
405 Requeza Street #H9
Ctop 80%Encinitas, CA 92024Neighborhood: Old Encinitas
21 licensed short-term rentals within ½ mile (14 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$3,069/mo full cashflow at 20% down, 7.36% rate.
Works at $258,414 (61% under asking), or at 88% down.
Rent $3,337/mo from 19 leases of studio–2 bed condos & townhomes within 1 mi ($3,236–$3,948).
Beds
1
Baths
1
Sqft
744
Year Built
1974
Days on Market
64
Property Type
Condo
HOA/mo
$595
MLS ID
NDP2602821
This property is in Encinitas (92024). View neighborhood stats →
About This Property
This Encinitas condo is the perfect blend of convenience and efficiency! Offering one bedroom, one bathroom, plus a second flex room with a built-in Murphy bed that functions as a guest room or home office space! Recently upgraded with luxury vinyl plank flooring, dual A/C mini splits, new patio fencing, new bathroom vanity, fresh interior paint, baseboards, moldings, ceiling fans, and an in-unit combo washer/dryer. Ideally located for quick access to downtown Encinitas shops and restaurants, world-class beaches, the Coaster Station, and the 5 Freeway. Other features include a newer front door, two large sliding doors to the private patio with café lights, a walk-in closet in the primary, and a stainless refrigerator. The Regal View community offers a pool, laundry rooms, dog park, two parking spaces, gated access, water, sewer and trash services, with HOA fees of $595/month. Furnishings are negotiable to make this your turn-key beach retreat!
Mortgage Calculator
Est. Monthly Payment
$5,089
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 foundThis Property
$3,337
Comp Average
$3,036
405 Requeza St
1bd / 1ba · 722 sqft · Condo
$569K
Est. $3,305/mo
155 Rosebay Drive
1bd / 1ba · 630 sqft · Condo
$550K
Est. $2,963/mo
1650 El Camino Real
1bd / 1ba · 650 sqft · Condo
$499K
Est. $2,763/mo
704 Regal Road
1bd / 1ba · 744 sqft · Condo
$620K
Est. $3,337/mo
1810 El Camino Real
1bd / 1ba · 650 sqft · Condo
$559K
Est. $2,810/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
19 leases of studio–2 bed condos & townhomes within 1 mi · $3,236–$3,948
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,069/mo short at 20% down; 88% down or +$3,986/mo rent closes it.
- Break-even price
- $258,414
- Break-even rent
- $7,323/mo
- Cashflow at 35% down
- −$2,386/mo
- Down payment to break even
- 88%
- Rate to break even
- Not reachable
61% under asking
$3,986/mo above the estimate
$580,800 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% 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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