937 3rd Street

937 3rd Street

D

Encinitas, CA 92024

$3,499,995

Beds

4

Baths

2

Sqft

1,772

Year Built

1950

Days on Market

321

Property Type

Duplex

HOA/mo

N/A

MLS ID

NDP2504656

Description

HUGE PRICE REDUCTION! Seller says sell it! 937 3rd Street is an elegantly reimagined duplex nestled in the heart of downtown Encinitas. This modern gem offers a unique blend of sophistication and coastal charm, making it an exceptional opportunity to own a long-term legacy property in one of San Diego's most coveted locations. Spanning a generous 1,772 square feet, this duplex comprises two distinct units. The upper unit, with its 876 square feet, features 2 well-appointed bedrooms a stylish bathroom and a spacious private patio with room for family and friends. The lower unit offers 896 square feet of living space, also encompassing 2 bedrooms, generous modern bathroom and an oversized patio spanning the entire width of the unit along with side yard. Both units are thoughtfully designed with contemporary finishes and conveniences, including air conditioning and in-unit washers and dryers. The property's total lot size of 5,221 square feet presents a wealth of potential. The seller has conceptual plans for an additional two units and four garages on the back portion of the lot, providing ample options for future development. Located just moments away from shops, dining, the beach, entertainment, and transportation, this duplex places the best of Encinitas at your doorstep. Whether you choose to continue its use as an Airbnb and long-term rental or explore new development possibilities, this property is a must-see. Don't miss out on this incredible opportunity to own a piece of coastal paradise. Schedule your viewing today!

Mortgage Calculator

Est. Monthly Payment

$22,219

Principal & Interest$17,698
Property Tax$3,500
Insurance$1,021
%($699,999)
%

Investment Score

0D
Est. Monthly Rent
$7,162
Monthly Cashflow

Rent − PITI − HOA

$-15,057
Full Cashflow

Incl. vacancy, PM, maint, capex

$-19,621

Mortgage (P+I)
$17,698
Cap Rate
-0.66%
Cash-on-Cash
-33.64%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.32
Break-even Rent
$32,644

NOI (Annual)
$-23,075
Price-to-Rent

Lower = better for investors

40.7

* 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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