$875,000
●
House -
Off Market
1632 Olmeda
Encinitas, CA 92024
4 Beds
2 Baths,
1
Half Bath
2,285 Ft²
$1,373,424
RealtyHop Estimate
53.46%
Since May 1, 2018
National-US
Primary Model
About This Property
Four bedrooms plus an additional expansive light filled upper level
bonus room with access to a private balcony. Private south facing
front courtyard for enjoying al fresco dining at sunset, gorgeous
wood flooring in living room, updated kitchen with granite counters
and stainless steel appliances, custom sea inspired stair rails
leading to the upper level. The location is fantastic...just
a few short minutes to area amenities. Neighborhoods: Emerald
Classic Unit 2 Equipment: Dryer,Garage Door Opener, Washer
Other Fees: 0 Sewer: Public Sewer Topography: LL
Unit Size
2,285 Ft²
Days on Market
49 days
Land Size
0.16 acres
Price per sqft
$392
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1972
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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 #180010848)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 30, 2021 | No longer available | - | |
| No longer available | |||
| Nov 9, 2021 | Price Decreased |
$1,400,000
↓ $50K
(3.5%) | |
| Price Decreased | |||
| Oct 13, 2021 | Price Decreased |
$1,450,000
↓ $49K
(3.3%) | |
| Price Decreased | |||
| Sep 22, 2021 | Listed by Compass | $1,499,000 | |
| Listed by Compass | |||
| | |||
|
Ideal Encinitas location with award winning schools. Minutes from the beach, seconds from grocery stores and shopping. No HOA or Mello-Roos. Two giant master suites plus three more bedrooms, perfect for guests or an Au Pair. Updated beautiful hardwood floors cover several large living spaces. Extremely low maintenance outdoor space with great hardscape. The front courtyard is fully contained flowing into the living room and out to the back yard, perfect for kids, pets or entertaining without the headache of maintaining a lawn. If you like natural light this home is for you. Lowest price per square foot in the neighborhood! The manager has listed the unit size as 2285 square feet.
| |||
| Apr 19, 2018 | Sold | ||
| Sold | |||
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Property Highlights
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Encinitas
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Listed by: Kathleen Blair, Pacific Sotheby's Int'l Realty
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 180010848
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 180010848
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