2308 Altisma Way 124

2308 Altisma Way 124

Ctop 80%

Carlsbad, CA 92009Neighborhood: Rancho La Costa

$675,000
STR closed · outside Carlsbad's Coastal Zone

0 licensed short-term rentals within ½ mile (0 whole home), from the cities' license and permit lists of Nov 3, 2026.

Pass at asking: -$3,114/mo full cashflow at 20% down, 7.49% rate.

Works at $271,274 (60% under asking), or at 87% down.

Rent $3,464/mo from 8 leases of 2-bed condos & townhomes within 0.5 mi ($3,202–$3,306).

Beds

2

Baths

2

Sqft

1,225

Year Built

1973

Days on Market

—

Property Type

Condo

HOA/mo

$575

MLS ID

NDP2609991

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

About This Property

First-floor end unit in La Costa View, a quiet Carlsbad community of just 60 homes. This 2-bedroom, 2-bath condominium has 1,225 square feet and one of the community’s less common floor plans, with a bonus room currently used as an office, with an attached bath. Its closet was removed; adding one could make it a third bedroom, with buyer to verify. Luxury vinyl plank flooring runs through the main living areas and bedrooms, and the windows are dual-pane. The living room centers on a gas fireplace, with floor-to-ceiling windows and sliding doors opening to a private balcony. The kitchen has granite counters and stainless steel appliances and opens to a dining area with its own wall of windows. Both bedrooms have access to a second covered balcony, and the primary suite adds a large walk-in closet and an ensuite bath. A stackable washer and dryer are in the unit and convey with the sale, along with the refrigerator. A reserved covered tandem carport fits two cars. Community amenities include a pool, spa, shared laundry, and tree-lined walkways, and HOA dues cover water, trash, sewer, grounds maintenance, and pest control. Located minutes from Carlsbad beaches, the Omni La Costa and Aviara resorts, golf, shopping, dining, and I-5.

Mortgage Calculator

Est. Monthly Payment

$5,219

Principal & Interest$3,772
Property Tax$675
Insurance$197
HOA$575
%($135,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    La Costa Meadows Elementary · grades K-5 · San Marcos Unified

  • Middle

    San Elijo Middle · grades 6-8 · San Marcos Unified

  • High

    San Marcos High · grades 9-12 · San Marcos Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Short-term not available here. Outside Carlsbad's Coastal Zone, where short-term rentals are not allowed. See the rules

Investment Score

34C
Est. Monthly Rent
$3,464

8 leases of 2-bed condos & townhomes within 0.5 mi · $3,202–$3,306

Blended 50/50 with the zip's market median ($3,682)

Monthly Cashflow

Rent − PITIA

-$1,755
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,114

What would make this work?

$3,114/mo short at 20% down; 87% down or +$4,045/mo rent closes it.

Break-even price

60% under asking

$271,274
Break-even rent

$4,045/mo above the estimate

$7,509/mo
Cashflow at 35% down
−$2,407/mo
Down payment to break even

$587,250 cash

87%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,772
Cap Rate
1.48%
Cash-on-Cash
-27.68%
DSCR

Need ≥ 1.25 for DSCR loan

0.66

NOI (Annual)
$9,972
Price-to-Rent

Lower = better for investors

16.2

* Modelled at 20% down, 7.49% 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−$3,114/mo