
135 Redwood
Dbottom 20%Carlsbad, CA 92008Neighborhood: North Beach
65 licensed short-term rentals within ½ mile (65 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$35,739/mo full cashflow at 20% down, 7.36% rate.
Works at $973,496 (83% under asking); even all cash loses money at asking.
Rent $9,662/mo from 17 leases of houses within 2 mi, size-adjusted ($7,500–$10,228).
Beds
6
Baths
5.5
Sqft
4,409
Year Built
2002
Days on Market
230
Property Type
Single Family
HOA/mo
N/A
MLS ID
PW26066248
This property is in Carlsbad (92008). View neighborhood stats →
About This Property
Welcome to coastal luxury living at its finest in the heart of Carlsbad. This completely renovated and upgraded 6 bedroom, 6 bathroom estate spans approximately 4,400 square feet of thoughtfully designed living space, offering the perfect blend of elegance, comfort, and modern sophistication. With stunning ocean views and twenty yards from the beach, this home greets you with an abundance of natural light, soaring ceilings, and seamless indoor-outdoor flow.The open-concept floor plan, including ocean views inside and out with glass railings, features a chef’s kitchen equipped with Wolf and Sub-Zero appliances, custom cabinetry, and an oversized island that opens to expansive living and dining areas—ideal for both entertaining and everyday living. Perfect for large families or entertaining. Each bedroom is generously sized, with 2 en-suite bathrooms that have been beautifully updated. The primary suite serves as a private retreat, complete with breathtaking ocean vistas, a spa-inspired bathroom, and a spacious walk-in closet.Outdoor living includes a wrap-around deck, built in Wolf grilling station, outdoor shower, seven on-site parking spots along with a pristine spacious 3-car garage with wall to wall cabinets and overhead storage. In addition to Carlsbad being the #2 ranked public school system in the nation, #4 ranked beach in California and top 15 in the country to raise a family or retire, this exceptional home is walking distance from Michelin starred restaurants, shopping and nightlife, surfing, swimming, kayaking or fishing, and a short drive to LegoLand, world class golf, an airport a train station, offering the ultimate coastal lifestyle. Don’t miss the opportunity to own a turnkey ocean-view masterpiece in one of North County’s most sought-after communities.
Mortgage Calculator
Est. Monthly Payment
$38,470
Location
Loading map...
Zoned Schools
Elementary
Jefferson Elementary · grades K-5 · Carlsbad Unified
Middle
Valley Middle · grades 6-8 · Carlsbad Unified
High
Sage Creek High · grades 9-12 · Carlsbad Unified
or Carlsbad High · grades 9-12 · Carlsbad Unified
Choice area: the district lets families here pick either school.
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
4 comps foundThis Property
$9,662
Comp Average
$8,417
1603 Frazier Avenue
5bd / 4.5ba · 4,356 sqft · Single Family
$4.20M
Est. $8,992/mo
2057 Verne View
5bd / 4.5ba · 4,271 sqft · Single Family
$3.75M
Est. $7,986/mo
4702 Telescope Ave
5bd / 4.5ba · 5,492 sqft · Single Family
$4.75M
Est. $9,410/mo
2140 Janis Way
5bd / 3.5ba · 3,611 sqft · Single Family
$3.40M
Est. $7,279/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
17 leases of houses within 2 mi, size-adjusted · $7,500–$10,228
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$35,739/mo short at 20% down; +$46,414/mo rent closes it.
- Break-even price
- $973,496
- Break-even rent
- $56,076/mo
- Cashflow at 35% down
- −$29,894/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
83% under asking
$46,414/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% 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.
Open Full Calculator