3258 Tyler Street
Dbottom 20% of multifamilyCarlsbad, CA 92008Neighborhood: Barrio
62 licensed short-term rentals within ½ mile (62 whole home), from the cities' license and permit lists of Nov 11, 2026.
Pass at asking: -$6,768/mo full cashflow at 20% down, 7.43% rate.
Works at $508,743 (63% under asking), or at 91% down.
Rent $5,074/mo: 2 units of about 413 sqft, each priced from up to 12 closed leases within 0.5 mi ($4,154–$5,692).
Beds
—
Baths
—
Sqft
825
Year Built
1926
Days on Market
148
Property Type
Multi-Family
HOA/mo
N/A
MLS ID
NDP2605737
This property is in Carlsbad (92008). View neighborhood stats →
About This Property
WOW...HUGE Price Improvement! Calling all Investors & Developers! West of the 5 in one of North County’s most desirable coastal communities, this property offers an ideal location just blocks from Carlsbad Village, sandy beaches, restaurants, shopping, coffee houses, the train station, and the weekly farmers market. With its prime walkable location and strong upside potential through redesign or rebuild, this is a rare coastal investment opportunity. Bring your ideas & creativity!
Small multifamily · 2 units
Valued on income: each unit priced from closed leases nearby, then added up. County records: 2 units.
| Unit | Units | Rent each | Subtotal |
|---|---|---|---|
| Average unit~413 sqft · 12 leases within 0.5 mi | 2 | $2,537 | $5,074 |
| Gross rent, all units | $5,074/mo | ||
- Gross rent multiplier
- 22.8
- Price per unit
- $695,000
- NOI (a year)
- $14,488
- Cap rate
- 1.04%
Price ÷ a year's gross rent
Median $525,000 across 96 listed 2–4 unit buildings in San Diego County
Default vacancy, management, upkeep, tax, insurance
Its grade compares it with other multifamily listings only: a building valued on income isn't ranked against houses and condos.
House hack with FHA
Live in the one unit, rent the other 1.
- Down payment
- $48,650
- Your cost to live there
- $11,084/mo
- More than renting it
- $8,547/mo
3.5% · plus closing costs
After $2,537/mo from the other unit
vs $2,537/mo to rent the same unit
How this is figured
- Loan $1,364,824 ($1,341,350 + 1.75% upfront mortgage insurance) at 7.18% (Freddie Mac 30-year average, week of Nov 5, 2026), 30 years: $9,246/mo
- FHA mortgage insurance $838/mo · property tax $1,390/mo · insurance $405/mo
- Vacancy, management and capex on the rented units, upkeep on the building: $1,742/mo
- FHA allows 3.5% down on 2–4 units when you live in one, up to HUD's 2026 San Diego County limit for 2 units ($1,413,350). Lenders count only part of the other units' rent toward qualifying.
Compare other buildings on the small multifamily page.
Mortgage Calculator
Est. Monthly Payment
$9,517
Location
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Zoned Schools
Elementary
Jefferson Elementary · grades K-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.
Comparable Properties
1 comp foundThis Property
$5,074
Comp Average
$6,944
Comps based on same zip code, similar beds (±1), price range (60-150%).
Short-term not available here. Outside Carlsbad's Coastal Zone, where short-term rentals are not allowed. See the rules
This is a 2-unit building: on the mid-term and short-term tabs, enter the rent, nightly rate and occupancy for all units combined.
Investment Score
2 units of about 413 sqft, each priced from up to 12 closed leases within 0.5 mi · $4,154–$5,692
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$6,768/mo short at 20% down; 91% down or +$8,790/mo rent closes it.
- Break-even price
- $508,743
- Break-even rent
- $13,864/mo
- Cashflow at 35% down
- −$5,321/mo
- Down payment to break even
- 91%
- Rate to break even
- Not reachable
63% under asking
$8,790/mo above the estimate
$1,264,900 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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