$1,985,000
●
Multifamily -
Off Market
889 91 Bracero Road
Encinitas, CA 92024
4 Beds
3 Baths
1,820 Ft²
$10,557
Est. Monthly
About This Property
Same owners since Bracero was a dirt road in 1979! Large 13,082 sq
ft lot; Keep the west half of this duplex and add on for a
potential ocean view. Both units have already gone through complete
remodels in recent years, so it is truly turnkey today with
flexibility for the future in this thriving part of Encinitas.
Encinitas duplex featuring two remodeled 2 bed / 2 bath units
with tenants in place and immediate income potential. Each unit
offers private outdoor space, including a spacious yard and a large
wrap around yard with attached workshop or storage, along with
private or off street parking and updated A/C systems. Prime
location just minutes to Moonlight Beach and Swami's Beach, with
easy access to downtown Encinitas, shopping, dining, and walkable
to schools including San Dieguito Academy and Ocean Knoll
Elementary School. Tenants in place with strong rental
history. Financials available upon request.
Unit Size
1,820 Ft²
Days on Market
60 days
Land Size
0.30 acres
Price per sqft
$1,181
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
-
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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 #NDP2603531)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 12, 2026 | Sold | ||
| Sold | |||
| May 19, 2026 | In contract | - | |
| In contract | |||
| Apr 13, 2026 | Listed by Stonesteps Realty | $2,150,000 | |
| Listed by Stonesteps Realty | |||
Property Highlights
Air Conditioning
Fireplace
Parking Details
Parking Features: Asphalt
Open Parking Spaces: 8
Interior Details
Full Bathrooms: 3
Appliances: Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator
Flooring Type: Tile, Vinyl
Laundry Features: Laundry Closet
Fireplace Features: None
Exterior Details
Has Property Attached
Square Footage: 1820
Square Footage Source: $0
Property Condition: Turnkey
Year Built Source: Assessor
Year Built: 1976
Levels: Multi/Split
Pool Features: None
Lot Features: TwoToFiveUnitsAcre, Yard
Lot Size Area: 13082
Lot Size Units: Square Feet
Lot Size Acres: 0.3003
Lot Size Square Feet: 13082
Lot Size Dimensions: 144'x91'
Utilities Details
Cooling Type: Central Air, Ductless
Sewer : Public Sewer
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 |
|---|---|---|---|---|---|---|---|
|
04/13/2026
| |
4 Bed
|
3 Bath
|
1820 ft²
|
$2,150,000
4 Bed
3 Bath
1820 ft²
|
$1,985,000
-7.67%
06/12/2026
|
Julie Hambarian
Stonesteps Realty
|
Building Info
About Encinitas
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Listed by: Julie Hambarian, Stonesteps Realty
Last Updated: 5 months ago
Data Source: CRMLS, MLS# NDP2603531
Last Updated: 5 months ago
Data Source: CRMLS, MLS# NDP2603531
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