$1,548,000
●
House -
Off Market
715 Cornish Drive
Encinitas, CA 92024
4 Beds
3 Baths,
1
Half Bath
3,400 Ft²
$3,031,779
RealtyHop Estimate
51.97%
Since Feb 1, 2019
National-US
Primary Model
About This Property
Encinitas Highlands property for $1,995,000 with income potential!
Ideal for multigenerational households.Two homes in one lot, west
of I-5 in walking distance to the beach and downtown Encinitas! The
3bed/2.5ba two-story main house was custom built in 2003. The
1bed/1ba detached single-level accessory unit was built in 1954 and
can be a great source of income. Enjoy the spacious and peaceful
yard, or walk to renowned Swami's beach, restaurants, shops,
Farmer's Market & Coaster Station!Submit ALL offers. WHAT I
LOVE ABOUT THE HOME: It is in walking distance to Swami's and
Moonlight beaches, Coaster train station, restaurants, library,
bars, and yoga studios. The wrap-around porch, and its charming
architecture. Peaceful and spacious backyard with one bedroom/1
bath guesthouse that can generate significant monthly income..
Neighborhoods: Encinitas Highlands Equipment:
Range/Oven, Shed(s) Other Fees: 0 Sewer: Sewer
Connected Topography: LL Guest House Est. SQFT: 900
Unit Size
3,400 Ft²
Days on Market
225 days
Land Size
-
Price per sqft
$587
Property Type
House
Property Taxes
-
HOA Dues
-
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: 5 months ago (SDMLS #180029917)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 11, 2019 | Sold | ||
| Sold | |||
| May 31, 2018 | Listed by Bennion Deville Homes | $1,995,000 | |
| Listed by Bennion Deville Homes | |||
Property Highlights
Fireplace
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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Listed On
Listed On
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Sold On
HOA + Taxes
About Encinitas
Similar Homes for Sale
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Listed by: Maria Rubinstein, Bennion Deville Homes
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 180029917
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 180029917
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