3830 Elijah Court

3830 Elijah Court

D

Carmel Valley, CA 92130

$875,000
NEW — 2d on market

Beds

2

Baths

2

Sqft

1,193

Year Built

2002

Days on Market

2

Property Type

Condo

HOA/mo

$433.34

MLS ID

260007284SD

View on MLS

Description

Unparalleled value in the heart of Carmel Valley. A spacious and sun filled 1,193 square feet, this exceptional corner residence with beautiful community amenities represents one of the most compelling price-per-square-foot opportunities in all of 92130. Perfectly situated just moments from top-rated schools and the refined shopping and dining experiences of One Paseo and Del Mar Highlands Town Center, this residence also offers quick access to the coast—just a five-minute drive to the beautiful beaches of Del Mar. With no neighboring buildings to the north, the home offers a rare sense of privacy, openness, and tranquility. It is thoughtfully designed for modern living, with an open-concept floor plan and expansive windows that bathe the interior in natural light throughout the day. A private one-car garage, directly adjacent to the entry, adds a level of convenience, along with ample additional parking for guests. Residents enjoy resort-style amenities including a beautifully appointed pool, fitness center, and a private balcony designed for relaxing and taking in the surrounding views. With water and trash included in the HOA and no Mello-Roos, this is a rare opportunity to own a refined, low-maintenance home in one of North County’s most desirable communities.

Mortgage Calculator

Est. Monthly Payment

$5,988

Principal & Interest$4,424
Property Tax$875
Insurance$255
HOA$433
%($175,000)
%

Investment Score

2D
Est. Monthly Rent
$3,687
Monthly Cashflow

Rent − PITI − HOA

$-2,301
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,878

Mortgage (P+I)
$4,424
Cap Rate
0.75%
Cash-on-Cash
-26.59%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.62
Break-even Rent
$8,723

NOI (Annual)
$6,558
Price-to-Rent

Lower = better for investors

19.8

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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