935 Encinitas Blvd, Encinitas, California 92024, Encinitas, 92024 - 5 bed, 2 bath
ACTIVE$2,999,999
935 Encinitas Blvd, Encinitas, California 92024
5Beds
2Baths
1,709Sqft
33,105Lot
Year Built
1940
Close
-
List price
$3M
Original List price
$3M
Price/Sqft
$1,755
HOA
-
Days on market
-
Sold On
-
MLS number
250044520SD
Home ConditionTear down
Features
Patio
View-
About this home
We found 3 Cons,7 Pros. Rank: price - $3.00M(78th), sqft - 1709(19th), beds - 5(81th), baths - 2(27th).
RARE .76 ACRE REDEVELOPMENT OPPORTUNITY ON ENCINITAS BLVD! Prime location surrounded by mixed-use development—SFR, condos, apartments & retail. Existing 1940 home + ADU occupy this lot. THE VALUE IS IN THE LAND. R-1 zoning with Multi-Family land use designation allows 2+ units. Just west of the I5. 5 min to beaches, close proximity to recreation & shopping. Property sold AS-IS. Ideal for investor/builder ready to capitalize on Encinitas' limited land inventory. Don't miss this rare chance in highly-coveted Encinitas!
Nearby schools
7/10
Ocean Knoll Elementary School
Public,•K-6•0.4mi
7/10
Ada W. Harris Elementary School
Public,•3-6•1.0mi
8/10
Flora Vista Elementary School
Public,•K-6•1.3mi
/10
Cardiff Elementary School
Public,•K-3•1.5mi
6/10
Park Dale Lane Elementary School
Public,•K-6•1.7mi
8/10
El Camino Creek Elementary School
Public,•K-6•2.3mi
6/10
Capri Elementary School
Public,•K-6•2.3mi
9/10
La Costa Heights Elementary School
Public,•K-6•2.9mi
7/10
Oak Crest Middle School
Public,•7-8•0.3mi
8/10
Diegueno Middle School
Public,•7-8•1.9mi
10/10
Pacific Trails Middle
Public,•7-8•7.8mi
7/10
La Costa Canyon High School
Public,•9-12•3.1mi
Price History
Date
Event
Price
11/22/25
Price Change
$2,999,999
11/21/25
Listing
$2,999,000
Condition Rating
Tear down
The property was built in 1940, making it 84 years old. The listing explicitly states, 'THE VALUE IS IN THE LAND' and describes it as a 'REDEVELOPMENT OPPORTUNITY' for an 'investor/builder,' with the property being sold 'AS-IS.' The property analysis further confirms the existing structures are 'Obsolete Existing Structures' and 'likely tear-down candidates.' The absence of any interior images, particularly of the kitchen and bathrooms, strongly suggests these areas are not in a condition suitable for presentation or are in very poor shape. Based on these factors, the existing structures are clearly intended for demolition, aligning with the 'Tear-down' classification.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 33105, living area = 1709.
Great Schools: Elementary School: La Costa Heights Elementary School (9/10). Middle School: Pacific Trails Middle (10/10).
Significant Redevelopment Potential: A rare .76-acre lot with R-1 zoning and a Multi-Family land use designation, allowing for the development of 2+ units, making it an ideal opportunity for investors and builders.
Prime Encinitas Boulevard Location: Strategically located on Encinitas Blvd, a main thoroughfare, and surrounded by existing mixed-use developments, enhancing its commercial and residential appeal.
Highly Desirable & Scarce Market: Situated in the highly-coveted Encinitas market, known for its limited land inventory, which significantly increases the intrinsic value and future appreciation potential of this large parcel.
Excellent Lifestyle & Accessibility: Offers exceptional accessibility, being just west of the I-5, 5 minutes from pristine beaches, and in close proximity to a wealth of recreation and shopping options.
Access to Top-Tier Schools: Located within a short distance of several highly-rated public schools, including Pacific Trails Middle (rating 10) and La Costa Heights Elementary (rating 9), adding significant appeal for future residents.
Cons
Obsolete Existing Structures: The existing 1940 home and ADU are explicitly noted as having their 'value in the land,' indicating they are likely tear-down candidates that will incur demolition costs rather than contribute to property value.
"As-Is" Sale Condition: The property is sold 'AS-IS,' transferring all responsibility for potential repairs, upgrades, or demolition to the buyer, which may necessitate additional due diligence and unforeseen expenses.
Substantial Capital & Project Management Required: As a redevelopment opportunity, the project demands significant upfront capital investment for demolition, planning, and new construction, along with extensive project management from the buyer.