250 258 Hillcrest Drive, Encinitas, California 92024, Encinitas, 92024 - bed, bath

250 258 Hillcrest Drive, Encinitas, California 92024 home-pic-0

250 258 Hillcrest Drive

Encinitas, California 92024

ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
5,104Sq Ft
10,099Lot Size

Property Price

LIST PRICE$5,500,000

SUMMARY

Analysis of 250 258 Hillcrest Drive, Encinitas, California 92024 is currently available with a list price of $5,500,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

This property is a brand-new five-unit complex completed in January 2026, consisting of both ground-up new construction and total remodels. It features high-end modern finishes, vaulted ceilings, new appliances, and updated systems throughout. As a turnkey 2026 build, it meets the highest quality standards with no deferred maintenance or physical depreciation.

PROSSTRENGTHS & OPPORTUNITIES

  • Prime Coastal Location

    Situated in the heart of Leucadia, the property offers unparalleled proximity to beaches, local boutiques, and dining, ensuring high tenant demand and long-term appreciation.

  • Turnkey New Construction

    Completed in 2026, this five-unit complex features a mix of ground-up construction and total remodels, providing modern amenities and eliminating the need for immediate capital expenditures.

  • Optimized Income Potential

    The property includes two units eligible for legal vacation rentals and separate utilities for all five units, offering a versatile and high-yield revenue stream for investors.

CONSRISKS & DEFICIENCIES

  • High Entry Price

    The $5.5 million list price represents a significant capital requirement, which may limit the pool of qualified buyers and impact initial cash-on-cash returns.

  • Management Intensity

    Operating a five-unit complex with a mix of short-term and long-term tenants requires more intensive property management and oversight compared to traditional multi-family assets.

About 250 258 Hillcrest Drive

Turnkey and brand new, this five-unit complex is located in the heart of Leucadia and construction was completed in January 2026. The complex includes two matching 2-bedroom, 2.5-bathroom units that were completely remodeled from the original structure. These homes feature large enclosed backyards, mature vegetation, and abundant natural light from the upstairs bedrooms. There are also two matching 2-bedroom, 2-bathroom units built as ground-up new construction. Each offers a private yard, tall vaulted ceilings, and upstairs patios. The final unit is a spacious 1-bedroom, 1-bathroom residence located on the ground level with no steps, providing easy access and the same high-quality amenities found in the other floor plans. All units have their own designated laundry, utilities, and parking. Income potential in this area is exceptional, with two of the units eligible for legal vacation rentals. Do not miss out on this rare gem so close to the beach, shops, fitness studios, and community centers which is desired by everyone in this amazing beach town.

Property Details

Public Facts

Property Type
Duplex
Year Built
2026
Lot Size
10,099 Sq. Ft.

Interior

Total Bedrooms
-
Total Bathrooms
-

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds-2.0
42%
Baths-1.0
42%
Square foot5,1042,175
92%
Lot Size10,0998,272
83%
Price$5.50M$1.78M
92%
Price per sq ft$1.1K$857
67%
Built year20261976
92%
HOA$0$0
50%
Days on market52154
17%

Pricing History

Listed for Sale

Jan 14, 2026

$5,500,000

Initial Listing

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