12590 Carmel Creek Rd #2
Btop 30%Carmel Valley, CA 92130
One license per person in San Diego: whether you can hold it depends on you, not only the home.
11 licensed short-term rentals within ½ mile (4 whole home), from the cities' license and permit lists of Nov 8, 2026.
1 short-term rental license on file in this 72-unit complex, so its HOA has allowed them. Confirm in the CC&Rs: an HOA can ban stays under 30 days (Civ. Code §4741).
Pass at asking: -$2,984/mo full cashflow at 20% down, 7.43% rate.
Works at $286,416 (58% under asking), or at 84% down.
Rent $3,338/mo from 29 leases of 2-bed condos & townhomes within 0.5 mi, same school area ($3,029–$3,313).
Beds
2
Baths
2
Sqft
864
Year Built
1990
Days on Market
45
Property Type
Condo
HOA/mo
$370
MLS ID
NDP2608893
This property is in Carmel Valley (92130). View neighborhood stats →
About This Property
Ideally positioned in one of the best locations within the Del Mar Villas community, this sunny and bright upper-level two bed/2 bath residence enjoys lovely views overlooking the tennis courts and easy access to everything the community has to offer! Travertine flooring, plush carpet, granite countertops, stainless steel appliances, upgraded lighting and more! Just steps from the pool, spa, BBQ area & fitness center, this home offers the perfect blend of comfort and convenience. Assigned covered parking is conveniently located directly across from the unit with additional storage. Enjoy the best of Carmel Valley living, just minutes to the beach, One Paseo, Del Mar Highlands Town Center, exceptional dining and shopping, and many of San Diego’s prominent biotech and employment centers. An outstanding opportunity for a primary residence, second home or investment property in one of San Diego’s most desirable coastal communities.Come home TODAY!
Mortgage Calculator
Est. Monthly Payment
$4,992
Location
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Zoned Schools
Elementary
Carmel Del Mar Elementary · grades K-6 · Del Mar Union Elementary
Middle
Carmel Valley Middle · grades 7-8 · San Dieguito Union High
High
Torrey Pines High · grades 9-12 · San Dieguito Union High
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$3,338
Comp Average
$3,364
12580 Carmel Creek Road
2bd / 2ba · 950 sqft · Condo
$760K
Est. $3,508/mo
3606 Bernwood Pl
2bd / 2ba · 950 sqft · Condo
$770K
Est. $3,678/mo
3540 Caminito El Rincon
2bd / 2ba · 944 sqft · Condo
$749K
Est. $3,355/mo
12366 Carmel Country Road
1bd / 1ba · 855 sqft · Condo
$669K
Est. $2,898/mo
3537 Caminito El Rincon
2bd / 2ba · 944 sqft · Condo
$769K
Est. $3,380/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
29 leases of 2-bed condos & townhomes within 0.5 mi, same school area · $3,029–$3,313
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,984/mo short at 20% down; 84% down or +$3,876/mo rent closes it.
- Break-even price
- $286,416
- Break-even rent
- $7,214/mo
- Cashflow at 35% down
- −$2,281/mo
- Down payment to break even
- 84%
- Rate to break even
- Not reachable
58% under asking
$3,876/mo above the estimate
$567,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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