935 Encinitas Blvd, Encinitas, California 92024, Encinitas, 92024 - 5 bed, 2 bath
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Encinitas, California 92024
This Multi-Unit Value-Add Asset is a High-Potential Investment Opportunity listed at $2,200,000, positioned accurately at its $2,154,554 Fair Market Value. Despite its Fixer Condition, the property offers significant upside through a rare 0.76-acre coastal lot and a three-unit configuration featuring a main house, ADU, and studio. Located west of I-5 within the San Dieguito Union district and near Pacific Trails Middle (10/10), the asset promises strong rental demand. This is a strategic play for Fix-and-Flip Investors or Contractors seeking forced appreciation.
Property is extensive renovation needed.
Built in 1940 and marketed as a 'fixer' sold 'as-is,' the property requires substantial rehabilitation. The kitchen is highly outdated with old white appliances, tile countertops, and worn cabinetry. Visual evidence shows significant deferred maintenance, cluttered living spaces, and aging exterior structures that necessitate a complete overhaul to meet modern safety and quality standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 33105, living area = 1709.
Elementary School: La Costa Heights Elementary School (9/10). Middle School: Pacific Trails Middle (10/10).
The property features a main house, a full ADU, and a bonus studio, offering a rare opportunity to generate three separate rental streams or accommodate multi-generational living in a high-demand area.
As a 1940s fixer-upper sold in as-is condition, the property requires substantial capital investment and a comprehensive overhaul to meet modern living standards and maximize its value.
With nearly 150 days on the market and a price reduction of approximately $800,000 from the original list price, the property may face challenges regarding buyer perception or underlying site complexities.
INCOME-PRODUCING FIXER WITH 2-3 UNIT POTENTIAL ON NEARLY ¾ ACRE IN ENCINITAS! The hardest part of real estate investing is finding the right property — this is it. Sitting on a generous 0.76-acre lot just west of the I-5, this unique offering includes a 3-bedroom, 1-bath main house, an ADU with full kitchen and bathroom, and a bonus studio space with shower — giving a savvy investor 2 to 3 rentable units from day one. Bring your contractor and your vision. The bones are there, the lot is there, and the Encinitas rental demand is absolutely there. Fix it up to your standard live in one rent the others or rent all units. Invest in one of San Diego County's most sought-after coastal communities — just 5 minutes to the beach, surrounded by shopping, dining, and recreation. Property sold AS-IS. Ideal for investor ready to capitalize on Encinitas' limited land inventory. Don't miss this rare chance in highly-coveted Encinitas!
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades 3-6 • 1.0 mi
Grades K-6 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 75% |
| Baths | 2.0 | 3.0 | 24% |
| Square foot | 1,709 | 2,358.5 | 22% |
| Lot Size | 33,105 | 7,284.5 | 92% |
| Price | $2.20M | $2.22M | 49% |
| Price per sq ft | $1.3K | $983 | 80% |
| Built year | 1940 | 1986 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 152 | 113 | 58% |
Apr 16, 2026
$2,200,000
$2,300,000
-4% Price Drop
Initial Listing
Mar 26, 2026
$2,300,000
$2,450,000
-6% Price Drop
Initial Listing
Feb 25, 2026
$2,450,000
$2,499,000
-2% Price Drop
Initial Listing
Feb 5, 2026
$2,499,000
$2,600,000
-4% Price Drop
Initial Listing
Jan 22, 2026
$2,600,000
$2,799,000
-7% Price Drop
Initial Listing
Jan 10, 2026
$2,799,000
$2,900,000
-3% Price Drop
Initial Listing
Dec 31, 2025
$2,900,000
$2,999,999
-3% Price Drop
Initial Listing
Nov 22, 2025
$2,999,999
Initial Listing
Nov 21, 2025
$2,999,000
Initial Listing