$2,250,000
●
Land -
Off Market
358 Neptune Avenue
Encinitas, CA 92024
Studio
0 Bath
$13,233
Est. Monthly
About This Property
Rare Opportunity: Discover the ultimate oceanfront/bluff front lot
in Encinitas, nestled on the prestigious Neptune Avenue. This
unique property boasts unobstructed views of the Pacific Ocean,
offering an exceptional canvas to create your dream coastal
residence. Imagine designing a home where every room enjoys
breathtaking ocean vistas, seamlessly blending indoor-outdoor
living spaces to capture the essence of coastal living. Located
within walking distance to charming coffee shops, acclaimed
restaurants, and the sandy beaches of Encinitas, this exclusive
address presents an unparalleled lifestyle opportunity. Craft your
sanctuary amidst magical sunsets and the soothing sound of waves
crashing against the shore. Embrace the luxury of coastal living
with direct beach access and the convenience of nearby amenities.
This is your chance to build a legacy on one of Encinitas's most
sought-after streets. Don't miss out on this extraordinary chance
to own a piece of paradise and experience the true essence of
Southern California coastal living.
Unit Size
-
Days on Market
48 days
Land Size
0.10 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-
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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: 2 years ago (CRMLS #NP24126837)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 24, 2024 | Sold | ||
| Sold | |||
| Oct 20, 2024 | Price Decreased |
$2,695,000
↓ $200K
(6.9%) | |
| Price Decreased | |||
| Oct 20, 2024 | In contract | - | |
| In contract | |||
| Oct 8, 2024 | Relisted | $2,895,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Encinitas
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Listed by: Ariana Gaffoglio, Plus Real Estate Group
Last Updated: 2 years ago
Data Source: CRMLS, MLS# NP24126837
Last Updated: 2 years ago
Data Source: CRMLS, MLS# NP24126837
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