3008 Lincoln Street

3008 Lincoln Street

D

Carlsbad, CA 92008

$899,000
NEW — 0d on market

Beds

1

Baths

1

Sqft

600

Year Built

1965

Days on Market

0

Property Type

Condo

HOA/mo

$300

MLS ID

NDP2602030

View on MLS

Description

Beachside Condo in the Heart of Carlsbad Village Welcome to Coastal Casita, a charming 1-bedroom, 1-bath condo located just one block from the beach in the heart of Carlsbad Village. This second-floor residence offers an ideal coastal lifestyle with easy access to the sand, local restaurants, boutique shops, and all the energy of the Village just steps away. The home features a comfortable and thoughtfully updated interior, including a Beautyrest king mattress (installed November 2024) and mini-split air conditioning in both the living room and bedroom (installed May 2024). The kitchen is fully equipped, and the unit includes high-speed internet averaging over 300 Mbps. Additional conveniences include one reserved covered parking space and a smart lock for convenient access. Please note the unit is located on the second floor and accessed by stairs (no elevator). This condo has also been operated as a successful vacation rental for several years and has developed a strong guest following due to its prime location and comfortable layout. Ownership includes a 1/30 fractional interest in the historic Gage House located in the center of the Monterey Gage complex. The Gage House is a privately managed historic home available for overnight use exclusively by Monterey Gage owners and their invited guests. Whether you are seeking a coastal getaway, second home, or beachside residence in one of North County’s most walkable neighborhoods, this Carlsbad Village condo offers a rare opportunity just steps from the Pacific Ocean.

Mortgage Calculator

Est. Monthly Payment

$6,007

Principal & Interest$4,546
Property Tax$899
Insurance$262
HOA$300
%($179,800)
%

Investment Score

0D
Est. Monthly Rent

Estimated Rent

$1,987
Monthly Cashflow

Rent − PITI − HOA

$-4,020
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,226

Mortgage (P+I)
$4,546
Cap Rate
-0.91%
Cash-on-Cash
-26.83%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.44
Break-even Rent
$6,007

NOI (Annual)
$-8,162
Price-to-Rent

Lower = better for investors

37.7

* Defaults: 20% down, 6.5% rate, 30yr.

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