1202 Basswood Avenue

1202 Basswood Avenue

C

Carlsbad, CA 92008

$1,899,000

Beds

4

Baths

4

Sqft

3,088

Year Built

1998

Days on Market

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2606808

This property is in Carlsbad (92008). View neighborhood stats →

About This Property

Set on a fully fenced 1/3-acre parcel with access from both Basswood Ave & Pine Ave, this versatile Olde Carlsbad property creates endless possibilities for multi-generational living, rental income, or a flexible work-from-home lifestyle. There is a studio currently generating rental income with its own private fenced yard and separate parking spot. Perched high above the street, the main living area offers plenty of natural light, vaulted ceilings, seamless indoor-outdoor living with the game room opening to the patio, and a spacious primary suite with French doors leading to a private balcony. The tropical grounds showcase specimen palms, mature landscaping, custom wrought iron gates, designer lighting, and custom hardscape with fire pit—perfect for entertaining or relaxing year-round. The oversized two-car garage features elevated ceilings and abundant natural light, creating a versatile space that could be used for a workshop, beach toys, recreational vehicles, or future creative use. Take advantage of quick access to Carlsbad Village shops, restaurants and world-class beaches. Top-rated Carlsbad schools. No HOA.

Mortgage Calculator

Est. Monthly Payment

$12,055

Principal & Interest$9,602
Property Tax$1,899
Insurance$554
%($379,800)
%

Investment Score

7D
Est. Monthly Rent
$6,647
Monthly Cashflow

Rent − PITIA

$-5,408
Full Cashflow

Incl. vacancy, PM, maint, capex

$-8,520

Mortgage (P+I)
$9,602
Cap Rate
0.68%
Cash-on-Cash
-26.92%
DSCR

Need ≥ 1.25 for DSCR loan

0.55
Break-even Rent
$17,712

NOI (Annual)
$12,992
Price-to-Rent

Lower = better for investors

23.8

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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