273 Hillcrest Drive

273 Hillcrest Drive

D

Encinitas, CA 92024

$3,895,000

Soft Appraisal Value: $3,702,700 · 5.2% above estimate

Beds

9

Baths

8

Sqft

3,600

Year Built

1984

Days on Market

59

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2601187

Description

Discover an extraordinary opportunity in the heart of Leucadia — an idyllic family compound nestled on a sprawling .4-acre flat lot, perfectly situated just west of Interstate 5. This unique property offers over 3,600 square feet of versatile living space, ideal for creating cherished family memories and enjoying a serene lifestyle. The compound features a harmonious blend of private living quarters, including a spacious 2-bedroom, 2-bathroom residence, perfect for the main family home and two charming 2-bedroom, 1-bath units, ideal for extended family or guests. It also includes three cozy 1-bedroom, 1-bathroom units, offering private retreats and a quaint studio unit, perfect for additional guests or as a creative space. The property is complemented by an oversized two-car garage, a covered carport, and an onsite laundry facility, ensuring convenience and ample space for everyone. Enjoy the luxury of a private yard and generous storage areas amidst lush, mature landscaping that envelopes this uniquely designed compound. Connected to city sewer and equipped with four separate gas meters, this property is a blend of functionality and charm. Three of the units have been thoughtfully remodeled in the past year, adding modern touches to the classic appeal. With its potential for both long-term stability and short-term rental opportunities, Hillcrest is more than just a property. It's a canvas for your family's future. Come explore this rare gem and envision how it could become the perfect backdrop for your family's next chapter.

Mortgage Calculator

Est. Monthly Payment

$24,726

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

Comparable Properties

1 comp found

This Property

$12,600

vs

Comp Average

$11,802

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

Investment Score

1D
Est. Monthly Rent
$12,600
Monthly Cashflow

Rent − PITIA

$-12,126
Full Cashflow

Incl. vacancy, PM, maint, capex

$-18,270

Mortgage (P+I)
$19,695
Cap Rate
0.44%
Cash-on-Cash
-28.14%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.51
Break-even Rent
$36,327

NOI (Annual)
$17,102
Price-to-Rent

Lower = better for investors

25.8

* 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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