$860,000
●
House -
Off Market
1038 Evergreen
Encinitas, CA 92024
4 Beds
3 Baths
2,225 Ft²
$1,506,935
RealtyHop Estimate
77.50%
Since Jan 1, 2016
National-US
Primary Model
About This Property
Amazing & rare property on huge flat 9,583 SF lot in the heart of
coastal Encinitas. Completely remod. 3 bed, 2 bath main house with
permitted det 1 bed gem of a guest house. Both homes have remod.
kitchens, flooring, baths, roofs, water heaters and plumbing, and
are truly move in ready. Spacious rear yard complete with
sprinklers and large shed for your surfboards and tools, with
plenty of room to expand. Close to DT Encinitas, walking distance
to distinguished schools and less than 1.5 miles to beach!
Neighborhoods: Avocado Acres Equipment: Dryer, Range/Oven,
Shed(s), Washer Other Fees: 0 Sewer: Sewer Connected
Topography: LL Guest House Est. SQFT: 500
Unit Size
2,225 Ft²
Days on Market
27 days
Land Size
0.22 acres
Price per sqft
$382
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1958
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
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%.
How much can I actually make?
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.
How is cap rate calculated?
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.
Last updated: 5 months ago (SDMLS #150059370)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Apr 4, 2021 | In contract | - | |
| In contract | |||
| Feb 23, 2021 | Listed | $1,392,500 | |
| Listed | |||
| | |||
|
One of a kind Single Family home with detached guest house on over 1/4 of an acre in the heart of Encinitas. This home includes 3 bedrooms and 2 bathrooms in the main home, along with detached guest home featuring 1 bedroom, 1 bathroom, kitchen, living room, and laundry. Excellent investment or extended family living situation. Spacious and oversized backyard yard with room for gardening and entertaining, including RV/boat access and enclosed shed. The garage has been converted into a yoga studio or theater, which ever you prefer. Large driveway lends to plenty of parking as well. Walking distance to highly rated schools and less than 1.5 miles to the sand in your toes on the beach. The manager has listed the unit size as 2225 square feet.
| |||
| Dec 1, 2015 | Sold | ||
| Sold | |||
| Nov 4, 2015 | Listed by Riviera Realty Group, Inc. | $849,000 | |
| Listed by Riviera Realty Group, Inc. | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Encinitas
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Listed by: Robert Long, Riviera Realty Group, Inc.
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 150059370
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 150059370
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