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

250 258 Hillcrest Drive
Encinitas, California 92024
Property Price
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
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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 2.0 | 42% |
| Baths | - | 1.0 | 42% |
| Square foot | 5,104 | 2,175 | 92% |
| Lot Size | 10,099 | 8,272 | 83% |
| Price | $5.50M | $1.78M | 92% |
| Price per sq ft | $1.1K | $857 | 67% |
| Built year | 2026 | 1976 | 92% |
| HOA | $0 | $0 | 50% |
| Days on market | 52 | 154 | 17% |
Pricing History
Listed for Sale
Jan 14, 2026
$5,500,000
Initial Listing





















































