405 Requeza Street #H9
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405 Requeza Street #H9

Ctop 80%

Encinitas, CA 92024Neighborhood: Old Encinitas

$660,000
STR closed · Encinitas allows houses and duplexes only

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 →

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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

Principal & Interest$3,641
Property Tax$660
Insurance$192
HOA$595
%($132,000)
%
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.

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

Investment Score

33C
Est. Monthly Rent
$3,337

19 leases of studio–2 bed condos & townhomes within 1 mi · $3,236–$3,948

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,751
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,069

What would make this work?

$3,069/mo short at 20% down; 88% down or +$3,986/mo rent closes it.

Break-even price

61% under asking

$258,414
Break-even rent

$3,986/mo above the estimate

$7,323/mo
Cashflow at 35% down
−$2,386/mo
Down payment to break even

$580,800 cash

88%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,641
Cap Rate
1.34%
Cash-on-Cash
-27.90%
DSCR

Need ≥ 1.25 for DSCR loan

0.66

NOI (Annual)
$8,872
Price-to-Rent

Lower = better for investors

16.5

* 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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CCashflow−$3,069/mo