
1603 Frazier Avenue
Dbottom 20%Carlsbad, CA 92008Neighborhood: Olde Carlsbad
0 licensed short-term rentals within ½ mile (0 whole home), from the cities' license and permit lists of Nov 3, 2026.
Pass at asking: -$24,985/mo full cashflow at 20% down, 7.49% rate.
Works at $958,702 (77% under asking); even all cash loses money at asking.
Rent $9,604/mo from 9 leases of houses within 1 mi, size-adjusted ($7,500–$9,742).
Beds
5
Baths
4.5
Sqft
4,356
Year Built
2016
Days on Market
0
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2609854
This property is in Carlsbad (92008). View neighborhood stats →
About This Property
The crown jewel of the neighborhood. Set on a coveted corner parcel, 1603 Frazier combines timeless East Coast-inspired charm with sophisticated Southern California living. Finished in 2017 and extensively customized, this exceptionally private residence offers the craftsmanship and character of a custom home. Mature specimen trees, manicured landscaping, custom stonework and gates create an impressive arrival. Inside, natural light illuminates beautifully appointed interiors featuring wide-plank French oak flooring, extensive millwork, shiplap, crown molding, custom built-ins, designer lighting and striking steel-and-glass doors and windows, including a distinctive Dutch-style entry door. The kitchen and main living spaces open through expansive LaCantina doors to a spectacular outdoor retreat, while the adjoining dining area features a dramatic cathedral ceiling. The thoughtfully designed floor plan includes a main-level en suite bedroom, designer powder room and flexible poolside room ideal for an office, gym or retreat. Upstairs, the spacious primary suite features a luxurious bath with Carrara marble and an oversized glass-enclosed shower. Three additional bedrooms, including a private en suite, and a generous media lounge complete the upper level. Outdoors, a sparkling pool and spa with safety cover are complemented by a covered entertaining pavilion with a cathedral tongue-and-groove ceiling, fully equipped outdoor kitchen, fire table, heater, bistro lighting and multiple patios surrounded by lush landscaping. Additional highlights include a beautifully finished garage, custom mudroom, owned solar with Tesla battery storage, tankless water heaters, Lutron Caséta smart lighting, motorized shades, custom closets, FX Luminaire landscape lighting and Baldwin hardware. Limestone walkways, custom fencing and mature olive and fruit trees further distinguish the grounds. Just moments from the freeway, Carlsbad Village, beaches, dining, shopping and recreation, this exceptional residence offers remarkable privacy, extensive customization and effortless indoor-outdoor living in one of Carlsbad's most desirable coastal settings.
Mortgage Calculator
Est. Monthly Payment
$28,882
Location
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Zoned Schools
Elementary
Magnolia 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
5 comps foundThis Property
$9,604
Comp Average
$8,430
2057 Verne View
5bd / 4.5ba · 4,271 sqft · Single Family
$3.75M
Est. $7,986/mo
135 Redwood
6bd / 5.5ba · 4,409 sqft · Single Family
$5.65M
Est. $9,664/mo
1571 Oak Avenue
4bd / 5ba · 4,080 sqft · Single Family
$5.29M
Est. $8,511/mo
2140 Janis Way
5bd / 3.5ba · 3,611 sqft · Single Family
$3.40M
Est. $7,270/mo
3794 Highland
4bd / 4.5ba · 3,969 sqft · Single Family
$5.38M
Est. $8,721/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Short-term not available here. Outside Carlsbad's Coastal Zone, where short-term rentals are not allowed. See the rules
Investment Score
9 leases of houses within 1 mi, size-adjusted · $7,500–$9,742
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$24,985/mo short at 20% down; +$32,448/mo rent closes it.
- Break-even price
- $958,702
- Break-even rent
- $42,052/mo
- Cashflow at 35% down
- −$20,586/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
77% under asking
$32,448/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, 7.49% 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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