375 I Street
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375 I Street

D

Encinitas, CA 92024

$3,300,000
NEW — 4d

Soft Appraisal Value: $3,145,200 · 4.9% above estimate

Beds

2

Baths

2.5

Sqft

1,921

Year Built

1978

Days on Market

4

Property Type

Condo

HOA/mo

$835

MLS ID

NDP2604876

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

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About This Property

Amazing, rare opportunity! These units hardly ever come on the market in downtown Encinitas, especially with this size living area. Get ready to put in your offer! Direct white-water, ocean view 2 bed plus office, 1921sf town house within easy walking distance to downtown Encinitas, SRF and Swami's beach!!! Complete contemporary renovation 'down to the studs' with the ceilings raised in 2020. Top of the line European plumbing fixtures, Dacor kitchen appliances, custom cabinetry throughout, and extremely rare soapstone countertops. Direct ocean view from the entire first floor and the primary bedroom and bath upstairs. Porcelain tile throughout with underfloor radiant heat in the primary suite. Open house begins 5/22 5-7pm, 5/23 and 5/24 2-5pm.

Mortgage Calculator

Est. Monthly Payment

$21,784

Principal & Interest$16,687
Property Tax$3,300
Insurance$962
HOA$835
%($660,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$7,374
Monthly Cashflow

Rent − PITIA

$-14,410
Full Cashflow

Incl. vacancy, PM, maint, capex

$-18,856

Mortgage (P+I)
$16,687
Cap Rate
-0.79%
Cash-on-Cash
-34.28%
DSCR

Need ≥ 1.25 for DSCR loan

0.34
Break-even Rent
$31,862

NOI (Annual)
$-26,028
Price-to-Rent

Lower = better for investors

37.3

* 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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