1351 Forest Avenue

1351 Forest Avenue

D

Carlsbad, CA 92008

$1,995,000
NEW — 3d on market

Beds

3

Baths

3

Sqft

2,373

Year Built

1988

Days on Market

3

Property Type

Single Family

HOA/mo

N/A

MLS ID

SR26029355

View on MLS

Description

Ocean views and contemporary coastal elegance define this exceptional Olde Carlsbad home. Filled with natural light and showcasing quality craftsmanship throughout, the residence offers a modern open floor plan that captures ocean views from multiple vantage points, including the expansive wraparound deck—an ideal setting for relaxing or enjoying breathtaking sunsets over the Pacific. The freshly painted exterior enhances the home’s crisp coastal presentation, while beautifully upgraded bathrooms feature stylish finishes and thoughtful design, elevating both comfort and appeal. The spacious chef’s kitchen offers generous counter space, abundant cabinetry, built-in stainless steel appliances, and a Dacor professional-grade gas five-burner cooktop with a contemporary range hood—perfectly suited for everyday living and entertaining. The adjacent family room and dining area flow seamlessly to the ocean-view deck, creating effortless indoor-outdoor living. The formal living room exudes a distinctive mid-century feel, highlighted by beautiful hardwood floating shelves and double French doors that open onto a private patio—an inviting space for gatherings or quiet retreat. Upstairs, the light-filled primary suite enjoys coastal views and features French doors that open directly to the wraparound deck, along with ample closet space and a newly upgraded Master Suite bathroom with dual sinks, custom cabinetry, and a walk-in glass shower. On the lower level, two additional bedrooms share a beautifully upgraded, spa-inspired Jack-and-Jill bathroom with dual sinks, and a spacious walk-in glass shower with modern, elegant finishes. One bedroom opens out to the backyard via both French doors, and a sliding glass patio door. Additional highlights include Santos mahogany and travertine flooring, plantation shutters, a dedicated upstairs laundry room, generous storage throughout, a two-car garage, and ample parking for additional cars in the driveway. Situated on a quiet street on a 7,707-square-foot lot, the grassy backyard wraps around the home and provides multiple areas for outdoor enjoyment. Located within walking distance to Carlsbad Village, beaches, shops, dining, and local schools, this property offers the quintessential coastal lifestyle with no HOA or Mello-Roos.

Mortgage Calculator

Est. Monthly Payment

$12,665

Principal & Interest$10,088
Property Tax$1,995
Insurance$582
%($399,000)
%

Investment Score

0D
Est. Monthly Rent
$5,147
Monthly Cashflow

Rent − PITI − HOA

$-7,518
Full Cashflow

Incl. vacancy, PM, maint, capex

$-10,364

Mortgage (P+I)
$10,088
Cap Rate
-0.17%
Cash-on-Cash
-31.17%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.41
Break-even Rent
$18,607

NOI (Annual)
$-3,316
Price-to-Rent

Lower = better for investors

32.3

* 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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