
765 Val Sereno Drive
Ctop 80%Encinitas, CA 92024Neighborhood: Olivenhain
1 licensed short-term rental within ½ mile (1 whole home), from the cities' license and permit lists of Nov 9, 2026.
Pass at asking: -$14,601/mo full cashflow at 20% down, 7.43% rate.
Works at $1,047,918 (64% under asking), or at 92% down.
Rent $10,453/mo from 15 leases of 4-bed houses within 2 mi ($9,103–$15,027).
Beds
4
Baths
2.5
Sqft
4,121
Year Built
1987
Days on Market
46
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2608933
This property is in Encinitas (92024). View neighborhood stats →
About This Property
A pine tree-lined street sets the tone for this peaceful Olivenhain home. Surrounded by mature trees and cooled by gentle breezes, it can feel like a getaway in Big Bear - yet Moonlight Beach is only five miles away. With 4 bedrooms, 2.5 bathrooms, and 4,121 square feet of living area, the home has room to spread out and settle in. The great room makes an immediate impression with soaring wood ceilings, striking windows, and abundant natural light. In the designer kitchen, marble counters, a tile backsplash, high-end appliances, lighting, custom cabinets, and warm wood details were carefully chosen to work together. Wide-plank oak floors as well as beautifully updated bathrooms and laundry room carry that same attention to detail throughout. The primary bedroom includes a sitting area and walk-in closet, while a separate theater and hangout room gives everyone a fun place for movie night. The roughly one-third-acre lot offers several inviting spots for outdoor dining, morning coffee, or evening drinks. Mature trees provide privacy, while a small pumped creek feature along the north side adds to the setting. There is room to explore a pool, a garden, or even a small vineyard, plus an existing concrete pad at the back of the lot for an above-ground spa if desired. With nearby walking trails, excellent schools, and easy access to the coast, this is a rare combination of setting, comfort, and finish quality at a compelling value for Olivenhain. The hard work has been done; the next owner gets to enjoy it.
Mortgage Calculator
Est. Monthly Payment
$20,192
Location
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Zoned Schools
Elementary
Olivenhain Pioneer Elementary · grades K-6 · Encinitas Union Elementary
Middle
Diegueno 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.
Comparable Properties
5 comps foundThis Property
$10,453
Comp Average
$10,130
136 Hummingbird
4bd / 3ba · 4,200 sqft · Single Family
$3.15M
Est. $11,683/mo
3105 Caminito Ricardo
5bd / 4ba · 4,422 sqft · Single Family
$3.40M
Est. $10,739/mo
1144 Hermes
5bd / 4ba · 3,963 sqft · Single Family
$4.00M
Est. $11,496/mo
3456 Fortuna Ranch Road
4bd / 3.5ba · 3,538 sqft · Single Family
$4.50M
Est. $8,356/mo
3501 Lone Hill Lane
5bd / 4.5ba · 4,575 sqft · Single Family
$3.60M
Est. $8,374/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
15 leases of 4-bed houses within 2 mi · $9,103–$15,027
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$14,601/mo short at 20% down; 92% down or +$18,962/mo rent closes it.
- Break-even price
- $1,047,918
- Break-even rent
- $29,415/mo
- Cashflow at 35% down
- −$11,529/mo
- Down payment to break even
- 92%
- Rate to break even
- Not reachable
64% under asking
$18,962/mo above the estimate
$2,713,080 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% 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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