240 Pacific

240 Pacific

Dbottom 20%

Carlsbad, CA 92008Neighborhood: Carlsbad Village

$2,995,000
NEW — 0d
STR-eligible · Carlsbad Coastal Zone · TOT 10%

28 licensed short-term rentals within ½ mile (28 whole home), from the cities' license and permit lists of Nov 13, 2026.

Pass at asking: -$17,902/mo full cashflow at 20% down, 7.36% rate.

Works at $652,643 (78% under asking); even all cash loses money at asking.

Rent $6,477/mo from 8 leases of 2–4 bed houses within 1 mi ($6,400–$7,289).

Beds

3

Baths

2

Sqft

2,402

Year Built

1962

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

PW26242586

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

About This Property

200 Yards to the Sand. Steps to the Village. Room to Live It All. Just 200 yards to the sand and an easy stroll to Carlsbad Village, this three-level beach home sits on a quiet stretch of Pacific Avenue in Carlsbad's coveted coastal zone. With 2,402 square feet, a two-car garage plus two more driveway spaces, and a top-level deck overlooking Buena Vista Lagoon, it gives you room to live it all, which is rare this close to the beach. The upstairs main living level is built for gathering. An open-concept kitchen features granite counters and GE Monogram stainless appliances. It flows into a large family room with open-beam ceilings, a gas fireplace, rich cherry wood floors and upgraded window treatments. A second bedroom is also on this level. The original third bedroom was opened up to create a generous dining area, and it can easily be converted back. The ground level offers a large bedroom suite with its own private entrance, an attached bathroom and a dedicated office area. This flexible layout works well for guests, a home office or extended stays. A large laundry room with direct access to the two-car garage makes coming home from the beach easy: rinse off, drop the boards and head upstairs. At the top, an open loft flows out to a view deck overlooking the lagoon, a perfect spot for morning coffee or sunset with the ocean breeze. Outside your door: North Beach and the seawall path for miles of walking, running and biking; State Street's restaurants, coffee shops and weekly farmers market; and the Carlsbad Village Coaster station for an easy trip to downtown San Diego. Assigned schools are in the Carlsbad Unified School District. Whether this becomes your full-time home, a second home or a coastal retreat, this is where the Carlsbad lifestyle starts. Zoned R-3

Mortgage Calculator

Est. Monthly Payment

$20,393

Principal & Interest$16,524
Property Tax$2,995
Insurance$874
%($599,000)
%
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.

Investment Score

0D
Est. Monthly Rent
$6,477

8 leases of 2–4 bed houses within 1 mi · $6,400–$7,289

Blended 50/50 with the zip's market median ($5,906)

Monthly Cashflow

Rent − PITIA

-$13,916
Full Cashflow

Incl. vacancy, PM, maint, capex

-$17,902

What would make this work?

$17,902/mo short at 20% down; +$23,249/mo rent closes it.

Break-even price

78% under asking

$652,643
Break-even rent

$23,249/mo above the estimate

$29,726/mo
Cashflow at 35% down
−$14,803/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)
$16,524
Cap Rate
-0.42%
Cash-on-Cash
-35.86%
DSCR

Need ≥ 1.25 for DSCR loan

0.32

NOI (Annual)
-$12,644
Price-to-Rent

Lower = better for investors

38.5

* 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.

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DCashflow−$17,902/mo