
398 Andrew Avenue
Ctop 80%Encinitas, CA 92024Neighborhood: Leucadia
15 licensed short-term rentals within ½ mile (11 whole home), from the cities' license and permit lists of Nov 3, 2026.
Pass at asking: -$14,949/mo full cashflow at 20% down, 7.49% rate.
Works at $856,918 (69% under asking), or at 97% down.
Rent $8,584/mo from 20 leases of 3-bed houses within 2 mi ($7,300–$9,949).
Beds
3
Baths
2.5
Sqft
3,121
Year Built
1990
Days on Market
93
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2607263
This property is in Encinitas (92024). View neighborhood stats →
About This Property
New price: now offered at $2,795,000. Discover a rare slice of coastal paradise in the heart of Leucadia, Encinitas’ beloved beachside enclave, now priced to move. Set on a peaceful cul-de-sac street, this two-story coastal home has room to breathe on a level, third-acre lot just west of I-5, with space to add a guest house or ADU. At 3,121 square feet, it is one of the larger homes in the neighborhood, offering three bedrooms downstairs plus a family room and game room that flex to fit your life: home gym, media room, playroom, or guest space. Owned solar and upgraded dual-paned French doors deliver comfort, quiet, and lower energy bills year-round. The entire upper level is built for entertaining. A light and bright open kitchen, bar, dining, and living space flows onto an extensive wraparound deck with peek ocean and sunset views, so the party and the coastal air are never more than a few steps away. Outside, the fenced backyard is level and private, with room to relax, entertain, or add a pool. The terraced side yard features a small vegetable garden with room to grow. A two-car attached garage offers EV charging and extra storage, and the circular driveway parks four more cars. Walk to the trails at Batiquitos Lagoon or bike to Grandview, the closest of the area’s renowned surf beaches, along with Beacons and Swami’s. Moonlight Beach and Encinitas Ranch Golf Course are minutes away. Renowned restaurants, cafés, and boutique shopping are part of the rhythm here, served by acclaimed schools. This much space, land, and lifestyle at this new price is an opportunity worth seeing soon. Come feel the good vibes, and make coastal Leucadia yours. Select photos digitally altered to remove upstairs bar and to illustrate a conceptual pool and spa design. No pool or spa currently exists on the property.
Mortgage Calculator
Est. Monthly Payment
$19,229
Location
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Zoned Schools
Elementary
Capri Elementary · grades K-6 · Encinitas Union Elementary
Middle
Diegueno Middle · grades 7-8 · San Dieguito Union High
High
La Costa Canyon High · grades 9-12 · San Dieguito Union High
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$8,584
Comp Average
$7,827
1759 Sky Loft Lane
3bd / 3ba · 2,264 sqft · Single Family
$2.00M
Est. $7,131/mo
1761 Gascony Road
3bd / 2.5ba · 2,262 sqft · Single Family
$2.00M
Est. $7,038/mo
808 Palaro Drive
4bd / 3ba · 2,553 sqft · Single Family
$2.69M
Est. $7,957/mo

3759 Sage Canyon Drive
4bd / 4ba · 3,064 sqft · Single Family
$3.10M
Est. $9,135/mo
4097 Canyon De Oro
4bd / 3ba · 3,030 sqft · Single Family
$2.95M
Est. $7,874/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
20 leases of 3-bed houses within 2 mi · $7,300–$9,949
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$14,949/mo short at 20% down; 97% down or +$19,414/mo rent closes it.
- Break-even price
- $856,918
- Break-even rent
- $27,998/mo
- Cashflow at 35% down
- −$12,020/mo
- Down payment to break even
- 97%
- Rate to break even
- Not reachable
69% under asking
$19,414/mo above the estimate
$2,711,150 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.49% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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