$1,600,000
●
House -
Off Market
697 Ocean View Avenue
Encinitas, CA 92024
3 Beds
2 Baths
1,670 Ft²
$7,857
Est. Monthly
About This Property
Rare opportunity west of I-5 in Leucadia! This half-acre property
offers exceptional potential and possibility in a prime location.
Create your ideal coastal compound, maximize income potential or
build your dream home by the beach. The light and bright
2/1, 1020 sq ft main residence is surrounded by a spacious deck and
inviting outdoor patio with built-in fireplace, perfect for
relaxing or entertaining. There are two detached secondary
units on the property including a 650 sqft 1/1 and a converted
garage used for storage. The property includes an abundance
of recently planted trees, solar, raised garden beds, avocado,
pomegranate and citrus trees. Located near the vibrant downtown
Leucadia corridor, walking distance to gorgeous beaches, the
Coaster, Farmers Market, Orpheus dog park and 1.5 miles to
Encinitas Ranch Golf Course. Excellent opportunity to
personalize this property to your taste. Property is being sold in
its current as-is condition and is priced accordingly.
Unit Size
1,670 Ft²
Days on Market
78 days
Land Size
0.51 acres
Price per sqft
$958
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1953
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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 months ago (SDMLS #NDP2606221)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 15, 2026 | Sold | ||
| Sold | |||
| Jul 30, 2026 | In contract | - | |
| In contract | |||
| Jul 22, 2026 | Relisted | $1,600,000 | |
| Relisted | |||
| Jul 17, 2026 | In contract | - | |
| In contract | |||
| Jul 10, 2026 | Price Decreased |
$1,600,000
↓ $300K
(15.8%) | |
| Price Decreased | |||
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Property Highlights
Fireplace
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: Kara Brem, Windermere Real Estate
Last Updated: 2 months ago
Data Source: CRMLS, MLS# NDP2606221
Last Updated: 2 months ago
Data Source: CRMLS, MLS# NDP2606221
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