2038 Avenue Of The Trees
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2038 Avenue Of The Trees

D

Carlsbad, CA 92008

$1,299,000

Soft Appraisal Value: $1,280,100 · 1.5% above estimate

Beds

3

Baths

2

Sqft

1,692

Year Built

1975

Days on Market

63

Property Type

Condo

HOA/mo

$425.7

MLS ID

260005367SD

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

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About This Property

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

$8,672

Principal & Interest$6,568
Property Tax$1,299
Insurance$379
HOA$426
%($259,800)
%

Location

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Investment Score

3D
Est. Monthly Rent
$4,525
Monthly Cashflow

Rent − PITIA

$-4,147
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,270

Mortgage (P+I)
$6,568
Cap Rate
0.28%
Cash-on-Cash
-28.96%
DSCR

Need ≥ 1.25 for DSCR loan

0.52
Break-even Rent
$12,668

NOI (Annual)
$3,577
Price-to-Rent

Lower = better for investors

23.9

* 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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