$2,200,000
●
Land -
Off Market
403 Orpheus Ave
Encinitas, CA 92024
Studio
0 Bath
$3,791,624
RealtyHop Estimate
51.97%
Since Feb 1, 2019
National-US
Primary Model
About This Property
Opportunity knocks! Incredibly rare 43,000 square foot lot, west of
the 5, with sweeping ocean views! A blank canvas with stunning
sunsets and all the room you would need to build an extraordinary,
one of a kind estate. Walking distance to the beach, Olde Encinitas
and Leucadia. Incredible beaches nearby including Moonlight,
Stone Steps, Beacons, and Grand View. Quaint one of a kind
shops and restaurants. Encinitas is THE quintessential beach
town... and it can all be at your fingertips. Neighborhoods:
Encinitas Other Fees: 0
Unit Size
-
Days on Market
68 days
Land Size
0.99 acres
Price per sqft
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Property Type
Land
Property Taxes
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HOA Dues
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Year Built
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Cap Rate Calculator
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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 #180063871)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 22, 2019 | Sold | ||
| Sold | |||
| Nov 15, 2018 | Listed by Shoreline Properties | $2,495,000 | |
| Listed by Shoreline Properties | |||
| Oct 20, 2015 | Sold | ||
| Sold | |||
| May 29, 2015 | Listed by Coldwell Banker Res Brokerage | $1,995,000 | |
| Listed by Coldwell Banker Res Brokerage | |||
| | |||
|
Just shy of a full acre with a big ocean view. Large view parcels like this are hard to come by west of I-5. Beautiful down town Encinitas, Moonlight Beach, two city parks and public transportation are just minutes away from this prime Encinitas lot. Build your dream estate here at one of North county's most popular coastal communities and enjoy all the best of the coastal Encinitas beach life style. Neighborhoods: encinitas Other Fees: 0 Sewer: Perc Test Required
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
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Sold On
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HOA + Taxes
About Encinitas
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Listed by: Shawn Bengtson, Shoreline Properties
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 180063871
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 180063871
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