
Encinitas, California 92024
Analysis of 387 1/2 Ocean View Avenue, Encinitas, California 92024 is currently available with a list price of $1,550,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1945, the property is explicitly marketed as 'not turnkey' and a candidate for a major architectural project. While the interior shows some cosmetic updates like newer flooring and paint, the kitchen and bathrooms feature dated oak cabinetry and fluorescent lighting consistent with a 30+ year old renovation. The listing emphasizes the 'dirt' and 'bones' as the primary value, indicating that systems and structure likely require a full rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16200, living area = 1356.
Middle School: Pacific Trails Middle (10/10).
Situated west of the I-5 in a highly coveted Encinitas pocket, this property offers a premier lifestyle opportunity within walking distance to local surf breaks and beaches.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =16200, other record lot size in square feet = 17700. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
The home is explicitly sold in non-turnkey condition, requiring a buyer with the budget and patience for a comprehensive remodel or a complete rebuild.
The lot's slope toward the I-5 freeway introduces potential noise concerns, which may impact the serenity of the outdoor living areas despite the open views.
West of the freeway in Encinitas, the day starts before the alarm. Wax up, walk to the break, beat the crowd home for coffee in the yard. This is the kind of pocket you do not stumble into by accident. The streets here have texture, the houses have history, and the lots got drawn up long before anyone started worrying about maximizing density. The home itself keeps things simple at 1,356 square feet across two bedrooms and two baths. Outside is where this property really shows its hand. Over 16,000 square feet of land west of the 5 is rare air, and the slope down toward the freeway gives you a sense of openness most lots around here will never have. Room for a garden, a board shed, a project truck, terraced decks that catch the afternoon light, or whatever the good life looks like from your driveway. The 2nd bedroom and bath have 2 access points: an exterior door and the garage. This one is not turnkey, and that is the point. You have a running head start with a home you can move into and have the opportunity to make this property your own over time. The bones, the location, and the dirt are the gift. The rest is yours to shape. Bring an architect, bring some patience, and build something worth keeping. Homes on lots like this trade hands once in a generation. Come walk it before someone else writes the next chapter.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 1.5 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 | 7% |
| Baths | 2.0 | 3.0 | 23% |
| Square foot | 1,356 | 2,454 | 8% |
| Lot Size | 16,200 | 7,870.5 | 79% |
| Price | $1.55M | $2.32M | 8% |
| Price per sq ft | $1.1K | $948 | 72% |
| Built year | 1945 | 1986 | 1% |
| HOA | $0 | $73 | 49% |
| Days on market | 4 | 120 | 8% |
Jun 2, 2026
$1,550,000
Initial Listing
Aug 18, 2020
$1,190,000
Public Record