3606 Bernwood Pl #9
Ctop 80%Carmel Valley, CA 92130
7 licensed short-term rentals within ½ mile (1 whole home), from the cities' license and permit lists of Nov 1, 2026.
No unit in this 64-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.
Pass at asking: -$3,612/mo full cashflow at 20% down, 7.49% rate.
Works at $301,644 (61% under asking), or at 88% down.
Rent $3,671/mo from 12 leases of 2-bed condos & townhomes within 0.5 mi, same school area ($3,607–$4,358).
Beds
2
Baths
2
Sqft
950
Year Built
1992
Days on Market
184
Property Type
Condo
HOA/mo
$500
MLS ID
260010156SD
This property is in Carmel Valley (92130). View neighborhood stats →
About This Property
Beautiful ground-level, single-story, corner end-unit at Martinique; a gem in the Del Mar Highlands development. Situated at the end of a short pathway in a quiet location within the community. All stainless-steel appliances and Quartz countertops in the bright, sunny kitchen. Recessed lighting in the Living and Dining Rooms, with plenty of natural light throughout the condo. Laminate flooring throughout with ample closet space. Large patio with full-sized, side-by-side washer and dryer in a utility closet. Central Air Conditioning and Natural Gas Forced Air Heat. The property has one dedicated carport space (#90) along with plenty of unreserved parking for guests and any additional vehicles. The community features a well-maintained swimming pool, spa, and fitness center - all easily accessible from the condo. Located in a quiet, eminently walkable neighborhood with parks and schools within easy reach. Short walk to One Paseo and Del Mar Highland Shopping centers. Short drive to the I-5 and the I-5/56 interchange for easy commuting. Less than 2 miles away from the Del Mar beach.
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Est. Monthly Payment
$5,797
Location
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Zoned Schools
Elementary
Solana Highlands Elementary · grades K-6 · Solana Beach Elementary
Middle
Carmel Valley Middle · grades 7-8 · San Dieguito Union High
High
Torrey Pines High · grades 9-12 · San Dieguito Union High
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
5 comps foundThis Property
$3,671
Comp Average
$3,422
12590 Carmel Creek Rd
2bd / 2ba · 864 sqft · Condo
$675K
Est. $3,336/mo
12580 Carmel Creek Road
2bd / 2ba · 950 sqft · Condo
$760K
Est. $3,499/mo
3540 Caminito El Rincon
2bd / 2ba · 944 sqft · Condo
$749K
Est. $3,424/mo
3537 Caminito El Rincon
2bd / 2ba · 944 sqft · Condo
$769K
Est. $3,353/mo
3574 Caminito El Rincon
2bd / 2ba · 944 sqft · Condo
$789K
Est. $3,497/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
12 leases of 2-bed condos & townhomes within 0.5 mi, same school area · $3,607–$4,358
Blended 50/50 with the zip's market median ($3,629)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,612/mo short at 20% down; 88% down or +$4,691/mo rent closes it.
- Break-even price
- $301,644
- Break-even rent
- $8,362/mo
- Cashflow at 35% down
- −$2,806/mo
- Down payment to break even
- 88%
- Rate to break even
- Not reachable
61% under asking
$4,691/mo above the estimate
$677,512 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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