187 Cherry Ave

187 Cherry Ave

D

Carlsbad, CA 92008

$7,788,000

Beds

4

Baths

5

Sqft

5,280

Year Built

2021

Days on Market

19

Property Type

Townhouse

HOA/mo

$543

MLS ID

260002399SD

Description

Step into a world of coastal sophistication with this jaw-dropping Carlsbad sanctuary, just moments from the sand and surf. Built in 2021, this expansive 5,100-plus square-foot masterpiece redefines beachside living with three spacious bedrooms and four luxurious bathrooms designed for modern comfort and effortless entertaining. Cook like a pro in the stunning chef’s kitchen, outfitted with top-of-the-line Wolf and Sub-Zero appliances and sleek custom cabinetry that perfectly blends style and function. The soaring great room, anchored by a towering 15-foot fireplace, flows effortlessly through massive bi-fold doors onto a private balcony—where ocean breezes and breathtaking views create a daily escape. The primary suite is pure indulgence, featuring its own cozy fireplace and panoramic ocean views that will take your breath away every morning. With smart home wiring, an elevator for easy access, built-in speakers to set the mood, and a two-car garage plus additional parking, this home has all the thoughtful extras you crave. Top it off with a private rooftop deck made for sunset cocktails, stargazing, or simply soaking in those iconic coastal vibes. This is a rare opportunity to own one of Carlsbad’s finest beach-area homes. It is crafted with passion, designed for comfort, and built to last for generations.

Mortgage Calculator

Est. Monthly Payment

$49,983

Principal & Interest$39,380
Property Tax$7,788
Insurance$2,271
HOA$543
%($1,557,600)
%

Comparable Properties

2 comps found

This Property

$4,690

vs

Comp Average

$5,890

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

0D
Est. Monthly Rent

HUD Fair Market Rent

$4,690
Monthly Cashflow
$-52,861

Mortgage (P+I)
$39,380
Cap Rate
-2.08%
Cash-on-Cash
-40.73%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.12
Break-even Rent
$57,176

NOI (Annual)
$-161,768
Price-to-Rent

Lower = better for investors

138.4

* Defaults: 20% down, 6.5% rate, 30yr.

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