3825 Elijah Ct

Ctop 80%

Carmel Valley, CA 92130

$705,000

NEW — 0d

STR-eligible · San Diego Tier 3 · TOT 11.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

9 licensed short-term rentals within ½ mile (3 whole home), from the cities' license and permit lists of Nov 13, 2026.

1 short-term rental license on file in this 68-unit complex, so its HOA has allowed them. Confirm in the CC&Rs: an HOA can ban stays under 30 days (Civ. Code §4741).

Pass at asking: -$3,074/mo full cashflow at 20% down, 7.36% rate.

Works at $302,920 (57% under asking), or at 84% down.

Rent $3,519/mo from 35 leases of 2-bed condos & townhomes within 0.5 mi ($3,160–$3,492).

Beds

Baths

Sqft

953

Year Built

2002

Days on Market

Property Type

Condo

HOA/mo

$395

MLS ID

NDP2610234

This property is in Carmel Valley (92130). View neighborhood stats →

Virtual Tour

About This Property

Enjoy single level living in the heart of Carmel Valley. Set amongst trees and nearby trails this inviting home features a private patio and an open floor plan enhanced by crown moulding, new flooring and fresh paint throughout. The kitchen offers granite countertops, stainless steel appliances and a pantry while the primary suite includes an ensuite bath and a spacious walk-in closet. Complex offers pool, spa, fitness center clubhouse and billiard room. Ideally located within walking distance to award winning schools, One Paseo Del Mar Highlands, the recreation center with beaches, UCSD and biotech centers just minutes away.

Mortgage Calculator

Est. Monthly Payment

$5,195

Principal & Interest$3,890

Property Tax$705

Insurance$206

HOA$395

Down Payment

%($141,000)

Interest Rate

Loan Term

Location

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Zoned Schools

Elementary
Carmel Del Mar Elementary · grades K-6 · Del Mar Union 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 found

This Property

$3,519

Comp Average

$3,453

3540 Caminito El Rincon

2bd / 2ba · 944 sqft · Condo

$730K

Est. $3,355/mo

12580 Carmel Creek Road

2bd / 2ba · 950 sqft · Condo

$760K

Est. $3,513/mo

3606 Bernwood Pl

2bd / 2ba · 950 sqft · Condo

$770K

Est. $3,685/mo

3537 Caminito El Rincon

2bd / 2ba · 944 sqft · Condo

$769K

Est. $3,356/mo

3574 Caminito El Rincon

2bd / 2ba · 944 sqft · Condo

$789K

Est. $3,355/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

36C

Est. Monthly Rent

$3,519

35 leases of 2-bed condos & townhomes within 0.5 mi · $3,160–$3,492

Blended 50/50 with the zip's market median ($3,656)

Monthly Cashflow

Rent − PITIA

-$1,677

Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,074

What would make this work?

$3,074/mo short at 20% down; 84% down or +$3,992/mo rent closes it.

Break-even price: $302,920
Break-even rent: $7,511/mo
Cashflow at 35% down: −$2,344/mo
Down payment to break even: 84%
Rate to break even: Not reachable

Mortgage (P+I)

$3,890

Cap Rate

1.69%

Cash-on-Cash

-26.16%

DSCR

Need ≥ 1.25 for DSCR loan

0.68

NOI (Annual)

$11,905

Price-to-Rent

Lower = better for investors

16.7

* Modelled at 20% down, 7.36% 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−$3,074/mo