765 Val Sereno Drive
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765 Val Sereno Drive

Ctop 80%

Encinitas, CA 92024Neighborhood: Olivenhain

$2,949,000
STR-eligible · Encinitas, 3-night minimum · TOT 10%

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 →

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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

Principal & Interest$16,383
Property Tax$2,949
Insurance$860
%($589,800)
%
Loan Term

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.

Investment Score

9C
Est. Monthly Rent
$10,453

15 leases of 4-bed houses within 2 mi · $9,103–$15,027

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$9,739
Full Cashflow

Incl. vacancy, PM, maint, capex

-$14,601

What would make this work?

$14,601/mo short at 20% down; 92% down or +$18,962/mo rent closes it.

Break-even price

64% under asking

$1,047,918
Break-even rent

$18,962/mo above the estimate

$29,415/mo
Cashflow at 35% down
−$11,529/mo
Down payment to break even

$2,713,080 cash

92%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$16,383
Cap Rate
0.94%
Cash-on-Cash
-29.71%
DSCR

Need ≥ 1.25 for DSCR loan

0.52

NOI (Annual)
$27,660
Price-to-Rent

Lower = better for investors

23.5

* 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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CCashflow−$14,601/mo