387 Ocean View Avenue
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387 Ocean View Avenue

D

Encinitas, CA 92024

$1,550,000
NEW — 6d

Beds

2

Baths

2

Sqft

1,356

Year Built

1945

Days on Market

6

Property Type

Single Family

HOA/mo

N/A

MLS ID

260013275SD

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

About This Property

West of the freeway in Encinitas, the day starts before the alarm. Wax up, walk to the break, beat the crowd home for coffee in the yard. This is the kind of pocket you do not stumble into by accident. The streets here have texture, the houses have history, and the lots got drawn up long before anyone started worrying about maximizing density. The home itself keeps things simple at 1,356 square feet across two bedrooms and two baths. Outside is where this property really shows its hand. Over 16,000 square feet of land west of the 5 is rare air, and the slope down toward the freeway gives you a sense of openness most lots around here will never have. Room for a garden, a board shed, a project truck, terraced decks that catch the afternoon light, or whatever the good life looks like from your driveway. The 2nd bedroom and bath have 2 access points: an exterior door and the garage. This one is not turnkey, and that is the point. You have a running head start with a home you can move into and have the opportunity to make this property your own over time. The bones, the location, and the dirt are the gift. The rest is yours to shape. Bring an architect, bring some patience, and build something worth keeping. Homes on lots like this trade hands once in a generation. Come walk it before someone else writes the next chapter.

Mortgage Calculator

Est. Monthly Payment

$9,840

Principal & Interest$7,838
Property Tax$1,550
Insurance$452
%($310,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$4,181
Monthly Cashflow

Rent − PITIA

$-5,659
Full Cashflow

Incl. vacancy, PM, maint, capex

$-7,912

Mortgage (P+I)
$7,838
Cap Rate
-0.06%
Cash-on-Cash
-30.63%
DSCR

Need ≥ 1.25 for DSCR loan

0.42
Break-even Rent
$14,456

NOI (Annual)
$-892
Price-to-Rent

Lower = better for investors

30.9

* 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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