940 Gardena Rd
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 21, 2026 | Sold | ||
| Sold | |||
| May 6, 2026 | In contract | - | |
| In contract | |||
| Apr 23, 2026 | Listed by Compass | $1,699,000 | |
| Listed by Compass | |||
| | |||
|
CORNER LOT + OCEAN VIEWS + A/C + 1BD/1BA ON ENTRY LEVEL! Light, bright, and well-maintained 3 bedroom/3 FULL bath with an open floor plan, vaulted ceilings and natural light throughout. DUAL MASTERS on second level. The second-floor primary suite offers ocean views and a private deck, while the backyard is designed for easy indoor/outdoor living and entertaining (also with an ocean view!). Fully replumbed to PEX and copper (2019). Walking distance to Moonlight Beach, close to top rated schools, parks,, shopping and east freeway access. NO HOA OR MELLO! Easily one of the top locations in Encinitas!
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| Jan 9, 2019 | Sold | ||
| Sold | |||
| Oct 7, 2018 | Listed by Coldwell Banker Res. Brokerage | $949,000 | |
| Listed by Coldwell Banker Res. Brokerage | |||
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About Encinitas
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017