2038 Avenue Of The Trees

2038 Avenue Of The Trees

D

Carlsbad, CA 92008

$1,344,000

Soft Appraisal Value: $1,319,800 · 1.8% above estimate

Beds

3

Baths

2

Sqft

1,692

Year Built

1975

Days on Market

18

Property Type

Condo

HOA/mo

$425.7

MLS ID

260005367SD

Description

Nestled in a private, end-unit location in the highly sought-after Avenue of the Trees community. Surrounded by lush greenbelt & open space, the home lives like a single-level, with both primary & secondary bedrooms situated on the main floor. The upstairs loft with a WIC is an optional 3rd bedroom. The expansive living room showcases soaring vaulted ceilings, a cozy fireplace, abundant natural light, & seamless access to the patio. The updated interior features wide-plank luxury vinyl flooring, quartz countertops, stainless steel appliances, & modern lighting. The spacious primary suite includes a double vanity ensuite bath. Outdoors, enjoy a wraparound Trex deck enveloped by mature landscaping & peaceful nature views. With multiple seating areas across upper & lower deck spaces, plus a pre-plumbed gas line for a future firepit.. Additional upgrades include a powder-coated aluminum privacy fence and a recently updated roof with new underlayment & tiles. The owned solar system consistently offsets annual electricity costs & a recently installed high-efficiency Mitsubishi ducted heat pump system providing 3-zone heating & air conditioning. The full two-car garage offers ample storage, including overhead truss space, plus an additional dedicated parking space in front of the home. Residents enjoy HOA amenities including a pool, spa, & tennis courts, with a convenient walking path directly from the backyard to these features. Located West of El Camino Real, 1.5 miles from the beach, & quick access to Highways 78 and 5. Won't last.

Mortgage Calculator

Est. Monthly Payment

$8,958

Principal & Interest$6,796
Property Tax$1,344
Insurance$392
HOA$426
%($268,800)
%

Investment Score

1D
Est. Monthly Rent
$4,645
Monthly Cashflow

Rent − PITI − HOA

$-4,313
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,501

Mortgage (P+I)
$6,796
Cap Rate
0.26%
Cash-on-Cash
-29.02%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.52
Break-even Rent
$13,088

NOI (Annual)
$3,539
Price-to-Rent

Lower = better for investors

24.1

* 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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