2438 Ocean Street
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2438 Ocean Street

D

Carlsbad, CA 92008

$3,500,000
NEW — 1d on market

Beds

3

Baths

2.5

Sqft

2,333

Year Built

1980

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

PTP2602792

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

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About This Property

Luxury Live Auction! Bidding to start from $3,500,000! Sunset Alert! Rare opportunity to live steps from the sand with direct beach access and breathtaking ocean views. Seller completed a major remodel in 2005 on this luxury coastal home which offers multiple outdoor entertaining areas, a rooftop deck for unforgettable sunsets, and a spa with waterfall. Inside, enjoy a light-filled open layout with expansive windows, gourmet kitchen, granite counters, and wine cooler. The primary suite features a balcony, fireplace, and spa-style jacuzzi bath. Two guest suites, a custom cherry-wood office, private driveway, and large two-car garage complete this exceptional beachside retreat. Walk to Carlsbad Village shops, cafés, and restaurants. Explore the feasibility of one of the largest lots on Ocean St with R3 zoning.

Mortgage Calculator

Est. Monthly Payment

$22,219

Principal & Interest$17,698
Property Tax$3,500
Insurance$1,021
%($700,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$5,464
Monthly Cashflow

Rent − PITIA

$-16,755
Full Cashflow

Incl. vacancy, PM, maint, capex

$-20,928

Mortgage (P+I)
$17,698
Cap Rate
-1.11%
Cash-on-Cash
-35.88%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.25
Break-even Rent
$32,644

NOI (Annual)
$-38,765
Price-to-Rent

Lower = better for investors

53.4

* 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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