157 Horizon Lane
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157 Horizon Lane

B

Oceanside, CA 92056

$480,000
NEW — 2d

Soft Appraisal Value: $467,100 · 2.8% above estimate

Beds

2

Baths

2

Sqft

1,450

Year Built

1968

Days on Market

2

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

NDP2602302

This property is in Oceanside (92056). View neighborhood stats →

Virtual Tour

About This Property

Large Private Backyard! Fully remodeled manufactured home near Carlsbad beaches located in a desirable 55+ gated community just 4 miles from the coast. This hilltop property offers privacy, ocean breezes, and modern upgrades throughout, with no property taxes, no HOA fees, and low rent-controlled space rent of approximately $665/month. THIRTY SECONDS is all it takes for most buyers to decide if they like a home or not. This down-to-the-studs renovation completed in 2025 features an open floor plan with luxury vinyl plank flooring, new drywall, upgraded insulation, newer plumbing, electrical, roof, tankless water heater, A/C, and heat pump. The spacious living room includes plantation shutters throughout the home, a custom fireplace, wall with mounted 85” LG Smart TV and flows into a large dining area and fully upgraded kitchen. The gourmet kitchen includes quartz countertops, center island with seating, KitchenAid professional appliances, 5-burner gas cooktop, convection oven, dishwasher, refrigerator, custom cabinetry, pantry storage, and extended counter space for cooking and entertaining.. The primary suite features a large bedroom, mirrored wardrobe closet, and spa-style bathroom with dual sinks, custom vanity, shiplap accent wall, and oversized walk-in shower with marble seating and dual shower heads. The guest bedroom is spacious with mirrored closet doors, and the guest bathroom includes a tiled tub-shower combination. Additional features include Enclosed sunroom / bonus room (~120 sq ft), Trex front deck with hilltop views, Large private backyard with artificial turf and pavers, BBQ / outdoor dining area, Large storage shed / workshop, Professionally landscaped yard (over $35K in upgrades), 12-foot block wall for privacy, New Aluma wood carport with warranty, Peek-a-boo ocean view from living room, Only one neighboring home for added privacy. Located in a quiet, well-maintained 55+ gated community near Carlsbad, Encinitas, and North County San Diego shopping, dining, golf, and beaches, this home offers coastal living at an affordable price with modern upgrades already completed. Move-in ready and better than new — a rare opportunity for buyers seeking low-maintenance coastal living in San Diego County.

Mortgage Calculator

Est. Monthly Payment

$3,047

Principal & Interest$2,427
Property Tax$480
Insurance$140
%($96,000)
%

Location

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Investment Score

58B
Est. Monthly Rent
$2,412
Monthly Cashflow

Rent − PITIA

$-635
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,590

Mortgage (P+I)
$2,427
Cap Rate
2.09%
Cash-on-Cash
-19.87%
DSCR

Need ≥ 1.25 for DSCR loan

0.79
Break-even Rent
$4,477

NOI (Annual)
$10,047
Price-to-Rent

Lower = better for investors

16.6

* 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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