2511 State Street
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2511 State Street

C

Carlsbad, CA 92008

$1,950,000

Soft Appraisal Value: $1,961,000 · 0.6% below estimate

Beds

2

Baths

3

Sqft

2,147

Year Built

2016

Days on Market

45

Property Type

Condo

HOA/mo

$324

MLS ID

NDP2604309

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

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About This Property

Luxury Coastal Living in the Heart of Carlsbad Village Welcome to your ideal coastal retreat on State Street- where modern design meets effortless SoCal beach living. This stylish condo offers over 2,100 sq ft, a private rooftop deck and is located in a prime location near the beach, lagoon, shops, and vibrant dining scene both Carlsbad Village and South Oceanside offer! Light-filled and thoughtfully designed, this three-story home features beautiful French Oak wood floors, high ceilings, and seamless indoor-outdoor flow. The first floor offers a flexible space ideal for a guest suite, office, or secondary living area, with direct access from both a private courtyard and oversized two-car garage. The main level is the heart of the home, showcasing a chef’s kitchen with quartz countertops, custom cabinetry, a large island, and premium stainless-steel appliances. Open-concept living and dining areas extend to two French balconies -perfect for morning coffee or evening entertaining. Upstairs, both bedrooms feature ensuite baths. The primary suite offers a peaceful escape, multiple closets, and a spa-inspired bathroom with dual vanities and a spacious shower. At the top, your private rooftop deck delivers ocean and city views -ideal for sunset gatherings, dining, or simply soaking in the coastal lifestyle. Additional highlights include dual A/C, dedicated laundry, durable, low maintenance vinyl shutters, murphy bed, ample storage, and custom, charming finishes throughout. Considered a live/work unit. The bottom floor can be used for a business, per the allowable business activity restrictions of the CC&R's. Selling furnished. Located in the immaculate Seagrove Community, you’re just moments from beaches, restaurants, boutiques, transit, and coastal trails -offering the perfect blend of luxury, convenience, and vibrant seaside living.

Mortgage Calculator

Est. Monthly Payment

$12,703

Principal & Interest$9,860
Property Tax$1,950
Insurance$569
HOA$324
%($390,000)
%

Location

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Investment Score

5D
Est. Monthly Rent
$6,957
Monthly Cashflow

Rent − PITIA

$-5,746
Full Cashflow

Incl. vacancy, PM, maint, capex

$-8,971

Mortgage (P+I)
$9,860
Cap Rate
0.55%
Cash-on-Cash
-27.60%
DSCR

Need ≥ 1.25 for DSCR loan

0.55
Break-even Rent
$18,608

NOI (Annual)
$10,667
Price-to-Rent

Lower = better for investors

23.4

* 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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