2431 La Costa Avenue #B
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2431 La Costa Avenue #B

Ctop 80%

Carlsbad, CA 92009Neighborhood: Rancho La Costa

$799,000
STR closed · outside Carlsbad's Coastal Zone

22 licensed short-term rentals within ½ mile (22 whole home), from the cities' license and permit lists of Nov 9, 2026.

Pass at asking: -$3,818/mo full cashflow at 20% down, 7.43% rate.

Works at $301,920 (62% under asking), or at 89% down.

Rent $3,853/mo from 8 leases of 2-bed condos & townhomes within 1 mi, same school area ($3,435–$4,403).

Beds

2

Baths

2.5

Sqft

1,550

Year Built

1976

Days on Market

47

Property Type

Townhouse

HOA/mo

$648

MLS ID

260023383SD

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

Virtual Tour

About This Property

Huge Price Drop / Finely Remodeled / Premier Unit / Amazing Value - Views from every window from this light-filled, immaculate, high quality, spacious townhome. Noone above or below. A picturesque backdrop of green fairways, ponds and blue skies over The La Costa Resort & Spa greets you every day. (2) BR+ office (2.5 Bath). 1,550 s/f of open-concept living / dining area with a walk out front balcony with great views. The kitchen features solid wood cabinetry, granite counter tops and brand-new LG Thin-Q range/oven and stainless dishwasher. The kitchen leads to your own quiet and tranquil private rear patio suitable for outdoor dining, and entertaining with freshly installed high-grade turf. The back patio is framed with gorgeous palms, flowering trees and hummingbirds. Quite spacious primary suite that offers high ceilings and peak transom windows that reveal the stars at night. The adjacent sitting area is the ideal place to read a book or watch nature from a distance. Dual-sink quartz vanity top, artisan stone shower/bathtuband luxury fixtures. Solid hardwood, stone and tile throughout - no carpet! Both bedrooms have walk in closets. Additional built-in linen, storage cabinets, and closets throughout. Ground level office/flex room/wine cellar. Large laundry area with enormous countertop and stainless sink. Large Two-car private attached garage. Brand new HVAC in 2018, Hot H20 heater 2022. The home is lightly lived in, smoke & pet free since current owner. Community pool, spa, and grass park. Close to endless shopping options, restaurants, golf and beaches. HUGE PRICE DROP ON PREMIER UNIT - Seller will entertain offers between $749,000-$799,000 (and above). Enjoy premium views from every window and slider door from this light-filled, immaculate, high-quality, spacious townhome. A picturesque backdrop of green fairways, ponds and blue skies over the world famous La Costa Resort & Spa greets you and best unit positioning far back from La Costa Ave. It's extremely quiet! (2) BR + office and (2.5) BA,1,550 s/f of open-concept living / dining area with a walk out front balcony with great views. The kitchen features solid wood cabinetry, granite counter tops and brand-new LG Thin-Q range/oven and stainless dishwasher. The kitchen leads to your own quiet and tranquil private rear patio suitable for outdoor dining, and entertaining with freshly installed high-grade turf plus powder bath, all of which are on the main living level. The back patio is framed with gorgeous palms, flowering trees and hummingbirds. The second level includes a quite spacious primary suite that offers high ceilings and peak transom windows that reveal the stars at night. The adjacent sitting area is the ideal place to read a book or watch nature from a distance. Dual-sink quartz vanity top, artisan stone shower/bathtub with frameless glass enclosure, and luxury fixtures. Solid hardwood, stone and tile throughout - no carpet! Both bedrooms have full ensuite bathrooms plus walk in closets. Additional built-in linen, storage cabinets, and closets throughout. Ground level office/flex room/wine cellar and a large laundry area with enormous countertop and stainless sink. Large Two-car private attached garage. Brand new HVAC in 2018, Hot H20 heater 2022. The home is lightly lived in, smoke and pet free since current owner. Community pool, spa, and grass park. Close to endless shopping options, restaurants, golf and several beaches.

Mortgage Calculator

Est. Monthly Payment

$6,119

Principal & Interest$4,439
Property Tax$799
Insurance$233
HOA$648
%($159,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    La Costa Heights Elementary · grades K-6 · Encinitas Union Elementary

  • Middle

    Oak Crest Middle · grades 7-8 · San Dieguito Union High

  • High

    La Costa Canyon High · grades 9-12 · San Dieguito Union High

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

24C
Est. Monthly Rent
$3,853

8 leases of 2-bed condos & townhomes within 1 mi, same school area · $3,435–$4,403

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$2,266
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,818

What would make this work?

$3,818/mo short at 20% down; 89% down or +$4,958/mo rent closes it.

Break-even price

62% under asking

$301,920
Break-even rent

$4,958/mo above the estimate

$8,811/mo
Cashflow at 35% down
−$2,986/mo
Down payment to break even

$711,110 cash

89%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,439
Cap Rate
1.22%
Cash-on-Cash
-28.67%
DSCR

Need ≥ 1.25 for DSCR loan

0.63

NOI (Annual)
$9,764
Price-to-Rent

Lower = better for investors

17.3

* Modelled at 20% down, 7.43% 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−$3,818/mo