$2,500,000
●
House -
Off Market
601 Neptune Avenue
Encinitas, CA 92024
4 Beds
4 Baths
3,168 Ft²
$15,468
Est. Monthly
About This Property
Beautifully renovated property with additional rental potential on
one of the best streets in Encinitas. Offering spacious wood
beam vaulted ceilings, LVP (luxury Vinyl plank) flooring, and
tranquil views. Unbeatable location only a short distance from both
Beacons State Beach access and Stonesteps Beach access. The
property is fully fenced for maximum privacy and has lush, mature
landscaping. Situated near the newly revitalized Leucadia 101
Streetscape/Corridor with numerous eclectic shops, boutiques, and
great restaurants and entertainment. Property would work well for
vacation rentals.
Unit Size
3,168 Ft²
Days on Market
71 days
Land Size
0.20 acres
Price per sqft
$994
Property Type
House
Property Taxes
-
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-
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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: 12 months ago (SDMLS #NDP2405051)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 20, 2024 | Sold | ||
| Sold | |||
| Aug 12, 2024 | In contract | - | |
| In contract | |||
| May 15, 2024 | Listed by Coldwell Banker Realty | $3,150,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
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Beautifully renovated property with additional rental potential on one of the best streets in Encinitas. Offering spacious wood beam vaulted ceilings, LVP (luxury Vinyl plank) flooring, and tranquil views. Unbeatable location only a short distance from both Beacons State Beach access and Stonesteps Beach access. The property is fully fenced for maximum privacy and has lush, mature landscaping. Situated near the newly revitalized Leucadia 101 Streetscape/Corridor with numerous eclectic shops, boutiques, and great restaurants and entertainment. Property would work well for vacation rentals.
| |||
Property Highlights
Garage
Fireplace
With View
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: Kyle Murphy, Coldwell Banker Realty
Last Updated: 12 months ago
Data Source: CRMLS, MLS# NDP2405051
Last Updated: 12 months ago
Data Source: CRMLS, MLS# NDP2405051
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