935 Encinitas Blvd, Encinitas, California 92024, Encinitas, 92024 - 5 bed, 2 bath
935 Encinitas Blvd
Encinitas, California 92024
Property Price
SUMMARY
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
The property is explicitly marketed as a redevelopment opportunity where the primary value lies in the land rather than the structures. Built in 1940, the existing home and ADU show significant age-related wear, dated interiors from several decades ago, and no evidence of major renovations. The listing description states the property is sold 'as-is' for the purpose of capitalizing on land inventory, fitting the criteria for a tear-down.
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 = 33105, living area = 1709.
- Great Schools
Elementary School: La Costa Heights Elementary School (9/10). Middle School: Pacific Trails Middle (10/10).
- Significant Redevelopment Potential
The property features a rare 0.76-acre lot with a Multi-Family land use designation, offering a prime opportunity for builders to develop two or more units in a high-demand market.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The existing 1940s structures are sold in as-is condition with the primary value in the land, requiring the buyer to manage the costs and complexities of a complete teardown or major redevelopment.
- Market Stagnation
A history of multiple significant price reductions from the original $2.999M list price suggests initial overvaluation and may lead to buyer hesitation regarding the property's current market position.
About 935 Encinitas Blvd
RARE .76 ACRE REDEVELOPMENT OPPORTUNITY ON ENCINITAS BLVD! Prime location surrounded by mixed-use development—SFR, condos, apartments & retail. Existing 1940 home + ADU occupy this lot. THE VALUE IS IN THE LAND. R-1 zoning with Multi-Family land use designation allows 2+ units. Just west of the I5. 5 min to beaches, close proximity to recreation & shopping. Property sold AS-IS. Ideal for investor/builder ready to capitalize on Encinitas' limited land inventory. Don't miss this rare chance in highly-coveted Encinitas!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1940
- Lot Size
- 33,105 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Encinitas Unified Schools
Ocean Knoll Elementary School
Grades K-6 • 0.4 mi
Ada W. Harris Elementary School
Grades 3-6 • 1.0 mi
Flora Vista Elementary School
Grades K-6 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 77% |
| Baths | 2.0 | 3.0 | 27% |
| Square foot | 1,709 | 2,281.5 | 22% |
| Lot Size | 33,105 | 6,868 | 94% |
| Price | $2.45M | $2.12M | 61% |
| Price per sq ft | $1.4K | $965 | 87% |
| Built year | 1940 | 1985 | 2% |
| HOA | $0 | $11 | 50% |
| Days on market | 106 | 156 | 25% |
Pricing History
Listed for Sale
Feb 25, 2026
$2,450,000
$2,499,000
-2% Price Drop
Initial Listing
Price Change
Feb 5, 2026
$2,499,000
$2,600,000
-4% Price Drop
Initial Listing
Price Change
Jan 22, 2026
$2,600,000
$2,799,000
-7% Price Drop
Initial Listing
Price Change
Jan 10, 2026
$2,799,000
$2,900,000
-3% Price Drop
Initial Listing
Price Change
Dec 31, 2025
$2,900,000
$2,999,999
-3% Price Drop
Initial Listing
Price Change
Nov 22, 2025
$2,999,999
Initial Listing
Price Change
Nov 21, 2025
$2,999,000
Initial Listing