937 3rd Street, Encinitas, California 92024, Encinitas, 92024 - 4 bed, 2 bath

937 3rd Street, Encinitas, California 92024 home-pic-0

937 3rd Street

Encinitas, California 92024

ACTIVE
CONDITION: EXCELLENT
4Beds
2Baths
1,772Sq Ft
5,221Lot Size

Property Price

LIST PRICE$3,499,995

SUMMARY

Analysis of 937 3rd Street, Encinitas, California 92024 is currently available with a list price of $3,499,995. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Although originally built in 1950, this duplex has been extensively and elegantly reimagined with high-end contemporary finishes. The property features modern kitchens and bathrooms, new air conditioning, in-unit laundry, and updated flooring, meeting current quality standards with no signs of deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    Middle School: Pacific Trails Middle (10/10).

  • Prime Coastal Location

    Situated in the heart of downtown Encinitas, this property offers unparalleled walkability to world-class beaches, luxury shopping, and vibrant dining, ensuring high tenant demand and long-term appreciation.

  • Significant Development Potential

    The 5,221 square foot lot includes conceptual plans for two additional units and four garages, providing a rare value-add opportunity to double the density and maximize future ROI.

CONSRISKS & DEFICIENCIES

  • High Price Per Square Foot

    Despite recent price reductions, the list price remains high relative to the current 1,772 square feet of living space, pricing in development potential that requires additional capital and permitting.

  • Limited Interior Scale

    With both units under 900 square feet and featuring only one bathroom each, the layout may limit appeal for larger families or high-end tenants seeking more spacious, multi-bath accommodations.

About 937 3rd Street

HUGE PRICE REDUCTION! Seller says sell it! 937 3rd Street is an elegantly reimagined duplex nestled in the heart of downtown Encinitas. This modern gem offers a unique blend of sophistication and coastal charm, making it an exceptional opportunity to own a long-term legacy property in one of San Diego's most coveted locations. Spanning a generous 1,772 square feet, this duplex comprises two distinct units. The upper unit, with its 876 square feet, features 2 well-appointed bedrooms a stylish bathroom and a spacious private patio with room for family and friends. The lower unit offers 896 square feet of living space, also encompassing 2 bedrooms, generous modern bathroom and an oversized patio spanning the entire width of the unit along with side yard. Both units are thoughtfully designed with contemporary finishes and conveniences, including air conditioning and in-unit washers and dryers. The property's total lot size of 5,221 square feet presents a wealth of potential. The seller has conceptual plans for an additional two units and four garages on the back portion of the lot, providing ample options for future development. Located just moments away from shops, dining, the beach, entertainment, and transportation, this duplex places the best of Encinitas at your doorstep. Whether you choose to continue its use as an Airbnb and long-term rental or explore new development possibilities, this property is a must-see. Don't miss out on this incredible opportunity to own a piece of coastal paradise. Schedule your viewing today!

Property Details

Public Facts

Property Type
Duplex
Year Built
1950
Lot Size
5,221 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Encinitas Unified Schools

Cardiff Elementary School

Grades K-3 • 1.3 mi

/10

Paul Ecke-Central Elementary School

Grades K-6 • 1.3 mi

7/10

Ocean Knoll Elementary School

Grades K-6 • 1.3 mi

7/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.02.0
58%
Baths2.01.0
58%
Square foot1,7722,073.5
33%
Lot Size5,2217,409.5
33%
Price$3.50M$1.78M
92%
Price per sq ft$2.0K$857
92%
Built year19501973
8%
HOA$0$0
50%
Days on market299163
0%

Pricing History

Listed for Sale

Nov 12, 2025

$3,499,995

$3,650,000

-4% Price Drop

Initial Listing

Price Change

Oct 22, 2025

$3,650,000

Initial Listing

Price Change

May 12, 2025

$3,750,000

Initial Listing

Browse Properties by State Browse housing market trends by state