$1,500,000
●
House -
Off Market
890 Capri Rd
Encinitas, CA 92024
2 Beds
1 Bath
872 Ft²
$7,611
Est. Monthly
About This Property
**INVESTOR SPECIAL!** This is a paper sale opportunity** with
approved plans for a 5,000 sq ft dream home in one of Encinitas' most sought-after coastal neighborhoods. Located on a sprawling
0.34-acre corner lot at 890 Capri Rd, this property offers
exceptional potential for builders, developers, or visionaries
looking to create something extraordinary. Whether you run
with the seller's architectural plans or bring your own design,
this lot delivers rare possiblities. Zoned R-1 with generous
frontage, it's ideal for new construction, adding an ADU, or a
long-term hold. The site currently includes a charming 1936
2-bedroom, 1-bath home and detached garage-offering rental or
holding income while you prepare your build. Enjoy partial ocean
and hillside views, mature trees, and tranquil surroundings, just
minutes to the beach, top-rated schools, restaurants, and shops.
Don't miss this iNVESTOR SPECIAL-a unique chance to craft
something special in North County San Diego where space, location,
and upside are rarely available in one place.
Unit Size
872 Ft²
Days on Market
43 days
Land Size
0.34 acres
Price per sqft
$1,778
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1931
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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: 2 years ago (SDMLS #250030554SD)
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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About Encinitas
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Listed by: Clayton Connolly, eXp Realty of California, Inc.
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 250030554SD
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 250030554SD
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