$2,150,000
●
House -
Off Market
721 Arden Drive
Encinitas, CA 92024
3 Beds
2 Baths
1,508 Ft²
$10,312
Est. Monthly
About This Property
NO MORE SHOWINGS OR OFFERS AT THIS TIME! LOCATION, LOCATION,
LOCATION! Never before on the market! You do not want to miss this
rare opportunity to remodel and make this home on this incredible
piece of property in the coveted Encinitas Highlands-YOUR VERY OWN!
This 3BR/2BA home is located west of the 5 fwy in the
quintessential California surf town of beautiful Encinitas. This
property sits on a spacious 9,600sqft lot with potential to add an
Accessory Dwelling Unit, build a pool or just turn this unique
space into your own private oasis. Potential ocean views with a
second story addition as well. This home is located just steps from
internationally known surf spots such as Swami's Beach and
Moonlight Beach and is just walking distance to the Encinitas skate
park & dog park, shopping, breweries, town library, coffee shops
and all downtown Encinitas has to offer! No HOA fees.
Unit Size
1,508 Ft²
Days on Market
36 days
Land Size
0.22 acres
Price per sqft
$1,393
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1956
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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 #NDP2308445)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 5, 2023 | Sold | ||
| Sold | |||
| Oct 30, 2023 | Listed by Coldwell Banker Realty | $2,100,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Garage
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
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Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Encinitas
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Listed by: Tiffany Weis, Coldwell Banker Realty
Last Updated: 12 months ago
Data Source: CRMLS, MLS# NDP2308445
Last Updated: 12 months ago
Data Source: CRMLS, MLS# NDP2308445
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