698 Hygeia Ave

698 Hygeia Ave

D

Encinitas, CA 92024

$2,075,000
NEW — 7d on market

Beds

2

Baths

2.5

Sqft

1,982

Year Built

1984

Days on Market

7

Property Type

Townhouse

HOA/mo

N/A

MLS ID

260002984SD

Description

Introducing 698 Hygeia - a light and bright twinhome WEST OF I5 in the heart of Leucadia/Encinitas, easily WALKABLE to Beacon’s Beach, local shops and restaurants along the 101, and the Sunday Farmers Market. This beautifully updated home delivers the quintessential Encinitas beach lifestyle with the rare combination of privacy, flexibility, and modern upgrades. Offering nearly 2,000 SF, the home features main living areas and kitchen on the entry level, with 2 bedrooms plus a 3rd flex room downstairs. Originally a standard bedroom, the flex room has been upgraded with a kitchenette and can function as a guest suite, office, or multi-gen space. With separate ingress/egress, rooms 2 and 3 have also been utilized as a private short- and long-term rental with strong income history. The interior fills with natural light from multiple skylights and vaulted ceilings, and showcases premium modern finishes throughout. The kitchen features updated appliances, 2 built-in wine refrigerators, and a stylish dry bar. Enjoy sunset views with peekaboo ocean views, plus multiple patio/deck spaces for lounging. Step outside to a private backyard that feels like a tropical retreat, lined with mature palms, birds of paradise, bougainvillea, and lime, lemon, and passionfruit trees. The entertainer’s yard includes a built-in BBQ island and gas fireplace. Additional highlights include a large walk in closet in primary room, a private 2-car garage + 2 driveway spaces, owned SunRun solar, NO HOA, central A/C, EV charging, separate laundry room, and reverse osmosis water filtration.

Mortgage Calculator

Est. Monthly Payment

$13,173

Principal & Interest$10,492
Property Tax$2,075
Insurance$605
%($415,000)
%

Investment Score

2D
Est. Monthly Rent

Zillow Rent Zestimate

$6,927
Monthly Cashflow
$-9,568

Mortgage (P+I)
$10,492
Cap Rate
0.53%
Cash-on-Cash
-27.67%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.66
Break-even Rent
$15,941

NOI (Annual)
$11,095
Price-to-Rent

Lower = better for investors

25.0

* Defaults: 20% down, 6.5% rate, 30yr.

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