3131 Asto Pl
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3131 Asto Pl

Ctop 80%

Carlsbad, CA 92010Neighborhood: Calavera Hills

$1,195,000
STR closed · outside Carlsbad's Coastal Zone

0 licensed short-term rentals within ½ mile (0 whole home), from the cities' license and permit lists of Nov 7, 2026.

Pass at asking: -$6,036/mo full cashflow at 20% down, 7.43% rate.

Works at $409,242 (66% under asking), or at 93% down.

Rent $4,627/mo from 11 leases of 3-bed condos & townhomes within 2 mi ($4,476–$5,040).

Beds

3

Baths

2.5

Sqft

1,681

Year Built

2017

Days on Market

44

Property Type

Condo

HOA/mo

$420

MLS ID

NDP2608854

This property is in Carlsbad (92010). View neighborhood stats →

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About This Property

Welcome to 3131 Asto Place, a beautifully reimagined 3-bedroom, 2.5-bath condominium offering 1,681 square feet of thoughtfully renovated living space in Carlsbad. Completely transformed from top to bottom, this turnkey residence blends fresh, contemporary design with the warmth and comfort of a place that immediately feels like home. Ideally situated on a desirable corner lot, the condominium enjoys a wonderful sense of openness and privacy, along with peaceful canyon views. Its location within the community is equally special, with the pool, gym, park, and BBQ area all just a short walk from your front door. These inviting amenities offer plenty of opportunities to relax, stay active, entertain, and enjoy the Southern California lifestyle. Step inside to discover a bright and welcoming interior where every space has been thoughtfully refreshed. The complete renovation creates a cohesive, modern feel throughout the kitchen, bathrooms, bedrooms, and living areas, while the functional floor plan provides an effortless flow for everyday living and entertaining. Upstairs, high ceilings enhance the natural light and sense of space, creating an airy and inviting atmosphere throughout the upper level. With three spacious bedrooms, two and a half bathrooms, a completely renovated interior, beautiful canyon surroundings, community amenities within walking distance, and the added benefit of low monthly HOA, 3131 Asto Place offers an exceptional opportunity to settle into one of Carlsbad’s welcoming communities. Located within the Carlsbad school district and conveniently close to beaches, shopping, dining, parks, recreation, and easy freeway access for daily commute, this move-in-ready condominium brings together comfort, convenience, and the coastal lifestyle Carlsbad is known for. Beautifully updated and ready for its next chapter, 3131 Asto Place is a place to move in, make your own, and feel at home from day one.

Mortgage Calculator

Est. Monthly Payment

$8,602

Principal & Interest$6,639
Property Tax$1,195
Insurance$349
HOA$420
%($239,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Hope Elementary · grades K-5 · Carlsbad Unified

  • Middle

    Calavera Hills 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.

Short-term not available here. Outside Carlsbad's Coastal Zone, where short-term rentals are not allowed. See the rules

Investment Score

8C
Est. Monthly Rent
$4,627

11 leases of 3-bed condos & townhomes within 2 mi · $4,476–$5,040

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$3,976
Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,036

What would make this work?

$6,036/mo short at 20% down; 93% down or +$7,839/mo rent closes it.

Break-even price

66% under asking

$409,242
Break-even rent

$7,839/mo above the estimate

$12,466/mo
Cashflow at 35% down
−$4,791/mo
Down payment to break even

$1,111,350 cash

93%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,639
Cap Rate
0.84%
Cash-on-Cash
-30.31%
DSCR

Need ≥ 1.25 for DSCR loan

0.54

NOI (Annual)
$10,012
Price-to-Rent

Lower = better for investors

21.5

* 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−$6,036/mo