975 Urania Avenue
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975 Urania Avenue

C

Encinitas, CA 92024

$2,399,000
NEW — 7d

Soft Appraisal Value: $2,301,200 · 4.2% above estimate

Beds

5

Baths

3

Sqft

1,816

Year Built

1940

Days on Market

7

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2606285

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

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About This Property

Rare opportunity in Leucadia. Bring your contractor. Over half an acre in the heart of Leucadia presents a rare opportunity to create something truly special. Located just minutes from Beacon's Beach, Grandview Beach, Highway 101, local restaurants, coffee shops, and some of North County's most sought-after beaches, this property offers the size, location, and flexibility that are becoming increasingly difficult to find. Whether your vision is a custom coastal estate, a private family compound, or a residential development, the property offers a variety of possibilities. Buyers may wish to explore subdivision and development opportunities available under current California housing laws, including SB 9 and SB 1123, subject to approval and verification by the City of Encinitas. As an added option, the sellers’ licensed general contractor, developer, and interior designer are available at buyer's discretion and under a separate agreement, to assist with the entitlement, design, renovation, and/or construction process from concept through completion.

Mortgage Calculator

Est. Monthly Payment

$15,229

Principal & Interest$12,131
Property Tax$2,399
Insurance$700
%($479,800)
%

Location

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Investment Score

4D
Est. Monthly Rent
$7,748
Monthly Cashflow

Rent − PITIA

$-7,482
Full Cashflow

Incl. vacancy, PM, maint, capex

$-11,263

Mortgage (P+I)
$12,131
Cap Rate
0.43%
Cash-on-Cash
-28.17%
DSCR

Need ≥ 1.25 for DSCR loan

0.51
Break-even Rent
$22,375

NOI (Annual)
$10,414
Price-to-Rent

Lower = better for investors

25.8

* 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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