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405 Requeza St #H12

Btop 30%

Encinitas, CA 92024Neighborhood: Old Encinitas

$569,000

STR closed · Encinitas allows houses and duplexes only

18 licensed short-term rentals within ½ mile (12 whole home), from the cities' license and permit lists of Nov 1, 2026.

Pass at asking: -$2,458/mo full cashflow at 20% down, 7.49% rate.

Works at $250,297 (56% under asking), or at 82% down.

Rent $3,280/mo from 18 leases of studio–2 bed condos & townhomes within 1 mi ($3,172–$3,871).

Beds

Baths

Sqft

722

Year Built

1974

Days on Market

Property Type

Condo

HOA/mo

$595

MLS ID

260022668SD

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

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About This Property

Enjoy effortless coastal living in the heart of Encinitas from this beautifully updated upper level condo, thoughtfully designed for comfort, flexibility, and convenience. The move in ready condo features one spacious bedroom plus a versatile optional room that can easily serve as a second bedroom, home office, guest space, or dining area. The updated kitchen is finished with quartz countertops and fresh paint, along with a thoughtfully designed laundry area featuring an in unit washing machine. Luxury vinyl plank flooring extends throughout much of the home, complemented by dual pane windows and sliding glass doors with updated window treatments, ceiling fans, and an electric fireplace with a wall heater that adds warmth to the inviting living space. The remodeled bathroom features a beautiful porcelain and quartz tile shower, while a skylight brings natural light into the flexible bonus room. Just minutes from Encinitas's renowned beaches, restaurants, shopping, and convenient freeway access, this home offers an exceptional opportunity for low maintenance coastal living in one of North County's most desirable communities.

Mortgage Calculator

Est. Monthly Payment

$4,510

Principal & Interest$3,180

Property Tax$569

Insurance$166

HOA$595

Down Payment

%($113,800)

Interest Rate

Loan Term

Location

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Zoned Schools

Elementary
Ocean Knoll Elementary · grades K-6 · Encinitas Union Elementary
Middle
Oak Crest 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 found

This Property

$3,280

Comp Average

$3,041

155 Rosebay Drive

1bd / 1ba · 630 sqft · Condo

$550K

Est. $2,963/mo

1650 El Camino Real

1bd / 1ba · 650 sqft · Condo

$515K

Est. $2,763/mo

704 Regal Road

1bd / 1ba · 744 sqft · Condo

$620K

Est. $3,306/mo

1810 El Camino Real

1bd / 1ba · 650 sqft · Condo

$559K

Est. $2,849/mo

405 Requeza Street

1bd / 1ba · 744 sqft · Condo

$660K

Est. $3,325/mo

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

Short-term not available here. Encinitas allows short-term rentals only in single-family homes and duplexes. See the rules

Investment Score

44B

Est. Monthly Rent

$3,280

18 leases of studio–2 bed condos & townhomes within 1 mi · $3,172–$3,871

Monthly Cashflow

Rent − PITIA

-$1,230

Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,458

What would make this work?

$2,458/mo short at 20% down; 82% down or +$3,193/mo rent closes it.

Break-even price: $250,297
Break-even rent: $6,473/mo
Cashflow at 35% down: −$1,862/mo
Down payment to break even: 82%
Rate to break even: Not reachable

Mortgage (P+I)

$3,180

Cap Rate

1.87%

Cash-on-Cash

-25.92%

DSCR

Need ≥ 1.25 for DSCR loan

0.73

NOI (Annual)

$10,625

Price-to-Rent

Lower = better for investors

14.5

* 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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BCashflow−$2,458/mo