815 Hermes Avenue
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815 Hermes Avenue

D

Encinitas, CA 92024

$1,900,000
NEW — 2d

Beds

3

Baths

2

Sqft

1,412

Year Built

1957

Days on Market

2

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2604127

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

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About This Property

Welcome to 815 Hermes Avenue, a classic 1957 beach cottage tucked just two blocks east of the Pacific Coast Highway in the heart of Leucadia. Set along an idyllic, tree-lined cul-de-sac, this quiet stretch of Hermes Avenue captures the laid-back coastal charm that makes Encinitas so special. The 3-bedroom, 2-bath home offers 1,412 square feet of living space, a two-car garage, and sits on a flat and usable 0.21-acre lot — presenting endless potential to restore, reimagine, or expand. Enjoy the ultimate walkable lifestyle. Stroll to Beacons Beach at Leucadia State Park for sunset surf sessions, morning walks, or sandy afternoons. You’re also moments from beloved local restaurants, coffee shops, and the recently opened Chick & Hawk, all just minutes from your front door. Offered as an as-is estate sale, this property presents a rare opportunity to own a piece of classic Leucadia on a generous lot in one of North County’s most desirable coastal neighborhoods.

Mortgage Calculator

Est. Monthly Payment

$12,062

Principal & Interest$9,607
Property Tax$1,900
Insurance$554
%($380,000)
%

Location

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Investment Score

2D
Est. Monthly Rent
$5,582
Monthly Cashflow

Rent − PITIA

$-6,479
Full Cashflow

Incl. vacancy, PM, maint, capex

$-9,347

Mortgage (P+I)
$9,607
Cap Rate
0.16%
Cash-on-Cash
-29.52%
DSCR

Need ≥ 1.25 for DSCR loan

0.46
Break-even Rent
$17,720

NOI (Annual)
$3,130
Price-to-Rent

Lower = better for investors

28.4

* 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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