Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    658 Santa Fe Dr Encinitas, CA 92024

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,350,000

    Two townhomes side-by-side with investment and development potential near the beach.

    Lot size:
    0.22 Acres

    Property Features for 658 Santa Fe Dr

    General Information

    Lot size
    0.22 Acres

    Building Details

    Year built
    1989

    We can help!

    Listing Contact
    Liz Molina
    Liz Molina
    Source: Elliman

    Listing Agent: Liz Molina

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Encinitas Duplex with Ocean View

    This property features two townhomes situated side by side, presenting a unique opportunity for various uses. Each home offers approximately 2000 square feet of living space and includes 3 bedrooms and 2.5 bathrooms. The layout of each home is a mirror image of the other, with a reversed floor plan. Interior features include a fireplace in the living room, a kitchen, and a laundry area. Each unit also has an attached 2-car garage and a bonus room suitable for an art studio, office, or gaming area. The property includes a spacious fenced yard. The driveway can accommodate an additional 6 cars and/or RV/boat. The homes are joined only at the bonus room walls near the garage. The property offers a peek ocean view and is located within walking distance to the beach and local dining options. New roof, washer, dryers, and water heaters were installed in 2021. Investment options include condo mapping or a lot split, with the potential to sell each home individually. The City of Encinitas indicates ADU/JRADU is ok.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Encinitas
    County
    San Diego
    State
    California
    Longitude
    -117.2781768
    Latitude
    33.0364807

    Nearby Similar for Sale

    • $3,650,000
      1,772 SF

      Encinitas Duplex: Modern Coastal Charm

      Elegantly reimagined duplex in downtown Encinitas, near shops and the beach.
      937 3Rd St, Encinitas, CA 92024
      View Details
    • $1,129,000
      1,396 SF

      Secluded Encinitas Home with Upgrades

      Remodeled Encinitas home with resort-style amenities, close to everything.
      598 Summer View Cir, Encinitas, CA 92024
      View Details
    • $3,100,000

      Medical Office Building For Sale

      Medical office building near Scripps Encinitas Hospital and Medical Campus.
      303 Santa Fe Dr, Encinitas, CA 92024
      View Details
    • $3,995,000
      2,311 SF

      Encinitas Coastal Restaurant Investment

      Fully occupied restaurant property in iconic coastal location.
      916-918 North Coast Highway 101, Encinitas, CA 92024
      View Details
    • $1,225,000

      Encinitas Single-Story Home in Cul-de-Sac

      Upgraded single-story home in a quiet cul-de-sac, near beaches.
      265 Fraxinella St, Encinitas, CA 92024
      View Details
    • $170,000

      Riviera Mobile Home Park Unit

      Spacious one-bedroom unit in Leucadia's Riviera Mobile Home Park.
      699 N Vulcan Ave, Encinitas, CA 92024
      View Details
    • $325,000
      2,105 SF

      Leucadia Restaurant Opportunity For Sale

      Turn-key restaurant with FF&E, license, and affordable rent.
      696 N Coast Highway 101, Encinitas, CA 92024
      View Details
    • $1,775,000

      Duplex with Ocean Views

      Classic duplex on a quiet street with ocean views.
      943 Bracero Rd, Encinitas, CA 92024
      View Details
    • $3,995,000
      2,311 SF

      Encinitas Restaurant Investment Opportunity

      Fully occupied restaurant property with coastal location and long-term leases.
      916-918 Hwy N, Encinitas, CA
      View Details
    • $2,540,000
      2,809 SF

      Medical Office Condo For Sale

      Fully leased medical office condominium available for acquisition.
      781 Garden View Ct, Encinitas, CA 92024
      View Details
    • $3,200,000

      Encinitas Specialty Property For Sale

      Specialty property available in Encinitas, California.
      647 San Dieguito Dr, Encinitas, CA 92024
      View Details
    • $4,200,000
      2,680 SF

      Encinitas Medical Office Building

      Prime Medical Office, High Traffic Location
      303 Santa Fe Dr, Encinitas, CA 92024
      View Details

    FAQs

    What type of property is this?
    Duplex - Two townhomes side-by-side with investment and development potential near the beach.
    Where is this duplex located?
    The property is located at 658 Santa Fe Dr Encinitas, CA.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: - Rare opportunity: Own two side-by-side townhomes, live in one and lease the other.; - Investment potential: Condo map or lot split for individual sale.; - Each townhome: 3 bedrooms, 2.5 bathrooms, approximately 2000 sqft, and attached 2-car garage.
    (858) 583-9777
    Request Owner's contact information
    658 Santa Fe Dr Encinitas, CA 92024
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    658 Santa Fe Dr
    Encinitas, CA 92024
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    658 Santa Fe Dr Encinitas, CA 92024
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Liz Molina
    Liz Molina
    (858) 583-9777
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.