875 La Mirada Ave, Encinitas, California 92024, Encinitas, 92024 - 2 bed, 1 bath
ACTIVE$1,389,000
875 La Mirada Ave, Encinitas, California 92024
2Beds
1Bath
726Sqft
8,900Lot
Year Built
1947
Close
-
List price
$1.39M
Original List price
$1.39M
Price/Sqft
$1,913
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2511331
Home ConditionTear down
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 7% below the list price. We found 3 Cons,7 Pros. Rank: price - $1.39M(6th), sqft - 726(1th), beds - 2(6th), baths - 1(3th).
Come build your dream home in this desirable Leocadia community. This large lot gives you all the space needed for a new home, attached junior ADU and a detached ADU with room left for a yard. The property has an additional unit attached to the main dwelling which has two bedrooms/one bathroom and both units have been rentals for years. Collect rental income while waiting for permits from the City of Encinitas or live in one and rent out the other. Lots of potential with this property.
Nearby schools
6/10
Capri Elementary School
Public,•K-6•0.8mi
8/10
El Camino Creek Elementary School
Public,•K-6•1.9mi
7/10
Ocean Knoll Elementary School
Public,•K-6•1.9mi
8/10
Flora Vista Elementary School
Public,•K-6•2.1mi
7/10
Ada W. Harris Elementary School
Public,•3-6•2.5mi
9/10
La Costa Heights Elementary School
Public,•K-6•2.7mi
/10
Cardiff Elementary School
Public,•K-3•2.8mi
6/10
Park Dale Lane Elementary School
Public,•K-6•2.9mi
7/10
Oak Crest Middle School
Public,•7-8•1.9mi
8/10
Diegueno Middle School
Public,•7-8•2.7mi
10/10
Pacific Trails Middle
Public,•7-8•9.4mi
7/10
La Costa Canyon High School
Public,•9-12•3.3mi
Price History
Date
Event
Price
12/08/25
Listing
$1,389,000
Condition Rating
Tear down
Built in 1947, the property's description explicitly states 'Come build your dream home' and highlights the large lot's potential for a new home and ADUs, implying the existing structure is not the primary value. While some cosmetic updates like laminate flooring and white shaker cabinets are present in one unit, the overall condition, particularly the very dated second unit kitchen and the age of the home, suggests the property's value is based solely on the land and its redevelopment potential, aligning with the 'tear-down' criteria.
Pros & Cons
Pros
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 = 8900, living area = 726.
Great Schools: Elementary School: La Costa Heights Elementary School (9/10). Middle School: Pacific Trails Middle (10/10).
Significant Development Potential: The large 8900 sqft lot offers ample space for building a new primary residence, an attached junior ADU, and a detached ADU, providing substantial future value and customization opportunities.
Existing Rental Income: The property includes an additional attached unit (2 beds/1 bath) that has been a rental for years, offering immediate income potential while planning or awaiting development permits.
Desirable Coastal Location: Situated in the highly sought-after Leucadia community of Encinitas (92024), known for its vibrant lifestyle, beaches, and strong real estate market.
Flexible Investment Opportunity: The combination of existing rental income and extensive development potential makes this property attractive to investors, developers, or homeowners looking to maximize property use and equity.
Large Lot Size: An 8900 sqft lot is generous for the Encinitas area, providing the necessary footprint for ambitious new construction and multiple dwelling units.
Cons
Age & Condition of Existing Structure: Built in 1947, the current 726 sqft dwelling is likely outdated and may require significant investment for renovation or demolition to realize the property's full potential.
Permitting & Development Timeline: Realizing the full development potential (new home, ADUs) requires navigating the City of Encinitas permitting process, which can be time-consuming and add to the overall project timeline and cost.
Lack of Views: Despite being in a desirable coastal community, the property offers no significant views, which could be a detractor for some buyers seeking premium coastal amenities.