937 3rd Street, Encinitas, California 92024, Encinitas, 92024 - 4 bed, 2 bath
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Encinitas, California 92024
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.
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.
Middle School: Pacific Trails Middle (10/10).
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.
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.
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.
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.
Back on Market. Buyer couldn't perform. 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!
No exterior & parking available.
Grades K-3 • 1.3 mi
Grades K-6 • 1.3 mi
Grades K-6 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,772 | 2,073.5 | 33% |
| Lot Size | 5,221 | 6,800 | 25% |
| Price | $3.50M | $1.79M | 83% |
| Price per sq ft | $2.0K | $873 | 92% |
| Built year | 1950 | 1973 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 345 | 197 | 0% |
Nov 12, 2025
$3,499,995
$3,650,000
-4% Price Drop
Initial Listing
Oct 22, 2025
$3,650,000
Initial Listing
May 12, 2025
$3,750,000
Initial Listing