Encinitas
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Encinitas

D

Encinitas, CA 92024

$1,249,000
NEW — 0d

Beds

2

Baths

2

Sqft

966

Year Built

1975

Days on Market

0

Property Type

Condo

HOA/mo

$734

MLS ID

NDP2603932

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

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About This Property

Welcome to this luxury coastal gem just one block from Beacon's Beach located within a gated community! This beautifully fully renovated 2 bedroom, 2 bathroom, spanning over 966 square foot home offers a spacious and functional layout that’s truly a must-see situated in an unbeatable location. Beautifully remodeled throughout in 2021 with high-end materials and designer finishes, the home features all new 3M tinted double-paned windows and sliding glass doors (for privacy and natural lighting), custom Veneta blinds, kitchen includes a Sinkology farmhouse sink, custom shaker cabinetry with soft-close doors, porcelain tile floors throughout kitchen and dining room, top of the line kitchen appliances (all new and installed in 2021 during renovation), Kohler and Grohe fixtures, polished porcelain Carrara tiles, Italian marble vanity in guest bathroom, Brazilian bamboo wood flooring, Century Starphire ultra-clear sliding shower glass doors in bathrooms and custom built-in closets. In addition, LED canned lighting and all chandeliers were added throughout, all new copper plumbing, all new electrical wiring and subpanel box with emergency shut-off for HVAC - emergency shut-off installed all to code. The thoughtfully designed layout offers both space and functionality with ample storage throughout plus additional patio storage. Enjoy the convenience of two assigned parking spaces (one covered, one uncovered) and access to EV charging within the community. Ideally located within walking distance to local restaurants, coffee shops, Farmer’s Market and just moments from Beacon’s Beach, Moonlight Beach and Grandview Beach. This is coastal living at its finest.

Mortgage Calculator

Est. Monthly Payment

$8,663

Principal & Interest$6,316
Property Tax$1,249
Insurance$364
HOA$734
%($249,800)
%

Location

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Investment Score

0D
Est. Monthly Rent
$3,359
Monthly Cashflow

Rent − PITIA

$-5,304
Full Cashflow

Incl. vacancy, PM, maint, capex

$-7,117

Mortgage (P+I)
$6,316
Cap Rate
-0.77%
Cash-on-Cash
-34.19%
DSCR

Need ≥ 1.25 for DSCR loan

0.39
Break-even Rent
$12,602

NOI (Annual)
$-9,617
Price-to-Rent

Lower = better for investors

31.0

* 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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