2003 Costa Del Mar Road
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2003 Costa Del Mar Road #663

C

Carlsbad, CA 92009

$789,000
NEW — 0d

Soft Appraisal Value: $771,200 · 2.3% above estimate

Beds

1

Baths

1.5

Sqft

791

Year Built

1970

Days on Market

0

Property Type

Condo

HOA/mo

$537

MLS ID

NDP2606232

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

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About This Property

Turnkey Resort-Style Investment Opportunity at Omni La Costa. Welcome to La Costa Escape, a stylishly remodeled 1 bedroom, 1.5 bath single-level condo located in the Balboa Building adjacent to the prestigious Omni La Costa Resort & Spa. One of only three condo complexes east of El Camino Real that offers short-term vacation rentals with no owner-occupancy restrictions, this property is ideal for investors, second-home buyers, or full-time residents seeking resort living with income potential. The first-floor residence offers a bright, open-concept floor plan with sliding glass doors that open to a private patio with outdoor dining space. The remodeled kitchen is fully equipped and features stainless steel appliances, breakfast bar seating, and a seamless flow into the living area. The living room includes a queen sleeper sofa, Smart TV, and mini-split A/C, creating a comfortable setup for both owners and guests. The spacious bedroom features a king-size bed, Smart TV, and direct access to the en-suite bathroom with shower, large vanity, closet space, barn door privacy, and an in-unit washer/dryer combo (which is rare in-unit amenity in this building). A separate half bath off the kitchen adds convenience for guests. The unit is offered fully furnished and ready for immediate use, making this a true turnkey opportunity. Additional amenities include reserved underground garage parking with elevator access, secure building entry, community heated pool, BBQ area, high-speed internet, and access to nearby resort dining, shopping, spa services, and the beaches. Walk to Omni La Costa Resort’s championship golf courses, Bob’s Steak & Chop House, Bar Traza, and resort amenities. The Omni La Costa North Course is scheduled to host the NCAA Division I Men’s and Women’s Golf Championships through 2028, further enhancing the area’s profile as a premier golf and resort destination. Located minutes from Carlsbad and Encinitas beaches, South Ponto Beach, LEGOLAND, shopping, dining, and the I-5 corridor. Existing professional vacation rental management managed by Haustay is available for a seamless transition.

Mortgage Calculator

Est. Monthly Payment

$5,546

Principal & Interest$3,990
Property Tax$789
Insurance$230
HOA$537
%($157,800)
%

Location

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Investment Score

15D
Est. Monthly Rent
$3,117
Monthly Cashflow

Rent − PITIA

$-2,429
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,803

Mortgage (P+I)
$3,990
Cap Rate
0.28%
Cash-on-Cash
-28.92%
DSCR

Need ≥ 1.25 for DSCR loan

0.56
Break-even Rent
$8,056

NOI (Annual)
$2,239
Price-to-Rent

Lower = better for investors

21.1

* 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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