538 4th St

538 4th St

D

Encinitas, CA 92024

$5,950,000

Beds

4

Baths

3.5

Sqft

2,531

Year Built

1992

Days on Market

73

Property Type

Condo

HOA/mo

N/A

MLS ID

260001652SD

Description

Perfectly nestled along the ocean’s edge in the heart of Encinitas, this legacy coastal residence is offered for the first time on the market. Spanning 2,531 square feet with four bedrooms and three and a half baths, the seaside retreat is filled with natural light and enhanced by panoramic Pacific-facing exposure that frames sweeping ocean views. Every moment unfolds like a living canvas, from surfers gliding across the waves to the sky’s breathtaking transformation at sunset. The oceanfront backyard transcends outdoor living, offering a serene retreat for both entertaining and peaceful solitude, where ocean breezes and the rhythmic sounds of the Pacific set a tone of effortless calm. Just steps from world-class surf spots and beaches, and within walking distance to Encinitas’ best restaurants, shops, and everything the iconic Highway 101 has to offer, this oceanfront haven offers an unbeatable location. The property also features a two-car garage, plenty of storage and additional driveway parking. A truly rare opportunity, this coastal home captures timeless appeal and invites a life defined by the very best of Encinitas.

Mortgage Calculator

Est. Monthly Payment

$37,772

Principal & Interest$30,086
Property Tax$5,950
Insurance$1,735
%($1,190,000)
%

Investment Score

0D
Est. Monthly Rent
$6,623
Monthly Cashflow

Rent − PITIA

$-31,148
Full Cashflow

Incl. vacancy, PM, maint, capex

$-37,630

Mortgage (P+I)
$30,086
Cap Rate
-1.52%
Cash-on-Cash
-37.95%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.18
Break-even Rent
$55,493

NOI (Annual)
$-90,523
Price-to-Rent

Lower = better for investors

74.9

* 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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