273 Hillcrest Drive, Encinitas, California 92024, Encinitas, 92024 - 9 bed, 8 bath
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Encinitas, California 92024
Analysis of 273 Hillcrest Drive, Encinitas, California 92024 is currently available with a list price of $3,895,000. 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.
Built in 1984, this multi-unit compound is well-maintained but shows significant signs of age across its 40-year lifespan. While the listing notes that three units were remodeled within the last year, the images reveal a mix of conditions: kitchens feature older white appliances and dated cabinetry, and the exterior wood decking and stairs show wear. The property fits the 'fair' category as it is functional and maintained through regular upkeep, but the majority of the units and major systems likely require updates to meet modern standards, especially considering the utility configuration of only four gas meters for seven units.
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.
The property features seven distinct living units, including a main residence, guest units, and studios, providing unparalleled flexibility for multi-generational living or a high-yield rental portfolio.
Situated on a rare 0.4-acre flat lot west of Interstate 5 in the heart of Leucadia, this property offers a premium location with high demand and proximity to Encinitas' coastal amenities.
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.
With seven units but only four separate gas meters, the property presents complexities in utility management and billing for a multi-tenant or short-term rental operation.
Built in 1984, the high-density nature of the compound and the presence of several non-remodeled units may necessitate higher ongoing maintenance costs for aging systems and shared facilities.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 9.0 | 4.0 | 99% |
| Baths | 8.0 | 3.0 | 99% |
| Square foot | 3,600 | 2,362 | 81% |
| Lot Size | 17,424 | 7,269 | 81% |
| Price | $3.90M | $2.23M | 88% |
| Price per sq ft | $1.1K | $987 | 65% |
| Built year | 1984 | 1986 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 76 | 111 | 30% |
Mar 17, 2026
$3,895,000
$3,995,000
-3% Price Drop
Initial Listing
Feb 5, 2026
$3,995,000
Initial Listing
Nov 23, 2021
$2,500,000
Public Record