2351 Ocean St
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2351 Ocean St

Dbottom 20%

Carlsbad, CA 92008Neighborhood: Carlsbad Village

$3,099,000
NEW — 1d
STR: check · no permits in this complex · TOT 10%

31 licensed short-term rentals within ½ mile (31 whole home), from the cities' license and permit lists of Nov 13, 2026.

No unit in this 35-unit complex holds a short-term rental permit, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.

Pass at asking: -$20,472/mo full cashflow at 20% down, 7.36% rate.

Works at $420,112 (86% under asking); even all cash loses money at asking.

Rent $5,578/mo from 11 leases of 2–4 bed condos & townhomes within 1 mi ($4,721–$6,936).

Beds

3

Baths

2

Sqft

2,134

Year Built

2016

Days on Market

1

Property Type

Condo

HOA/mo

$1,084

MLS ID

260026896SD

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

About This Property

Experience elevated coastal living at 2351 Ocean Street, an exceptional top-floor residence within Summer House, an exclusive gated enclave in the heart of Carlsbad Village. Offered for the first time by its original owner, this beautifully upgraded home combines sophisticated interiors, effortless single-level living, captivating views of the Pacific Ocean, Buena Vista Lagoon, and surrounding mountains, and a remarkable sense of privacy and tranquility. Designed for both full-time living and an easy lock-and-leave coastal lifestyle, this turnkey three-bedroom, two-bath residence features an open, light-filled floor plan with thoughtfully selected finishes throughout. At the heart of the home, the chef’s kitchen is beautifully appointed with an oversized island, professional-grade appliances, abundant cabinetry, and elevated finishes, creating a natural gathering place for everyday living and entertaining. The primary suite is a private retreat where the Pacific Ocean becomes part of the everyday experience. Wake each morning and enjoy beautiful ocean views without ever leaving your bed, framed by expansive floor-to-ceiling glass doors that fill the room with natural light and open directly to the water-facing balcony. The suite is complemented by a beautifully remodeled, spa-inspired bath featuring a freestanding soaking tub, dual vanities, and a generous walk-in closet custom designed by California Closets. Floor-to-ceiling glass doors in both the living room and primary suite blur the line between indoors and out, opening to an expansive water-facing balcony that spans the width of the residence. Here, ocean breezes and sweeping sunset vistas provide an ever-changing backdrop from morning through sunset. A second private deck, accessible from both secondary bedrooms, overlooks the community pool and creates another inviting space to relax and unwind. One of the home's most compelling qualities is the rare balance between connection and retreat. Tucked within the privacy of a gated community, this top-floor residence enjoys a peaceful, quiet setting that feels removed from the energy just beyond its gates. Yet the beach and the restaurants, cafés, boutiques, and vibrant lifestyle of Carlsbad Village are all moments away. It is the best of both worlds: close to the action when you want it, with the privacy, peace, and solitude to truly unwind when you return home. Built in 2016, Summer House offers the rare combination of newer construction, gated privacy, resort-style amenities, and direct beach access. Residents enjoy a sparkling pool and spa, fire pit, fitness center, garage parking, and private storage. Beautifully maintained, extensively upgraded, and positioned to embrace the very best of the Southern California coastline, 2351 Ocean Street presents a rare opportunity to enjoy refined, low-maintenance coastal living—where ocean views, privacy, tranquility, the beach, and the best of Carlsbad Village come together in one exceptional setting.

Mortgage Calculator

Est. Monthly Payment

$22,185

Principal & Interest$17,098
Property Tax$3,099
Insurance$904
HOA$1,084
%($619,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Buena Vista Elementary · grades PK-5 · Carlsbad Unified

  • Middle

    Valley 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.

Comparable Properties

2 comps found

This Property

$5,578

vs

Comp Average

$5,830

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

0D
Est. Monthly Rent
$5,578

11 leases of 2–4 bed condos & townhomes within 1 mi · $4,721–$6,936

Blended 50/50 with the zip's market median ($5,288)

Monthly Cashflow

Rent − PITIA

-$16,607
Full Cashflow

Incl. vacancy, PM, maint, capex

-$20,472

What would make this work?

$20,472/mo short at 20% down; +$26,587/mo rent closes it.

Break-even price

86% under asking

$420,112
Break-even rent

$26,587/mo above the estimate

$32,165/mo
Cashflow at 35% down
−$17,266/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$17,098
Cap Rate
-1.20%
Cash-on-Cash
-39.64%
DSCR

Need ≥ 1.25 for DSCR loan

0.25

NOI (Annual)
-$37,146
Price-to-Rent

Lower = better for investors

46.3

* Modelled at 20% down, 7.36% 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.

Open Full Calculator
DCashflow−$20,472/mo