected to the city sewer and there are 4 separate gas meters. Three of the units have been remodeled in the past year. Hillcrest is an ideal property with endless long term or short-term upside.

Mortgage Calculator

Est. Monthly Payment

$24,726

Principal & Interest$19,695
Property Tax$3,895
Insurance$1,136
%($779,000)
%

Investment Score

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

Rent − PITIA

$-18,393
Full Cashflow

Incl. vacancy, PM, maint, capex

$-23,096

Mortgage (P+I)
$19,695
Cap Rate
-1.05%
Cash-on-Cash
-35.58%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.26
Break-even Rent
$36,327

NOI (Annual)
$-40,805
Price-to-Rent

Lower = better for investors

51.3

* 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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