12631 Paseo Del Verano
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12631 Paseo Del Verano #64

D

Rancho Bernardo, CA 92128

$625,000
NEW — 1d

Soft Appraisal Value: $615,300 · 1.6% above estimate

Beds

2

Baths

2

Sqft

1,431

Year Built

1973

Days on Market

1

Property Type

Condo

HOA/mo

$530

MLS ID

260010608SD

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

Virtual Tour

About This Property

Turnkey, light, bright gorgeous SINGLE LEVEL! NO STAIRS!! END UNIT! in Oaks North 55+. No unit above or below, no steps and a single common wall! Complete remodel in 7/2023 with new paint; LVP flooring; kitchen cabinets with quartz counter top, appliances: refrigerator, range, microwave, dishwasher; tiled shower and tub with sliding glass door; sinks & faucets; lightings; window coverings. Newer Central heating and air-condition, all dual pane windows and sliding glass doors. Inside closet with full size washer/dryer. 1 covered carport with storage room next to unit. See supplement Updates that were done: In 2023, a full remodel was done with new Heater and air condition; waterproof laminate flooring; interior paint; window treatments; recess lighting; tiled fireplace; bathrooms boast new vanities and countertops, sliding ,glass doors, bathtub and tiled shower floor with tile wall to the ceiling, exhaust fans with heat, new plumbing fixtures & faucets; Kitchen has a breakfast area, new cabinets with quartz countertops, stainless steel refrigerator, stove, above range microwave, dishwasher, faucet, stainless steel sink. Other recent updates include thermostat (2025), dual pane windows, sliding glass doors (2021). The spacious living area features vaulted ceiling and a full-dining space with lots of lights and a sliding door provide direct access to the covered extended patio with serene mountain views, greenery and hillside vistas. The oversized primary bedroom offers bright space with ample closet space and remodeled bathroom with separate vanity area that has dual sinks, step-in gorgeous shower with sliding glass door. Laundry closet is in the hallway with full-size, side-by-side washer & dryer. The covered carport is right outside the front door with a generous size private-use storage room. One can stay active with full access to Oaks North community center including lap pool, jacuzzi, saunas, fitness center, private library, game room, pickleball, tennis, lawn bowling and much more. Located minutes from Oaks North Golf Course, Rancho Bernardo Inn, Bernardo Winery, walking trails… You will love this home and location!

Mortgage Calculator

Est. Monthly Payment

$4,498

Principal & Interest$3,160
Property Tax$625
Insurance$182
HOA$530
%($125,000)
%

Location

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Investment Score

28D
Est. Monthly Rent
$2,860
Monthly Cashflow

Rent − PITIA

$-1,637
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,816

Mortgage (P+I)
$3,160
Cap Rate
0.66%
Cash-on-Cash
-27.03%
DSCR

Need ≥ 1.25 for DSCR loan

0.64
Break-even Rent
$6,517

NOI (Annual)
$4,132
Price-to-Rent

Lower = better for investors

18.2

* 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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