790 Bracero Road
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790 Bracero Road

Ctop 80%

Encinitas, CA 92024Neighborhood: Old Encinitas

$2,999,000
NEW — 0d
STR-eligible · Encinitas, 3-night minimum · TOT 10%

11 licensed short-term rentals within ½ mile (5 whole home), from the cities' license and permit lists of Nov 6, 2026.

Pass at asking: -$14,793/mo full cashflow at 20% down, 7.43% rate.

Works at $1,072,920 (64% under asking), or at 92% down.

Rent $10,702/mo from 19 leases of 4–6 bed houses within 2 mi ($9,413–$16,777).

Beds

5

Baths

3

Sqft

3,490

Year Built

2000

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2610046

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

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About This Property

With ocean views from most rooms, this custom home in the heart of Encinitas sits on approximately half an acre, with approximately 3,490 square feet of living space. The property features five bedrooms and three bathrooms, with one bed and bath conveniently located on the first level. Large picture windows bring in abundant natural light and views of the ocean from all west-facing rooms on both levels! A large kitchen serves as a central gathering point with lots of counter space and storage, flanked by an eat-in dining area and cozy family room. While the open plan living and dining room lend themselves to entertaining, and enjoying the view of the ocean and sprawling yard. The downstairs bedroom (currently used as a den) is a perfect office, separate living room, or guest area. The ocean view primary suite is an impressive space, with a large en-suite bath and walk-in closet. Three additional bedrooms, one more bath, and a large bonus room with ocean view terrace round out the second floor. Brick patios offer additional outdoor areas, and the fully gated, oversized, flag lot provides ample space for creating your own compound. Add a pool, accessory dwelling unit, or garden to your hearts content! In addition to the attached 2 car garage, is a separate 3-car garage/workshop with extra bathroom! Car enthusiasts may opt to keep the workshop or convert it to a permitted ADU, guest house or pool house! This expansive lot has unlimited potential, offering a rare combination of space, location, and versatility in one of Encinitas' most central neighborhoods. Encinitas is home to world class beaches, award winning SDUHSD and EUSD schools, and a vibrant restaurant scene on the Coast Highway 101. This is a rare opportunity to create your dream estate on a private, gated 1/2 acre lot with ocean views from all levels!

Mortgage Calculator

Est. Monthly Payment

$20,534

Principal & Interest$16,661
Property Tax$2,999
Insurance$875
%($599,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Ocean Knoll Elementary · grades K-6 · Encinitas Union Elementary

  • Middle

    Oak Crest 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

10C
Est. Monthly Rent
$10,702

19 leases of 4–6 bed houses within 2 mi · $9,413–$16,777

Blended 50/50 with the zip's market median ($9,864)

Monthly Cashflow

Rent − PITIA

-$9,833
Full Cashflow

Incl. vacancy, PM, maint, capex

-$14,793

What would make this work?

$14,793/mo short at 20% down; 92% down or +$19,212/mo rent closes it.

Break-even price

64% under asking

$1,072,920
Break-even rent

$19,212/mo above the estimate

$29,914/mo
Cashflow at 35% down
−$11,669/mo
Down payment to break even

$2,759,080 cash

92%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$16,661
Cap Rate
0.96%
Cash-on-Cash
-29.60%
DSCR

Need ≥ 1.25 for DSCR loan

0.52

NOI (Annual)
$28,830
Price-to-Rent

Lower = better for investors

23.4

* 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−$14,793/mo