215 Lolita Street, Encinitas, CA 92024
215 Lolita Street, Encinitas, CA 92024
Property Description
Authentic coastal character, walk-to-beach location, and income from day one! 215-223 Lolita Street is the rare gem that captures the soul of old Encinitas. This five-unit coastal income property sits just three blocks, or 0.2 miles, from the sand of Moonlight Beach. Whether you're an investor seeking a turnkey opportunity or an owner-occupant craving the beach lifestyle, this one checks every box. The building consists of four cozy one-bedroom units and one charming studio with a loft, a versatile mix that appeals to a wide range of tenants and keeps vacancy low in this perpetually sought-after coastal market. The current ownership has invested heavily in the fundamentals. The entire property has been re-piped with hardline galvanized pipes, new roof vents installed, and every unit equipped with a new heater. A new commercial-grade water heater serves the building, and the studio features a fully remodeled bathroom giving the next owner true peace of mind. A comprehensive renovation in 2010 modernized the interiors throughout, including remodeled kitchens and bathrooms, upgraded plumbing and electrical, sound insulation between each unit, and beautiful bamboo flooring, all hallmarks of a well-loved, well-maintained property. Income properties just a short stroll to the sand in Encinitas are as coveted as they are scarce, don't let this one slip by!
Features & Amenities
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Encinitas · Single Family Residence
Listed 79.7% above the median closed sale of $1,555,000. Price per sqft ($1,519) is a 61% premium to closed comps ($942). Closed comps sold at 101% of list — strong seller's market. Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 1034 3rd Street | Encinitas | 1965 | 4 | 3 | 1,830 | 5,227 | $1,363 | $2.50M | 30 | 76 |
| 637 Sparta Drive | Encinitas | 1959 | 4 | 4 | 2,051 | 12,293 | $1,329 | $2.73M | 1 | 54 |
| 1638 Landquist Drive | Encinitas | 1987 | 4 | 3 | 2,106 | 7,180 | $760 | $1.60M | 55 | 54 |
| 1044 Arcadia Rd | Encinitas | 2015 | 4 | 3 | 2,012 | 9,300 | $1,290 | $2.60M | 39 | 52 |
| 1830 Eucalyptus Avenue | Encinitas | 1978 | 4 | 3 | 2,150 | 10,454 | $1,388 | $2.98M | 2 | 49 |
| Total: 5 · Average | 4.0 | 3.2 | 2,029.8 | 8,890.8 | $1,226 | $2.48M | 25.4 | |||
| Median | 2,051 | $2.60M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1510 Tennis Match | Encinitas | 1981 | 06/11/2026 | 4 | 3 | 1,929 | 4,356 | $1.56M | $1.53M | $796 | 0.98 | 34 | 79 |
| 765 2nd Street | Encinitas | 1928 | 08/28/2026 | 4 | 4 | 2,292 | 5,059 | $2.90M | $2.88M | $1,259 | 1.00 | 48 | 76 |
| 410 Pipes Lane | Encinitas | 2005 | 07/22/2026 | 4 | 3 | 1,720 | 2,415 | $1.77M | $1.75M | $1,017 | 0.99 | 84 | 71 |
| 1616 Clearwater Place | Encinitas | 1985 | 06/26/2026 | 4 | 3 | 1,967 | 6,050 | $1.45M | $1.55M | $791 | 1.07 | 30 | 65 |
| 209 Rodney | Encinitas | 1973 | 07/02/2026 | 4 | 2 | 1,830 | 6,200 | $1.55M | $1.55M | $846 | 1.00 | 25 | 64 |
| Total: 5 · Average | 4.0 | 3.0 | 1,947.6 | 4,816 | $1.85M | $1.85M | $941.8 | — | 44.2 | ||||
| Median | 1,929 | $1.55M | $1.55M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.