1644 Tamarack Ave

1644 Tamarack Ave

Ctop 80%

Carlsbad, CA 92008Neighborhood: Olde Carlsbad

$1,999,000
NEW — 1d
STR-eligible · Carlsbad Coastal Zone · TOT 10%

19 licensed short-term rentals within ½ mile (19 whole home), from the cities' license and permit lists of Nov 14, 2026.

Pass at asking: -$10,763/mo full cashflow at 20% down, 7.36% rate.

Works at $590,668 (70% under asking), or at 99% down.

Rent $5,862/mo from 10 leases of 3-bed houses within 2 mi ($5,441–$7,199).

Beds

3

Baths

3

Sqft

2,475

Year Built

1986

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

260027020SD

This property is in Carlsbad (92008). View neighborhood stats →

About This Property

Tucked away on an expansive lot in the heart of Olde Carlsbad, 1644 Tamarack Avenue offers a rare blend of privacy, distinctive architecture, and effortless coastal living. Perched above the street and framed by lush, mature trees, the home enjoys a serene setting just minutes from the beach and the vibrant restaurants, boutiques, cafes, and charm of Carlsbad Village. Inside, striking high wood ceilings create warmth, architectural drama, and an impressive sense of volume. The spacious living room is centered around a beautiful fireplace, with French doors opening to the backyard and creating a seamless connection to outdoor living. Sunlight pours into the kitchen through oversized windows, while a door opens to an intimate patio--perfect for morning coffee. The generous primary suite is a retreat unto itself, with a private balcony and expansive bath creating a peaceful escape. Two additional spacious bedrooms provide wonderful accommodations for family or guests, while a dedicated office nook with a built-in desk and bookshelves adds both function and character. Outside, the lush wraparound backyard is designed for Southern California living, with beautiful spaces for al fresco dining, lounging, entertaining, and evenings gathered around the outdoor fireplace. An outdoor shower is ideal for rinsing off sandy feet after the beach, while a two-car garage and space for RV parking add convenience and versatility. Serene and tucked away, yet moments from the coast and Carlsbad Village, this exceptional home captures the very best of Olde Carlsbad living.

Mortgage Calculator

Est. Monthly Payment

$13,611

Principal & Interest$11,029
Property Tax$1,999
Insurance$583
%($399,800)
%
Loan Term

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.

Investment Score

3C
Est. Monthly Rent
$5,862

10 leases of 3-bed houses within 2 mi · $5,441–$7,199

Blended 50/50 with the zip's market median ($5,914)

Monthly Cashflow

Rent − PITIA

-$7,749
Full Cashflow

Incl. vacancy, PM, maint, capex

-$10,763

What would make this work?

$10,763/mo short at 20% down; 99% down or +$13,978/mo rent closes it.

Break-even price

70% under asking

$590,668
Break-even rent

$13,978/mo above the estimate

$19,840/mo
Cashflow at 35% down
−$8,695/mo
Down payment to break even

$1,979,010 cash

99%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$11,029
Cap Rate
0.34%
Cash-on-Cash
-32.31%
DSCR

Need ≥ 1.25 for DSCR loan

0.43

NOI (Annual)
$6,708
Price-to-Rent

Lower = better for investors

28.4

* 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
CCashflow−$10,763/mo