534 Ocean View Avenue, Encinitas, California 92024, Encinitas, 92024 - 3 bed, 2 bath
Loading property details...
534 Ocean View Avenue
Encinitas, California 92024
ACTIVE
CONDITION: TEAR DOWN
3Beds
2Baths
1,352Sq Ft
32,200Lot Size
Property Price
LIST PRICE$4,995,000
SUMMARY
Analysis of 534 Ocean View Avenue, Encinitas, California 92024 is currently available with a list price of $4,995,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
The property was built in 1958 (68 years old) with no evidence of major renovations. While the listing mentions rental potential, it is primarily marketed for its land value and approved 2-lot subdivision, fitting the criteria for a structure over 50 years old where the value lies in the land.
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 = 32200, living area = 1352.
- Development Potential
The property is a rare infill site with an approved 2-lot subdivision and Final Map in process, offering significant investment upside for a luxury estate or development.
- Exceptional Lot Size
Spanning approximately 0.74 acres on the west side of Ocean View Avenue, this is one of the last remaining large parcels in the highly sought-after coastal Leucadia area.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 1.
- Dated Infrastructure
The existing 1,352 sqft home, built in 1958, is modest in size and age relative to the $4.995M price point, likely requiring a full renovation or teardown.
- Development Lead Time
With grading approval not anticipated until Q4 2026, buyers face a significant holding period and entitlement timeline before major construction can commence.
About 534 Ocean View Avenue
Situated on the highly sought-after west side of Ocean View Avenue in the heart of coastal Leucadia, 534 Ocean View Avenue presents a rare opportunity to own one of the area's last large infill properties. Set on approximately 0.74 acres, the property features an existing 3-bedroom, 2-bath home with ocean views, offering immediate enjoyment, rental income, or renovation potential while preserving significant future upside. The site is approved for a 2-lot subdivision with the Final Map in process and grading approval anticipated in Q4 2026, creating a unique opportunity for a luxury estate, family compound, or future development. Just minutes from beaches, Highway 101, restaurants, shopping, and top-rated schools, properties of this size, location, and entitlement status are rarely available in Leucadia.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1958
- Lot Size
- 32,200 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,352 | 2,143.841 |
| Lot Size | 32,200 | 9,012.978 |
| Price | $5.00M | $2.49M |
| Price per sq ft | $3.7K | $988 |
| Built year | 1958 | 1985 |
| HOA | $0 | $189 |
| Days on market | 40 | 41 |
Pricing History
Listed for Sale
Jul 31, 2026
$4,995,000
Initial Listing
Sold
Dec 29, 2022
$2,400,000
Public Record