534 Ocean View Avenue
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 22, 2026 | Listed by Lee & Associates | $4,995,000 | |
| Listed by Lee & Associates | |||
| May 14, 2025 | Listed | $5,250,000 | |
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Situated in the heart of coastal Encinitas, 534 Ocean View Avenue enjoys a premier location just blocks from the Pacific Ocean. Nestled within one of North County San Diego’s most sought-after beach communities, the property offers immediate proximity to Downtown Encinitas, Moonlight Beach, and the iconic Coast Highway 101 corridor—home to a vibrant mix of shops, restaurants, and local attractions. With excellent walkability, strong visibility, and quick access to Interstate 5 (less than a mile away), the site is perfectly positioned in a thriving, high-demand coastal market. A recently approved Tentative Parcel Map for a 2-lot subdivision unlocks the potential to develop two single-family residential homes and two ADUs on this 0.74-acre site. The property presents an outstanding opportunity for a luxury homebuilder or investor to deliver new product in a market with limited coastal inventory and exceptional buyer demand. With close proximity to the coast and walkable access to beachside amenities, this is a rare chance to acquire a development site in one of Southern California’s most dynamic and desirable coastal cities.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017