$2,000,000
●
Land -
Off Market
735 Santa Fe Dr
Encinitas, CA 92024
Studio
0 Bath
$2,925,330
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model
About This Property
One of the few remaining sites available in Encinitas/Cardiff ready
for development. Current zoning is R8 which allows a minimum lot
size of 5,400 sq.ft. According to PLSA Engineering current zoning
layout is 5 lots, if density bonus is used site will allow 11-12
units. See photos for conceptual layouts. Utilities to site include
water, sewer, gas, and electric, cable, and telephone. Electric has
already been underground by the city of Encinitas near the north
east corner of property. See Supp Possible PRD (Planned Residential
Development) and density bonus project to gain the maximum number
of units. Seller is willing to give time to obtain tentative.
Existing single family dwelling is approximately 930 Sq.ft., built
in 1935 but value is in the land. Property on the boundary of
Encinitas and Cardiff future homes will be in the award winning
Cardiff Elementary school district. Neighborhoods: Cardiff
Other Fees: 0 Sewer: Sewer Available,Sewer Connected
Unit Size
-
Days on Market
875 days
Land Size
1.17 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1935
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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: 4 months ago (SDMLS #170038375)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 13, 2019 | Sold | ||
| Sold | |||
| Jul 21, 2017 | Listed by Coldwell Banker Realty | $2,000,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
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
Similar Homes for Sale
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Listed by: Kyle Murphy, Coldwell Banker Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 170038375
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 170038375
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