2895 Ocean St
Dbottom 20%Carlsbad, CA 92008Neighborhood: North Beach
48 licensed short-term rentals within ½ mile (48 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$143,312/mo full cashflow at 20% down, 7.36% rate.
Works at $1,242,368 (94% under asking); even all cash loses money at asking.
Rent $12,330/mo from 20 leases of houses within 2 mi, size-adjusted ($10,288–$13,950).
Beds
16
Baths
11
Sqft
9,170
Year Built
2000
Days on Market
0
Property Type
Single Family
HOA/mo
N/A
MLS ID
260026982SD
This property is in Carlsbad (92008). View neighborhood stats →
About This Property
An opportunity of a Lifetime! 10 ocean front, newly renovated, private Villas: 1, 2, and 3 bedrooms. Each designed for luxurious Coastal Living with open living floor plans, seamless indoor/outdoor living spaces, fully equipped kitchens, private ocean front balconies, garages and additional parking. The property is located in the most sought after area of Ocean St and is steps to the charming and walkable Carlsbad Village with eateries from Michelin Star to quaint coffee houses, juice bars, cocktails, shopping. Save the first floor, ocean front Villa (occupying the entire first floor) for your family, and the additional 9 Villas for family and friends or as an Investment play vacation or long term rentals. So many approaches to ownership in luxurious move in ready property. The Exceptional & Pristine property with 50+ feet of Ocean Frontage, is a rare opportunity of 10 luxurious Villas with private balconies. All are newly renovated 1, 2, & 3 bedroom fully equipped Ocean-Front units. Private beach access, laundry, full kitchens, parking and garages, 5th floor Lounge / Common area over the village.
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Est. Monthly Payment
$136,144
Location
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Zoned Schools
Elementary
Buena Vista Elementary · grades PK-5 · Carlsbad Unified
Middle
Valley Middle · grades 6-8 · Carlsbad Unified
High
Sage Creek High · grades 9-12 · Carlsbad Unified
or Carlsbad High · grades 9-12 · Carlsbad Unified
Choice area: the district lets families here pick either school.
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Investment Score
20 leases of houses within 2 mi, size-adjusted · $10,288–$13,950
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$143,312/mo short at 20% down; +$186,120/mo rent closes it.
- Break-even price
- $1,242,368
- Break-even rent
- $198,450/mo
- Cashflow at 35% down
- −$122,628/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
94% under asking
$186,120/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% 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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