$1,695,000
●
Multifamily -
Off Market
744 Cornish Drive
Encinitas, CA 92024
5 Beds
4 Baths
2,352 Ft²
$3,012,986
RealtyHop Estimate
72.27%
Since May 1, 2016
National-US
Primary Model
About This Property
Encinitas Highlands' most sought after location! Top of the hill
unobstructable panoramic ocean views! Light & bright with spacious,
open great room floor plan, two ocean view decks, gourmet kitchen
w/ eating counter, 4 full baths with custom tile & travertine
floors, bamboo floors & more! Walk to 3 world class beaches,
charming downtown Enc. w/ Whole Foods, restaurants, La Paloma
Theater, Enc. Library, dog park, Farmer's Market, & train station!
The Prime Lifestyle location + charming custom home!
Neighborhoods: Encinitas Highlands Architectural Style:
Craftsman/Bungalow View: Craftsman/Bungalow Equipment:
Fire Sprinklers,Garage Door Opener, Range/Oven Other Fees: 0 Sewer:
Sewer Connected Topography: LL
Unit Size
2,352 Ft²
Days on Market
49 days
Land Size
-
Price per sqft
$744
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
2008
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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: 4 months ago (SDMLS #160011048)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 11, 2016 | Sold | ||
| Sold | |||
| Feb 22, 2016 | Listed by Pacific Sotheby's Int'l Realty | $1,749,000 | |
| Listed by Pacific Sotheby's Int'l Realty | |||
Property Highlights
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Driveway
Garage Spaces: 2
Open Parking Spaces: 2
Interior Details
Full Bathrooms: 4
Interior Features: See Remarks, BedroomOnMainLevel
Appliances: Dishwasher, Disposal, Gas Water Heater, Microwave, Refrigerator
Flooring Type: Carpet, Tile, Wood
Laundry Features: Gas Dryer Hookup, Laundry Room
Has Fireplace
Fireplace Features: Living Room
Exterior Details
Has Property Attached
Square Footage: 2352
Year Built: 2008
Levels: Three Or More
Construction Materials: Wood Siding
Patio and Porch Features: Deck
Pool Features: None
Lot Features: SprinklerSystem
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/22/2016
| |
5 Bed
|
4 Bath
|
2352 ft²
|
$1,749,000
5 Bed
4 Bath
2352 ft²
|
$1,695,000
-3.09%
04/11/2016
|
Polly Rogers
Pacific Sotheby's Int'l Realty
|
Building Info
About Encinitas
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Listed by: Polly Rogers, Pacific Sotheby's Int'l Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 160011048
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 160011048
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