$4,550,000
●
House -
Off Market
350 Neptune Avenue
Encinitas, CA 92024
2 Beds
2 Baths
1,680 Ft²
$23,078
Est. Monthly
About This Property
INTO THE BLUE! Breathtaking ocean views forever are captured in
this single-level, modern midcentury beach bungalow perched on the
bluff of the iconic and desirable Neptune Avenue, just 2 houses
north of Stone Steps Beach access. *** As soon as you step into
this charming 2br/2ba beach cottage you are welcomed by the
stunning ocean views. Featuring great bones, this home is flooded
with natural light and highlighted with exposed wood beamed
ceilings and accented with a cozy fireplace. *** The secondary
Br/Ba has a separate entrance, ideal for guests or visiting
in-laws. There is also an additional room perfect for an office,
den or art studio. *** The inviting patio echoes the true spirit of
coastal living. Bask in the ocean breezes, linger in the sunshine,
watch the dolphins frolic, or dine al fresco and savor the dramatic
sunsets from your own patio. *** Ideally located within walking or
biking distance to the 101 corridor, Moonlight or Beacon's Beach,
cafes, pubs, art galleries, retail shops and the vibrant downtown
Encinitas. *** Original owner, 1st time on market *** Welcome To
Paradise!
Unit Size
1,680 Ft²
Days on Market
28 days
Land Size
0.11 acres
Price per sqft
$2,798
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1958
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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: 13 months ago (SDMLS #NDP2405843)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 31, 2024 | Sold | ||
| Sold | |||
| Jul 3, 2024 | Listed by Coldwell Banker Realty | $4,700,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
|
INTO THE BLUE! Breathtaking ocean views forever are captured in this single-level, modern midcentury beach bungalow perched on the bluff of the iconic and desirable Neptune Avenue, just 2 houses north of Stone Steps Beach access. *** As soon as you step into this charming 2br/2ba beach cottage you are welcomed by the stunning ocean views. Featuring great bones, this home is flooded with natural light and highlighted with exposed wood beamed ceilings and accented with a cozy fireplace. *** The secondary Br/Ba has a separate entrance, ideal for guests or visiting in-laws. There is also an additional room perfect for an office, den or art studio. *** The inviting patio echoes the true spirit of coastal living. Bask in the ocean breezes, linger in the sunshine, watch the dolphins frolic, or dine al fresco and savor the dramatic sunsets from your own patio. *** Ideally located within walking or biking distance to the 101 corridor, Moonlight or Beacon’s Beach, cafes, pubs, art galleries, retail shops and the vibrant downtown Encinitas. *** Original owner, 1st time on market *** Welcome To Paradise!
| |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
Beds
Baths
ft²
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Closing Price
Sold On
Sold On
HOA + Taxes
About Encinitas
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Listed by: Lorie Brakas, Coldwell Banker Realty
Last Updated: 13 months ago
Data Source: CRMLS, MLS# NDP2405843
Last Updated: 13 months ago
Data Source: CRMLS, MLS# NDP2405843
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