2646 Unicornio Street

2646 Unicornio Street

Ctop 80%

Carlsbad, CA 92009

$2,499,900
NEW — 0d

Pass at asking: -$13,400/mo full cashflow at 20% down, 7.43% rate.

Works at $755,257 (70% under asking), or at 98% down.

Rent $7,533/mo from 8 leases of 4–6 bed houses within 1 mi ($6,587–$7,884).

Beds

5

Baths

4

Sqft

3,494

Year Built

1981

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2610114

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

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About This Property

Showcasing beautiful ocean views, a resort-style pool, and an extraordinary designer transformation, this stunning 5 bedroom, 4 bath La Costa residence embodies elevated Southern California living. Extensively reimagined with a thoughtfully expanded floorplan, sophisticated finishes, and seamless indoor-outdoor spaces, this exceptional home blends modern luxury with effortless coastal elegance. The expansive open-concept design showcases a beautifully redesigned kitchen and family room, featuring custom-style wood shaker cabinetry, elegant Siena quartz countertops, designer tile backsplash, and a statement wet bar ideal for entertaining. Expansive pocket doors create a seamless transition to the outdoors, filling the living spaces with natural light and embracing the home’s resort-inspired setting. Upstairs, two luxurious primary suites offer a rare level of comfort and versatility. The newly added suite features a beautifully appointed private bath, while the second primary retreat boasts a fireplace and private balcony. A wraparound balcony extends to an adjoining bedroom, offering additional space to unwind and enjoy the coastal breeze. Throughout the residence, elevated finishes and architectural details create a cohesive sense of understated luxury. Beautifully redesigned bathrooms feature quartz countertops, designer tilework, and curated fixtures, complemented by updated flooring, fresh interior paint, modern trim, sophisticated hardware, and two fireplaces finished in elegant plaster. Designed for both intimate relaxation and unforgettable entertaining, the private backyard is a true resort-style escape. A sparkling swimming pool anchors the outdoor setting, surrounded by inviting patio spaces, a lush lawn, an outdoor fireplace, and a separate firepit—creating the ultimate backdrop for year-round California living. Complete with solar and no HOA, this exceptional property is ideally situated in one of La Costa’s most desirable neighborhoods, just minutes from the coast, renowned golf courses, highly regarded schools, upscale shopping, and dining. A rare opportunity to experience elevated coastal living in a beautifully reimagined La Costa retreat.

Mortgage Calculator

Est. Monthly Payment

$17,117

Principal & Interest$13,888
Property Tax$2,500
Insurance$729
%($499,980)
%
Loan Term

Location

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Investment Score

4C
Est. Monthly Rent
$7,533

8 leases of 4–6 bed houses within 1 mi · $6,587–$7,884

Blended 50/50 with the zip's market median ($7,854)

Monthly Cashflow

Rent − PITIA

-$9,584
Full Cashflow

Incl. vacancy, PM, maint, capex

-$13,400

What would make this work?

$13,400/mo short at 20% down; 98% down or +$17,402/mo rent closes it.

Break-even price

70% under asking

$755,257
Break-even rent

$17,402/mo above the estimate

$24,935/mo
Cashflow at 35% down
−$10,796/mo
Down payment to break even

$2,449,902 cash

98%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$13,888
Cap Rate
0.42%
Cash-on-Cash
-32.16%
DSCR

Need ≥ 1.25 for DSCR loan

0.44

NOI (Annual)
$10,379
Price-to-Rent

Lower = better for investors

27.7

* 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−$13,400/mo