2638 Lancelot
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2638 Lancelot

D

Oceanside, CA 92054

$1,099,800
NEW — 1d

Beds

4

Baths

2.5

Sqft

2,641

Year Built

1960

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

ND26095546

This property is in Oceanside (92054). View neighborhood stats →

About This Property

Welcome to your dream home in San Diego—just minutes from some of Southern California’s most warm beautiful beaches and nestled in a rapidly growing coastal community. Coastal Living is not just a Dream. This fully renovated property is designed for modern, flexible living, perfect for multi-generational households or income potential. Every detail has been thoughtfully upgraded, including brand-new custom cabinetry, appliances, flooring, interior and exterior paint, fixtures, doors, and Nice landscaping.This is not a Flip property. A thought out Broker Designed floorplan and Renovations. The home offers exceptional versatility with multiple ADU-ready spaces:A spacious owner’s suite featuring a bonus area ideal for an office, nursery, or reading retreat, plus an oversized DREAMY walk-in closet not easy to find. Two additional private living quarters perfect for in-laws, adult children, or rental opportunities.A garage conversion ready for use as an additional suite, complete with closet space.In addition to these flexible living areas, the home includes three more generously sized bedrooms, along with a beautiful en-suite featuring French doors that open to the backyard—creating a seamless indoor-outdoor living experience.Step outside to enjoy:A large storage shed,A versatile bonus structure perfect as a studio, workshop, gym, or creative spaceLocated just 7 minutes from the Sandy beaches, you’ll also enjoy close proximity to local farmers markets, the pier, award-winning dining, craft breweries, and the vibrant culture that defines coastal San Diego living. A surfers Dream, with endless activities for adults and children, beach soccer, volleyball, junior lifeguards, surf competitions, soccer competitions, concert and professional basketball Arenas minutes away. Additional highlights: Paid-off solar panels,Strong income potential with multiple rentable spaces Turnkey, move-in ready conditionWhether you’re looking for a primary residence, vacation home, or investment opportunity, this property offers the rare combination of lifestyle, flexibility, and value.

Mortgage Calculator

Est. Monthly Payment

$6,982

Principal & Interest$5,561
Property Tax$1,100
Insurance$321
%($219,960)
%

Location

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Investment Score

7D
Est. Monthly Rent
$3,849
Monthly Cashflow

Rent − PITIA

$-3,133
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,935

Mortgage (P+I)
$5,561
Cap Rate
0.68%
Cash-on-Cash
-26.92%
DSCR

Need ≥ 1.25 for DSCR loan

0.55
Break-even Rent
$10,258

NOI (Annual)
$7,517
Price-to-Rent

Lower = better for investors

23.8

* 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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