273 Hillcrest Drive, Encinitas, California 92024, Encinitas, 92024 - 9 bed, 8 bath
273 Hillcrest Drive
Encinitas, California 92024
Property Price
SUMMARY
Analysis of 273 Hillcrest Drive, Encinitas, California 92024 is currently available with a list price of $3,995,000. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1984, this 40-year-old property has some aging infrastructure, as noted in the property analysis. While three of the seven units have been remodeled in the past year, the extent of these 'modern touches' is unclear, and the condition of the remaining units and common areas is not detailed. Crucially, there are no interior images provided to assess the condition, style, and features of the kitchens and bathrooms, which are critical components for a higher score. The exterior images show a property that is maintained but exhibits signs of age and varying levels of upkeep across the compound, suggesting that while functional, some components are likely outdated and may require minor updates or repairs.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17424, living area = 3600.
- Exceptional Income & Living Versatility
A unique 7-unit 'family compound' offering flexible living arrangements for extended family or significant rental income potential (long-term/short-term) with separate gas meters.
- Prime Leucadia Location
Situated in the highly desirable Leucadia area of Encinitas, just west of I-5, providing excellent access to coastal amenities, beaches, and a vibrant community.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =17424, other record lot size in square feet = 17247. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3600, other record living area = 2648. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 9, other record bedroom count = 8.
- Aging Infrastructure (Partial)
Built in 1984, while some units are remodeled, other parts of the property may have original systems (e.g., plumbing, electrical, roof) that could require future capital expenditure.
- Management Complexity
The multi-unit nature, while a strength for income, implies increased management responsibilities, whether for family coordination or tenant oversight, which may not suit all buyers.
About 273 Hillcrest Drive
Discover an extraordinary opportunity in the heart of Leucadia — an idyllic family compound nestled on a sprawling .4-acre flat lot, perfectly situated just west of Interstate 5. This unique property offers over 3,600 square feet of versatile living space, ideal for creating cherished family memories and enjoying a serene lifestyle. The compound features a harmonious blend of private living quarters, including a spacious 2-bedroom, 2-bathroom residence, perfect for the main family home and two charming 2-bedroom, 1-bath units, ideal for extended family or guests. It also includes three cozy 1-bedroom, 1-bathroom units, offering private retreats and a quaint studio unit, perfect for additional guests or as a creative space. The property is complemented by an oversized two-car garage, a covered carport, and an onsite laundry facility, ensuring convenience and ample space for everyone. Enjoy the luxury of a private yard and generous storage areas amidst lush, mature landscaping that envelopes this uniquely designed compound. Connected to city sewer and equipped with four separate gas meters, this property is a blend of functionality and charm. Three of the units have been thoughtfully remodeled in the past year, adding modern touches to the classic appeal. With its potential for both long-term stability and short-term rental opportunities, Hillcrest is more than just a property. It's a canvas for your family's future. Come explore this rare gem and envision how it could become the perfect backdrop for your family's next chapter.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1984
- Lot Size
- 17,424 Sq. Ft.
Interior
- Total Bedrooms
- 9
- Total Bathrooms
- 8 (8 Full, 0 Half)
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 | 9.0 | 4.0 | 99% |
| Baths | 8.0 | 3.0 | 99% |
| Square foot | 3,600 | 2,317 | 83% |
| Lot Size | 17,424 | 6,868 | 81% |
| Price | $4.00M | $2.12M | 92% |
| Price per sq ft | $1.1K | $965 | 67% |
| Built year | 1984 | 1985 | 46% |
| HOA | $0 | $11 | 50% |
| Days on market | 30 | 156 | 7% |
Pricing History
Listed for Sale
Feb 5, 2026
$3,995,000
Initial Listing
Sold
Nov 23, 2021
$2,500,000
Public Record