$1,530,000
●
House -
Off Market
188 Phoebe St.
Encinitas, CA 92024
3 Beds
3 Baths
1,245 Ft²
$2,311,456
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model
About This Property
Charming Leucadia beach cottage with permitted accessory unit just
steps from Beacons Beach! Live in one and rent the other or rent
both at premium beach rates - the options are endless with this
unique coastal opportunity. Main house is a single story 2 bed 2
bath with hardwood, granite counters, stainless appliances and
large grassy yard. 1br accessory unit sits above the garage and
features cozy living room, kitchen, full bath and ocean view
rooftop deck! 2 separate one car garages and outdoor shower.
Leave the car behind and head out on foot or bike to immerse
yourself in Leucadia, one of San Diego's hottest neighborhoods! New
restaurants, bars, and shops are opening regularly along the
Historic Hwy 101 in this friendly and charming beach town..
Neighborhoods: Leucadia West of 101 Equipment:
Dryer,Garage Door Opener, Range/Oven, Washer Other Fees: 0
Sewer: Sewer Connected Topography: LL Guest House Est. SQFT:
400
Unit Size
1,245 Ft²
Days on Market
37 days
Land Size
0.16 acres
Price per sqft
$1,227
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2003
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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 #180046709)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 27, 2018 | Sold | ||
| Sold | |||
| Aug 21, 2018 | Listed by Seabreeze Coastal Properties | $1,528,000 | |
| Listed by Seabreeze Coastal Properties | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
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Listed On
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Sold On
Sold On
HOA + Taxes
About Encinitas
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Listed by: Sander Harth, Seabreeze Coastal Properties
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 180046709
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 180046709
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