102 Cerro Street
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 31, 2025 | Sold | ||
| Sold | |||
| Oct 4, 2025 | In contract | - | |
| In contract | |||
| Aug 14, 2025 | Listed by Redfin | $2,095,000 | |
| Listed by Redfin | |||
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Discover this exceptional, fully remodeled, multi-functional property offering flexibility, comfort, and impressive income potential. Set on a private, fully fenced lot surrounded by mature hedges, this versatile home includes a spacious 4-bedroom, 3-bath main residence (2,157 sq ft) and a fully permitted 2-bedroom, 2-bath Accessory Dwelling Unit (ADU) with private entry (950 sq ft) that was built in 2021. The propert has generated approximately $170K annually through short-term rental use of the main house —providing a unique opportunity for supplemental income or multigenerational living. The main home features a split-level design with an open living, dining, and kitchen area on the entry level, and a large family/game room with backyard access, half bath, and direct entry to the attached 3-car garage on the ground level. Upstairs you'll find all bedrooms and full bathrooms. Enjoy hardwood flooring, a newer roof, central A/C, laundry in the garage, and abundant storage. The yard for the main home is ideal for entertaining and relaxation with a hot tub, outdoor shower, grassy play areas, and complete privacy. The ADU boasts vaulted ceilings, luxury vinyl plank flooring, in-unit laundry, three mini-split systems, and a thoughtful layout with bedrooms on opposite ends for added privacy. With its private entrance and self-contained design, the ADU functions as an ideal rental or guest space. Fully-remodeled from 2018-2020 providing years of future enjoyment. Located less than 3 miles from the ocean—perfect for grabbing your beach cruiser and soaking up the sun. Minutes from award-winning schools, beautiful beaches, vibrant shops, and top-rated restaurants, this is a once-in-a-lifetime opportunity to own a true hidden gem in Encinitas.
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| Sep 12, 2017 | Sold | ||
| Sold | |||
| Jul 13, 2017 | Listed by Westhaven Real Estate Services | $835,000 | |
| Listed by Westhaven Real Estate Services | |||
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About Encinitas
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017