699 N Vulcan Ave Spc 133 · Encinitas, CA 92024

$99,900

2 bd · 2.0 ba · 810 sqft · SingleFamily · 39 Days on market

Built 1962 2,400 sqft lot ↓ 43% since listing

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +7.1/10.0
• Livability +4.0/5.0
• Rent growth +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Craftsman Bungalow Beach Home - 2 bed. 2 bath Highly upgraded with decks - lawn and fruit tree in front. Stone flooring in living room - granite counter tops in kitchen & bathrooms. Attention to every detail. 2 car parking, storage shed and fenced yard with lawn. Space rent $1150. includes water, trash & sewer. Restaurants and shopping nearby.

Key facts

• Two-car parking
• Double lot
• Covered patio

Tags

• DOUBLE LOT
• BONUS OFFICE ART YOGA SPACE
• COVERED PATIO
• PRIVATE YARDS
• TWO-CAR PARKING
• ATTACHED STORAGE SHED

Property features AI

Finance

• Other: Located in Riviera Mobile Home Park
• Financial info: Land lease amount: $2,950
• HOA & community: Land lease community (land lease amount applies)

Exterior

• Parking: Off-street parking; 2 uncovered parking spaces; Designated parking space
• Utilities: Public sewer
• Home design: Single-story property; Mobile home remains on site; Mobile home approximately 52' x 16'
• Construction: Estimated living area
• Exterior features: Covered patio; Patio; Community pool; Sprinklers in front; Landscaped yard; Garden; Front yard; Lawn; Yard; Corner lot; Lot is level/flat; Near public transit; Park nearby; Close to clubhouse; Street lighting; Storm drains; Has view; One shed on property

Interior

• Kitchen: Gas cooking; Gas range; Refrigerator; Dishwasher
• Bedrooms: Primary bedroom on main floor
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating
• Interior features: One-level home; Ground-level entry with steps; Formal entry; Foyer; Bonus room; Art studio; Family room; Primary suite with primary bathroom; Main floor bedroom(s)
• Laundry & utility: Community laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $2k ($30k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $100k).
• Recommended offer: $97k (3.0% below list) — sets the bar for market timing.
• Cap rate 36.2% vs local median 1.6% in Encinitas — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 79/100 on livability (#54 in CA, #2,026 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, amenities A+, commute A+; Watch: health & safety C-, cost of living F.
• San Dieguito Union High (urban): math 72% / reading 79% proficiency, ranked #56 of 1,400 in CA (top 4%) — strong family-tenant draw, lease renewals of 3-5y typical; only 8% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising fast (+5.4%/yr); 208 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 11,759 units permitted in San Diego County in 2024 (7,244 in 5+ unit buildings).
• This rent runs 31% of the median local income ($159k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• San Diego County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 5.4% rent growth), your $28k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 39 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 18y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $96,903 (3.0% below list)

Questions for the listing agent

1. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 4.03% ✓
• Cap rate: 36.25%
• Cash-on-cash: 106.99%
• DSCR: 5.76
• GRM: 2.1

CMA / ARV

• ARV (on-the-fly): $1,506,600
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
875 La Mirada Ave	0.69mi	2/1.0	726 (-10%)	5mo	$1,350,000	$1,860	42
775 La Mirada Ave	0.66mi	2/1.5	912 (+13%)	6mo	$1,300,000	$1,425	42

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 5.39% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 6.46×
• Total profit: $152,631
• Equity at exit: $14,895

10-year hold

• IRR: —
• Equity multiple: 14.60×
• Total profit: $380,445
• Equity at exit: $8,638

Cash invested: $27,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 92024

• Rents YoY: 5.4%
• Active inventory: 208
• Price-to-rent: 2.1×

Monthly cashflow live

• Estimated rent: $4,031 high
• Mortgage (P&I): −$524
• Tax est. 1.5%: −$125 /mo · $1,498/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$846
• Net cashflow: $2,494

Break-even live

Break-even rent $874

Max offer price $99,900

Occupancy floor 33%

Sensitivity live

Price	-10% $2,563	-5% $2,528	+0% $2,494	+5% $2,459	+10% $2,425
Rent	-10% $2,175	-5% $2,335	+0% $2,494	+5% $2,653	+10% $2,812
Rate	-1.0pp $2,544	-0.5pp $2,519	base $2,494	+0.5pp $2,468	+1.0pp $2,442

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
156 Leucadia Blvd Encinitas, CA	3.0	2.0	1100	$4,500	$4.09	2d	1	0.20mi
925 N Vulcan Ave Encinitas, CA	1.0	1.0	590	$2,872	$4.87	25d	2	0.25mi
1075 N Vulcan Ave Unit 05 Encinitas, CA	1.0	1.0	550	$2,471	$4.49	2d	1	0.44mi
120 Phoebe St Apt 7 Encinitas, CA	2.0	1.5	975	$3,800	$3.90	11d	1	0.59mi
120 Phoebe St Unit 02 Encinitas, CA	2.0	1.5	975	$3,800	$3.90	2d	1	0.59mi
123 W Jason St Unit C Encinitas, CA	2.0	1.0	900	$3,685	$4.09	15d	1	0.64mi
129 Jupiter St Encinitas, CA	2.0	1.0	950	$3,500	$3.68	11d	1	0.73mi
1403 Hermes Ave Unit A Encinitas, CA	2.0	1.0	890	$4,095	$4.60	13d	1	0.75mi
1403 Hermes Ave Apt D Encinitas, CA	2.0	1.0	890	$3,754	$4.22	2d	1	0.75mi
1435 N Vulcan Ave Apt 9 Encinitas, CA	1.0	1.0	750	$2,995	$3.99	8d	1	0.79mi
1457 N Vulcan Ave Unit 2 Encinitas, CA	2.0	1.0	1056	$3,995	$3.78	11d	1	0.80mi
1457 N Vulcan Ave Apt 7 Encinitas, CA	2.0	1.0	1056	$3,995	$3.78	2d	1	0.80mi
714 Passiflora Ave Unit 1 Encinitas, CA	1.0	1.0	1000	$4,000	$4.00	2d	1	0.98mi
137 Avocado St Unit 146 Encinitas, CA	2.0	1.5	1100	$4,995	$4.54	2d	1	0.98mi
250 Hillcrest Dr Encinitas, CA	2.0	2.0	1100	$5,995	$5.45	17d	1	1.01mi
110 Hillcrest Dr Encinitas, CA	2.0	1.0	800	$3,995	$4.99	2d	1	1.02mi
110 Hillcrest Dr Unit 09 Encinitas, CA	2.0	1.0	800	$3,995	$4.99	18d	1	1.02mi
256 Hillcrest Dr Encinitas, CA	2.0	2.0	1100	$5,750	$5.23	2d	1	1.04mi
283 Mangano Cir Unit 283 Encinitas, CA	2.0	2.0	900	$3,300	$3.67	5d	1	1.17mi
1103 Catania Ct Unit 104 Encinitas, CA	2.0	2.0	940	$5,500	$5.85	2d	1	1.22mi
1101 Catania Ct Unit 202 Encinitas, CA	2.0	2.0	1057	$5,400	$5.11	11d	1	1.24mi
1101 Catania Ct Unit 104 Encinitas, CA	2.0	2.0	940	$5,250	$5.59	2d	1	1.24mi
687 S Coast Highway 101 #302 Encinitas, CA	1.0	1.0	956	$5,500	$5.75	2d	1	1.30mi
810 3rd St Encinitas, CA	1.0	1.0	650	$2,695	$4.15	2d	1	1.43mi
1967 N Vulcan Ave Encinitas, CA	1.0–2.0	1.0–2.0	931	$5,359	$5.76	0d	6	1.47mi
116 Quail Gardens Dr Encinitas, CA	1.0	1.0	540	$2,612	$4.84	2d	3	1.49mi

Listing history 44 events

1. 2026-06-21
   days on market $99,900 Active 39 DOM
2. 2026-06-18
   days on market $99,900 Active 36 DOM
3. 2026-06-17
   days on market $99,900 Active 35 DOM
4. 2026-06-16
   days on market $99,900 Active 34 DOM
5. 2026-06-15
   days on market $99,900 Active 33 DOM
6. 2026-06-13
   days on market $99,900 Active 31 DOM
7. 2026-06-13
   days on market $99,900 Active 30 DOM
8. 2026-06-09
   days on market $99,900 Active 27 DOM
9. 2026-06-08
   days on market $99,900 Active 26 DOM
10. 2026-06-07
    days on market $99,900 Active 25 DOM
11. 2026-06-04
    days on market $99,900 Active 22 DOM
12. 2026-06-03
    days on market $99,900 Active 21 DOM
13. 2026-06-02
    days on market $99,900 Active 20 DOM
14. 2026-06-01
    days on market $99,900 Active 19 DOM
15. 2026-05-31
    days on market $99,900 Active 18 DOM
16. 2026-05-13
    listed $99,900 Active
17. 2026-05-11
    historical
18. 2026-04-08
    price $190,000
19. 2025-11-04
    price $229,000
20. 2025-10-01
    price $249,000
21. 2025-08-17
    listed $279,000 Active
22. 2013-09-10
    soldstatus $90,000 357-char remark

    Show marketing remark (357 chars)

    Craftsman Bungalow Beach Home - 2 bed. 2 bath Highly upgraded with decks - lawn and fruit tree in front. Stone flooring in living room - granite counter tops in kitchen & bathrooms. Attention to every detail. 2 car parking, storage shed and fenced yard with lawn. Space rent $1150. includes water, trash & sewer. Restaurants and shopping nearby.

23. 2012-10-08
    listed $95,000 357-char remark

    Show marketing remark (357 chars)

    Craftsman Bungalow Beach Home - 2 bed. 2 bath Highly upgraded with decks - lawn and fruit tree in front. Stone flooring in living room - granite counter tops in kitchen & bathrooms. Attention to every detail. 2 car parking, storage shed and fenced yard with lawn. Space rent $1150. includes water, trash & sewer. Restaurants and shopping nearby.

24. 2012-07-23
    historical
25. 2012-07-23
    historical
26. 2012-05-25
    listed $159,950 Active
27. 2012-05-23
    listed $159,950
28. 2012-05-11
    historical
29. 2012-05-01
    historical
30. 2012-04-22
    price $165,950
31. 2012-03-27
    listed $169,950 Active
32. 2012-03-24
    listed $165,950
33. 2011-01-31
    historical
34. 2011-01-30
    historical
35. 2010-10-30
    listed $175,000 Active
36. 2010-10-30
    listed $175,000
37. 2009-02-02
    historical
38. 2009-02-02
    historical
39. 2008-11-02
    listed $175,000
40. 2008-11-02
    listed $175,000
41. 2008-11-01
    historical
42. 2008-11-01
    historical
43. 2008-07-27
    listed $175,000
44. 2008-07-27
    listed $175,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥84°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $48,368
• − Mortgage interest: −$5,596
• − Property taxes: −$1,498
• − Insurance: −$500
• − Repairs & maintenance: −$3,869
• − Management: −$3,869
• − Depreciation: −$2,906
• Taxable income: $30,129
• Est. tax owed @ 24.0%: −$7,231
• After-tax cash flow: $22,695/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: San Dieguito Union High
• NCES district ID: 0634380
• Math proficiency: 72% ▬ 0.00%
• Reading proficiency: 79% ▼ -1.00%
• Median HH income: $110,199
• Composite: 70.63/100
• National rank: #519
• State rank: #56 of 1400 in CA

Livability — Encinitas

• Score: 79/100
• State rank: #54
• US rank: #2026

Category grades

Amenities A+ Commute A+ Cost of living F Crime A- Employment A+ Housing C Health & safety C- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Encinitas, CA
• County: San Diego County · 3,178,799 people
• City population: 61,717
• Metro: San Diego-Chula Vista-Carlsbad, CA
• Population (ZIP): 50,617
• Household income: $158,507
• Rent vs Own: 32.6% rent · 67.4% own
• Severe rent burden: 1537.0

Population outlook (San Diego County) Hauer SSP2

• Today (2025): 3,678,185 people
• By 2030: 3,856,546 · +4.8%
• By 2040: 4,171,407 · +13.4%
• By 2050: 4,421,607 · +20.2%
• By 2075: 4,831,599 · +31.4%
• By 2100: 4,832,502 · +31.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Hispanic / Latino 14% Two or more races 11% Asian 5%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Italian 4% Romanian 3% Slovak 3%
• Foreign-born: 12% · Canada, China
• Languages at home: 84% English-only · Spanish 9% Other Indo-European 2% German/W. Germanic 1%

Political lean MEDSL · San Diego

• 2024 margin: D (+16.8) · D 56.9% · R 40.1% · Other 2.9%
• 2008→2024 swing: +6.6pp toward D · 2008: 10.2pp · 2024: 16.8pp
• All cycles: 2024: D+16.8 2020: D+22.8 2016: D+17.8 2012: D+5.1 2008: D+10.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -881.14%
• Current HPI: 461.5044
• Rent YoY: ▲ 5.39%
• Metro: San Diego-Chula Vista-Carlsbad, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

-42.9% since first listed

29 events — show timeline

• 2026-05-13 Listed $99,900 CRMLS
• 2026-05-11 Listing Removed — CRMLS
• 2026-04-08 Price Changed $190,000 CRMLS
• 2025-11-04 Price Changed $229,000 CRMLS
• 2025-10-01 Price Changed $249,000 CRMLS
• 2025-08-17 Listed $279,000 CRMLS
• 2013-09-10 Sold (MLS) $90,000 CRMLS
• 2012-10-08 Listed $95,000 CRMLS
• 2012-07-23 Listing Removed — SDMLS
• 2012-07-23 Listing Removed — CRMLS
• 2012-05-25 Listed $159,950 SDMLS
• 2012-05-23 Listed $159,950 CRMLS
• 2012-05-11 Listing Removed — CRMLS
• 2012-05-01 Listing Removed — SDMLS
• 2012-04-22 Price Changed $165,950 SDMLS
• 2012-03-27 Listed $169,950 SDMLS
• 2012-03-24 Listed $165,950 CRMLS
• 2011-01-31 Listing Removed — SDMLS
• 2011-01-30 Listing Removed — CRMLS
• 2010-10-30 Listed $175,000 SDMLS
• 2010-10-30 Listed $175,000 CRMLS
• 2009-02-02 Listing Removed — SDMLS
• 2009-02-02 Listing Removed — CRMLS
• 2008-11-02 Listed $175,000 SDMLS
• 2008-11-02 Listed $175,000 CRMLS
• 2008-11-01 Listing Removed — CRMLS
• 2008-11-01 Listing Removed — SDMLS
• 2008-07-27 Listed $175,000 CRMLS
• 2008-07-27 Listed $175,000 SDMLS