12027 Alta Carmel
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12027 Alta Carmel #238

B

Rancho Bernardo, CA 92128

$588,000
NEW — 1d

Beds

2

Baths

2

Sqft

1,036

Year Built

2006

Days on Market

1

Property Type

Condo

HOA/mo

$403

MLS ID

260013996SD

This property is in Rancho Bernardo (92128). View neighborhood stats →

About This Property

Don't miss the rare detached 13' x 11' storage unit—a highly desirable feature not found in other units in the community! This beautifully renovated upper-level home offers 2 bedrooms and 2 bathrooms with brand-new finishes throughout. Enjoy luxury vinyl plank flooring, quartz countertops, new cabinetry in the kitchen and both bathrooms, and elegant marble shower enclosures. The bright, open-concept floor plan showcases park-like views from the private balcony, living room, and primary bedroom. The kitchen features stainless-steel appliances and ample storage, while the spacious living room is highlighted by a granite-faced gas fireplace with a mantle, creating a warm and inviting gathering space. Both bedrooms offer large walk-in closets and en-suite bathrooms, providing comfort and privacy. Additional highlights include two assigned parking spaces, one of which is covered. Move-in ready and thoughtfully upgraded, this home combines style, functionality, and a unique storage advantage rarely available in the community.

Mortgage Calculator

Est. Monthly Payment

$4,136

Principal & Interest$2,973
Property Tax$588
Insurance$172
HOA$403
%($117,600)
%

Location

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Investment Score

34C
Est. Monthly Rent
$2,737
Monthly Cashflow

Rent − PITIA

$-1,399
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,519

Mortgage (P+I)
$2,973
Cap Rate
0.93%
Cash-on-Cash
-25.70%
DSCR

Need ≥ 1.25 for DSCR loan

0.66
Break-even Rent
$6,008

NOI (Annual)
$5,454
Price-to-Rent

Lower = better for investors

17.9

* 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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