2648 State Street
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2648 State Street

D

Carlsbad, CA 92008

$1,849,999

Soft Appraisal Value: $1,849,000 · 0.1% above estimate

Beds

3

Baths

3.5

Sqft

2,329

Year Built

2022

Days on Market

108

Property Type

Townhouse

HOA/mo

$440

MLS ID

NDP2600988

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

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About This Property

Just Reduced! Coastal living or Rental Income Potential in the Heart of Carlsbad Village, Just Three Blocks from the Beach. Enjoy the flexibility to live full-time or part-time, and generate rental income when not in use. No HOA restrictions on rental length. Built in 2022 by award-winning Safdie Rabines Architects, this never-lived-in luxury townhome is ideally positioned on State Street in one of San Diego County’s most sought-after coastal communities. The four-story design offers a private elevator and light-filled interiors across 2,330 square feet. Three bedrooms, each with an ensuite bath and closet. Thermador appliances and quartz countertops. Two private decks with glass railings capture ocean breezes and sunset views. High ceilings and a private, spacious two-car garage. Convenient access to a weekly farmers market, popular surf breaks, boutique shopping, cafes, and Michelin-starred dining at Jeune et Jolie and Lilo right across the street. Never lived in. Move-in ready. Easy to show!

Mortgage Calculator

Est. Monthly Payment

$12,184

Principal & Interest$9,355
Property Tax$1,850
Insurance$540
HOA$440
%($370,000)
%

Location

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Investment Score

3D
Est. Monthly Rent
$6,210
Monthly Cashflow

Rent − PITIA

$-5,975
Full Cashflow

Incl. vacancy, PM, maint, capex

$-8,945

Mortgage (P+I)
$9,355
Cap Rate
0.27%
Cash-on-Cash
-29.01%
DSCR

Need ≥ 1.25 for DSCR loan

0.51
Break-even Rent
$17,826

NOI (Annual)
$4,920
Price-to-Rent

Lower = better for investors

24.8

* 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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