$990,000
●
House -
Off Market
178 Range
Encinitas, CA 92024
2 Beds
1 Bath
640 Ft²
$1,809,515
RealtyHop Estimate
82.78%
Since Apr 1, 2015
National-US
Primary Model
About This Property
Small beach cottage on .23 acre lot. All flat and usable. Top of
the hill location, 3rd home back from ocean. Property backs up to
east side of Neptune Ave homes. Very private and secluded in North
Leucadia. Perfect property to develop. Most of the value is in the
land. Short stroll down the hill to 101. Lot square footage is
10,019. Zoning 2 according to tax role. Neighborhoods: Beach
Equipment: Range/Oven Other Fees: 0 Sewer: Sewer
Connected Topography: LL
Unit Size
640 Ft²
Days on Market
32 days
Land Size
-
Price per sqft
$1,547
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1939
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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: 4 months ago (SDMLS #150007988)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 19, 2024 | No longer available | - | |
| No longer available | |||
| Sep 20, 2023 | Listed by Compass | $2,700,000 | |
| Listed by Compass | |||
| | |||
|
Your dream of building a custom home from the ground up can come true in the coastal Encinitas community of Leucadia, where this spacious lot of nearly 10,000 square feet is just two blocks from the beach and welcomes northern and northeastern views. All flat and usable, the prime homesite offers direct access to Highway 101 and is close to Grandview Surf Beach, Leucadia Oaks Park, excellent schools, and popular shops, cafés and restaurants. Plans now under review with the city include an ADU of approximately 520 square feet, and a main house with five bedrooms and four baths in about 4,114 square feet. The Coastal Modern residence would occupy a first-floor building pad of approximately 2,238 square feet. Zoned R-11 creating a multitude of use options. This exceptionally rare property is destined to sell quickly. The manager has listed the unit size as 600 square feet.
| |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Apr 3, 2021 | In contract | - | |
| In contract | |||
| Feb 25, 2021 | Listed | $1,875,000 | |
| Listed | |||
| | |||
|
Incredible opportunity to purchase this flat, sunny, private & entirely usable 10,000SF lot in Leucadia. With direct access to Hwy 101 & offering north-easterly & easterly views this land is zoned R-11 creating a multitude of use options. Currently there is a 1BR, 1BA cottage & 2-car garage. This lot is tucked behind 1503 Neptune (also for sale; see MLS#210004913). Purchase both for a rare coastal compound w/ direct access to Coast Hwy 101 & Neptune Ave. Enjoy walking to the beach, shops & restaurants. The manager has listed the unit size as 600 square feet.
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Property Highlights
Parking Available
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: Gary Martin, Gary Martin, Broker
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 150007988
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 150007988
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