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 11.4% above the median closed sale of $2,509,650. Price per sqft ($1,519) is a 18% discount to closed comps ($1,855). Closed comps sold at 106% 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 | 52 | 77 |
| 1815 Parliament Rd. | Encinitas | 1974 | 3 | 3 | 1,944 | 2,427 | $1,541 | $3.00M | 61 | 61 |
| 637 Sparta Drive | Encinitas | 1959 | 4 | 4 | 2,051 | 12,293 | $1,268 | $2.60M | 23 | 60 |
| 808 Palaro Drive | Encinitas | 1973 | 4 | 3 | 2,553 | 0 | $1,096 | $2.80M | 79 | 55 |
| 890 Passiflora Avenue | Encinitas | 1960 | 3 | 3 | 2,257 | 14,810 | $1,327 | $3.00M | 79 | 55 |
| Total: 5 · Average | 3.6 | 3.2 | 2,127 | 8,689.25 | $1,319 | $2.78M | 58.8 | |||
| Median | 2,051 | $2.80M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 765 2nd Street | Encinitas | 1928 | 08/28/2026 | 4 | 4 | 2,292 | 5,059 | $2.90M | $2.88M | $1,259 | 1.00 | 49 | 79 |
| 215 Vulcan Avenue | Encinitas | 1947 | 10/21/2026 | 3 | 3 | 1,975 | 19,166 | $3.00M | $2.85M | $1,443 | 0.95 | 111 | 70 |
| 636 Arden Drive | Encinitas | 1955 | 02/18/2026 | 4 | 3 | 1,411 | 9,583 | $2.30M | $2.46M | $1,743 | 1.07 | 27 | 60 |
| 932 Stratford Drive | Encinitas | 1955 | 06/10/2026 | 3 | 2 | 1,368 | 9,600 | $2.38M | $2.40M | $1,754 | 1.01 | 29 | 56 |
| 1040 San Dieguito Drive | Encinitas | 1950 | 07/08/2026 | 2 | 1 | 816 | 8,900 | $2.00M | $2.51M | $3,076 | 1.25 | 13 | 49 |
| Total: 5 · Average | 3.2 | 2.6 | 1,572.4 | 10,461.6 | $2.62M | $2.62M | $1,855 | — | 45.8 | ||||
| Median | 1,411 | $2.51M | $2.51M | ||||||||||
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.