135 4th Street, Encinitas, California 92024, Encinitas, 92024 - 2 bed, 1 bath
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Encinitas, California 92024
Analysis of 135 4th Street, Encinitas, California 92024 is currently available with a list price of $2,800,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Encinitas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property is a well-maintained 1949 beach bungalow that appears functional but is entirely outdated by modern standards. The kitchen features vintage cabinetry, older tile countertops, and dated appliances, while the living areas retain older wall-to-wall carpeting and original built-in storage. While the home is clean and shows evidence of regular upkeep, it lacks any recent renovations to its primary systems, fixtures, or finishes.
Middle School: Pacific Trails Middle (10/10).
Situated just 1.5 blocks from the iconic Moonlight Beach, this property offers an unparalleled lifestyle in the heart of one of Encinitas' most desirable beach neighborhoods.
The flat, usable 4,673 sqft lot with alley access and a detached garage provides a rare 'blank canvas' opportunity for a significant remodel or custom new build in a high-value area.
Built in 1949, the bungalow is positioned as a 'reimagining opportunity,' indicating that substantial capital investment is required to modernize the structure or rebuild entirely.
With only two bedrooms and a single bathroom across 1,132 square feet, the current footprint is small for the price point and may be too restrictive for modern buyer expectations.
Just 1.5 blocks from Moonlight Beach, this rare 1949 Encinitas 2-bedroom, 1-bath single-story beach bungalow presents exceptional reimagining opportunities. The property features a detached one-car garage with additional storage, conveniently accessed via the alley, along with an in-home laundry room. Set on a fully fenced lot, the home offers a spacious, flat, and usable yard. Perfectly situated in the heart of one of San Diego’s most sought-after beach neighborhoods, this location embodies the best of the Encinitas lifestyle. Enjoy easy access to local favorites—bike or stroll to craft coffee spots, days at the beach, Coastal Rail Trail excursions, and wind down with some of the area’s top coastal dining. End your evenings with a scoop from Cali Cream and unforgettable sunsets with your toes in the sand.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 1.6 mi
Grades 3-6 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 8% |
| Baths | 1.0 | 3.0 | 4% |
| Square foot | 1,132 | 2,355 | 6% |
| Lot Size | 4,673 | 7,223 | 27% |
| Price | $2.80M | $2.23M | 66% |
| Price per sq ft | $2.5K | $987 | 98% |
| Built year | 1949 | 1986 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 111 | 8% |
Mar 27, 2026
$2,800,000
Initial Listing