2003 Costa Del Mar Rd #678
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2003 Costa Del Mar Rd #678

Ctop 80%

Carlsbad, CA 92009Neighborhood: Rancho La Costa

$779,000
STR-eligible · La Costa Resort area · TOT 10%

23 licensed short-term rentals within ½ mile (23 whole home), from the cities' license and permit lists of Nov 11, 2026.

13 short-term rental permits on file in this 48-unit complex, so its HOA has allowed them. Confirm in the CC&Rs: an HOA can ban stays under 30 days (Civ. Code §4741).

The listing remarks say short-term rentals are allowed: “Stylishly updated 2 bedroom, 1.5 bath single-level residence is one of the few Carlsbad condos that allows short-term vacation rentals with no owner-occupanc…” That's the agent's claim, not the city’s rule.

Pass at asking: -$4,243/mo full cashflow at 20% down, 7.43% rate.

Works at $226,546 (71% under asking), or at 99% down.

Rent $2,957/mo from 15 leases of 2-bed condos & townhomes within 1 mi ($2,556–$2,839).

Beds

2

Baths

2

Sqft

791

Year Built

1970

Days on Market

232

Property Type

Condo

HOA/mo

$537

MLS ID

NDP2602751

This property is in Carlsbad (92009). View neighborhood stats →

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About This Property

Turnkey Resort Living Investment at Omni La Costa. Stylishly updated 2 bedroom, 1.5 bath single-level residence is one of the few Carlsbad condos that allows short-term vacation rentals with no owner-occupancy restrictions, making it ideal for investors, second-home buyers, or full-time residents who want resort-style living with income potential. The open-concept remodeled kitchen features white shaker cabinetry, white stone countertops, stainless steel appliances, and a bar-height peninsula that flows seamlessly into the living area. Custom cabinetry throughout, vaulted ceilings with recessed lighting, black granite bathroom countertops and ceiling fans. The primary bedroom opens through sliding glass doors to a private balcony with resort views. The unit is sold completely furnished and ready for guests to move-in — the seller's established property manager is available to continue managing the unit for a seamless transition. Secured parking with elevator access, secure building entry, and resident-only pool and BBQ area. Walk to the Omni La Costa Resort's championship golf courses — host of the NCAA Division I Golf Championships through 2028 — world-class spa, tennis and pickleball courts, fine dining, and shopping. Minutes to Carlsbad and Encinitas beaches and the I-5 corridor

Mortgage Calculator

Est. Monthly Payment

$5,871

Principal & Interest$4,328
Property Tax$779
Insurance$227
HOA$537
%($155,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Poinsettia Elementary · grades K-5 · Carlsbad Unified

  • Middle

    Aviara Oaks 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

11C
Est. Monthly Rent
$2,957

15 leases of 2-bed condos & townhomes within 1 mi · $2,556–$2,839

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$2,914
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,243

What would make this work?

$4,243/mo short at 20% down; 99% down or +$5,510/mo rent closes it.

Break-even price

71% under asking

$226,546
Break-even rent

$5,510/mo above the estimate

$8,467/mo
Cashflow at 35% down
−$3,432/mo
Down payment to break even

$771,210 cash

99%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,328
Cap Rate
0.36%
Cash-on-Cash
-32.68%
DSCR

Need ≥ 1.25 for DSCR loan

0.50

NOI (Annual)
$2,791
Price-to-Rent

Lower = better for investors

22.0

* Modelled at 20% down, 7.43% 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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CCashflow−$4,243/mo