489 La Costa Ave.
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489 La Costa Ave.

D

Encinitas, CA 92024

$2,879,900

Soft Appraisal Value: $2,779,400 · 3.6% above estimate

Beds

6

Baths

3.5

Sqft

2,803

Year Built

1980

Days on Market

50

Property Type

Single Family

HOA/mo

N/A

MLS ID

260004604SD

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

Virtual Tour

About This Property

I am excited to share a rare opportunity for a beautiful single-level property located just a short walk to the beach with ADU & Fully Paid Solar system The main home features 4 bedrooms and 2.5 bathrooms, including a primary suite with a walk-in closet and ensuite bath. The interior offers a light-filled great room with an impressive fireplace, a dining area perfect for entertaining, and a kitchen complete with leathered granite counters, warm cabinetry, and a Sub-Zero refrigerator, separate laundry room with storage closets and direct access to the double garage. Outside, you will find a secure front patio with a soothing water feature and a private backyard oasis that includes a vaulted patio cover, a BBQ station, a circular conversation area, and a large TV entertainment center as well as room for children and pets to enjoy the fully fenced area. Additionally, the property includes a detached 2-bedroom, 1-bathroom unit with its own kitchen, private patio, and direct access parking—ideal for rental income or as an in-law suite. Practical amenities include a double garage, ample off-street parking, a storage shed, and RV parking with full hookups and a clean-out. Rare opportunity for this single level 4BR/2.5BA home with separate 2BR/1BA detached ADU Only a short walk to the beach! THis property has ample off street parking, RV Parking with hookups and cleanout plus attached garage for the main residence. You'll find tranquility once you enter the gated front patio area with soothing water feature. Enter the home to the great room with fireplace and dining area that is an entertainers delight! The kitchen features lovely theather granite counters and warm cabinetry and sub zero refrigerator while opening to the family room. The Primary bedroom suite offers walk in closet, ensuite bath with large shower and dual sink vanity and direct access to the back yard. The other bedrooms are separate from the primary bedroom area. The back yard is a private oasis with cozy circular conversation area, BBQ station and Large TV entertainment area, with vaulted patio cover. The ADU is perfect for inlaw quarters or rental income featuring 2 bedrooms/1 bath, kitchen area and access to direct parking and private patio area. There iare 3 sheds for strorage. AND..off street parking for at least 8 autos

Mortgage Calculator

Est. Monthly Payment

$18,282

Principal & Interest$14,562
Property Tax$2,880
Insurance$840
%($575,980)
%

Location

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Investment Score

0D
Est. Monthly Rent
$7,358
Monthly Cashflow

Rent − PITIA

$-10,924
Full Cashflow

Incl. vacancy, PM, maint, capex

$-15,016

Mortgage (P+I)
$14,562
Cap Rate
-0.19%
Cash-on-Cash
-31.29%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.40
Break-even Rent
$26,860

NOI (Annual)
$-5,450
Price-to-Rent

Lower = better for investors

32.6

* 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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