658 Santa Fe Dr.
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658 Santa Fe Dr.

D

Encinitas, CA 92024

$2,950,000

Beds

Baths

Sqft

Year Built

1989

Days on Market

8

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

260010174SD

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

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About This Property

A rare coastal Duplex that lives like two single-family homes, offering Peek-a-Boo ocean views in the heart of Encinitas. This exceptional side-by-side property features two spacious residences, each approximately 1,980 sq ft—larger than many single-family homes—offering 4 bedrooms and 2.5 bathrooms totaling to 3,960 sq ft with 8 bedroom and 5 bathrooms situated on a approxmatly 9,646 sq ft of usable flat land. A versatile fourth bedroom with a private entrance and its own A/C mini-split is ideal for a home office, gym, guest suite, or in-law quarters. Fully renovated with high-end finishes, including new roof, HVAC, windows, flooring, cabinetry, and countertops, the property delivers modern comfort and turnkey convenience. Each unit enjoys a large private backyard and a functional layout. Only the fourth bedroom/office, adjacent to the garage, shares one wall to ensure privacy. Situated minutes from Downtown Encinitas and Cardiff Town Center, on an expansive ~10,000 sq ft lot with 2-car garages for each unit plus parking for 6–7 vehicles or RV potential—an incredibly rare offering. Ideal for owner-users, investors, or short-term rental potential in a prime coastal location.

Mortgage Calculator

Est. Monthly Payment

$18,727

Principal & Interest$14,917
Property Tax$2,950
Insurance$860
%($590,000)
%

Investment Score

0D
Est. Monthly Rent
$6,177
Monthly Cashflow

Rent − PITIA

$-12,550
Full Cashflow

Incl. vacancy, PM, maint, capex

$-16,429

Mortgage (P+I)
$14,917
Cap Rate
-0.62%
Cash-on-Cash
-33.41%
DSCR

Need ≥ 1.25 for DSCR loan

0.33
Break-even Rent
$27,513

NOI (Annual)
$-18,145
Price-to-Rent

Lower = better for investors

39.8

* 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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