631 3rd Street
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 |
|---|---|---|---|
| Jun 20, 2025 | Sold | ||
| Sold | |||
| Oct 8, 2024 | Relisted | $3,995,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Aug 1, 2024 | Listed by Pacific Sotheby's Int'l Realty | $3,995,000 | |
| Listed by Pacific Sotheby's Int'l Realty | |||
| Jul 22, 2024 | Listed | $4,950,000 | |
| Listed | |||
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Discover this remarkable mixed-use property, ideally situated just a block from the beach and two blocks from the charming downtown Encinitas. This modern architectural gem, built in 2005, offers an unparalleled location and a captivating design. Boasting vaulted and exposed wood and steel ceilings, the building combines contemporary elegance with a spacious, airy atmosphere. It includes three well-appointed office spaces, ideal for businesses seeking a prime location, and a beautifully designed two-bedroom plus den apartment that provides an opulent living space, perfect for those who want to enjoy the beach lifestyle. Expansive patios on both the 1st and 2nd floors maximize the property’s indoor/outdoor living atmosphere, offering the perfect setting for relaxation and entertainment. Built to the highest standards, this property ensures modern amenities and a stylish, durable design—a two-car garage with an additional carport and uncovered parking spaces. Just a block away from pristine beaches and a short two-block stroll to the heart of downtown Encinitas, with its vibrant dining, shopping, and entertainment options. Across the street, Pacific View Art Center opens in August 2024 and will house: Visual Arts, Literary Arts, Performing Arts, music, and much more, this unique property offers the best of coastal living and urban convenience.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017