935 Encinitas Blvd

Encinitas, CA 92024

$2,499,000

Beds

Baths

Sqft

1,709

Year Built

1940

Days on Market

102

Property Type

Single Family

HOA/mo

N/A

MLS ID

250044520SD

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Description

RARE .76 ACRE REDEVELOPMENT OPPORTUNITY ON ENCINITAS BLVD! Prime location surrounded by mixed-use development—SFR, condos, apartments & retail. Existing 1940 home + ADU occupy this lot. THE VALUE IS IN THE LAND. R-1 zoning with Multi-Family land use designation allows 2+ units. Just west of the I5. 5 min to beaches, close proximity to recreation & shopping. Property sold AS-IS. Ideal for investor/builder ready to capitalize on Encinitas' limited land inventory. Don't miss this rare chance in highly-coveted Encinitas!

Mortgage Calculator

Est. Monthly Payment

$15,864

Principal & Interest$12,636

Property Tax$2,499

Insurance$729

Down Payment

%($499,800)

Interest Rate

Loan Term

Comparable Properties

5 comps found

This Property

$6,568

Comp Average

$6,172

1460 Orpheus Avenue

4bd / 2ba · 2,076 sqft · Single Family

$1.88M

Est. $7,024/mo

1990 Avenida La Posta

4bd / 3ba · 2,355 sqft · Single Family

$1.85M

Est. $6,809/mo

2072 Wandering Road

4bd / 2.5ba · 2,045 sqft · Single Family

$1.79M

Est. $6,005/mo

1549 Avenida De Las Adelsas

4bd / 2ba · 1,672 sqft · Single Family

$1.80M

Est. $5,620/mo

1517 Shields Ave

4bd / 2ba · 1,830 sqft · Single Family

$1.90M

Est. $5,402/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

Est. Monthly Rent

Market Rent Estimate

$6,568

Monthly Cashflow

Rent − PITI − HOA

$-9,296

Full Cashflow

Incl. vacancy, PM, maint, capex

$-12,889

Mortgage (P+I)

$12,636

Cap Rate

-0.12%

Cash-on-Cash

-22.32%

DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.52

Break-even Rent

$15,864

NOI (Annual)

$-3,038

Price-to-Rent

Lower = better for investors

31.7

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

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