3550 Trieste Drive
Ctop 80%Carlsbad, CA 92010Neighborhood: Tamarack Point
0 licensed short-term rentals within ½ mile (0 whole home), from the cities' license and permit lists of Nov 3, 2026.
Pass at asking: -$5,998/mo full cashflow at 20% down, 7.49% rate.
Works at $472,462 (62% under asking), or at 89% down.
Rent $4,733/mo from 11 leases of 2–4 bed houses within 1 mi ($4,527–$5,267).
Beds
3
Baths
2
Sqft
1,956
Year Built
1967
Days on Market
0
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2609979
This property is in Carlsbad (92010). View neighborhood stats →
About This Property
Bring your contractor and your vision to this exceptional single-level home on a prime Carlsbad corner lot, just minutes from the coast and top-rated schools. With a great layout that offers a rare blank canvas, this property is ready for a complete custom transformation. Located in a high-demand neighborhood with immense upside potential, it provides an ideal foundation for building equity, featuring a dedicated spot for an RV or the potential to add an ADU to maximize income and offset your mortgage. Whether you are an investor, designer, or future homeowner looking to craft your ideal coastal retreat, this is your chance to secure a foothold in a premier location.
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Est. Monthly Payment
$8,600
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.
Renovation math
Flagged Fixer from the listing remarks — “bring your contractor”, “blank canvas”, “upside potential”.
- Asking now
- $1.25M
- Worth finished
- $1.64M
- Budget to renovate
- $388,368
$639/sqft
$838/sqft × 1,956 sqft
$199/sqft to spend
Comparable finished homes nearby suggest this is worth $1.64M once it's brought to par — about $388,368 above the asking price. That spread is your renovation budget before the deal stops working.
Rent once renovated
- Rent at par
- $5,613/mo
- Cashflow at that rent
- −$5,320/mo
$2.87/sqft × 1,956 sqft, median of 5 comps
cap rate 1.87%, DSCR 0.65
Buying at asking and achieving par rent, excluding the renovation spend itself. We don't publish a current-condition rent: no listing remark says how much work a home needs, and mid-renovation it earns nothing.
Based on 5 comparable homes of the same property type and size currently listed nearby — asking prices and modelled rents, not closed sales. A contractor's scope, not this page, decides what a renovation actually costs.
Comparable Properties
5 comps foundThis Property
$4,733
Comp Average
$4,605
5447 Don Luis Drive
4bd / 3ba · 1,859 sqft · Single Family
$924K
Est. $5,335/mo
4309 Sierra
3bd / 2.5ba · 1,401 sqft · Single Family
$1.18M
Est. $4,097/mo
2640 Chestnut
4bd / 2.5ba · 1,909 sqft · Single Family
$1.60M
Est. $5,148/mo
4502 Sierra Morena Ave
3bd / 2.5ba · 1,401 sqft · Single Family
$1.20M
Est. $4,040/mo
5595 Foxtail Loop
3bd / 2.5ba · 1,984 sqft · Single Family
$1.55M
Est. $4,406/mo
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
Investment Score
11 leases of 2–4 bed houses within 1 mi · $4,527–$5,267
Blended 50/50 with the zip's market median ($4,418)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$5,998/mo short at 20% down; 89% down or +$7,789/mo rent closes it.
- Break-even price
- $472,462
- Break-even rent
- $12,522/mo
- Cashflow at 35% down
- −$4,688/mo
- Down payment to break even
- 89%
- Rate to break even
- Not reachable
62% under asking
$7,789/mo above the estimate
$1,112,500 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.49% 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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