3887 Pell Pl. #314
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3887 Pell Pl. #314

Ctop 80%

Carmel Valley, CA 92130

$888,000
STR: check · no permits in this complex · TOT 11.75%

11 licensed short-term rentals within ½ mile (4 whole home), from the cities' license and permit lists of Nov 6, 2026.

No unit in this 84-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: -$4,513/mo full cashflow at 20% down, 7.43% rate.

Works at $300,348 (66% under asking), or at 94% down.

Rent $3,560/mo from 19 leases of 2-bed condos & townhomes within 0.5 mi, same school area ($3,308–$3,571).

Beds

2

Baths

2

Sqft

1,052

Year Built

2006

Days on Market

47

Property Type

Condo

HOA/mo

$434

MLS ID

260023087SD

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

About This Property

Welcome to 3887 Pell Place #314 - a coastal, 3rd floor CORNER unit at the back of the community on the greenbelt / walking path. This turnkey remodeled 2 bed, 2 bath home in the heart of Carmel Valley’s highly sought-after walking district w/ LOW $434 HOA. 1 mile from Del Mar Beach. Light, bright, and exceptionally private, this beautifully updated residence features dual primary suites and is ideally positioned in one of the best locations within the Pell Place community, surrounded by mature trees with peaceful sunrise views and refreshing coastal breezes. This move in ready home offers stainless steel appliances, central AC and heat, full sized stacked laundry units, freshly painted interiors and cabinetry, generous storage, and a functional open layout that flows seamlessly to two private patios, including a patio off the primary suite perfect for indoor-outdoor living. Located just one block from Del Mar Highlands, you’re steps from some of North County’s best shopping, dining, and entertainment, including Sky Deck and Sky Bar. The community is rich with amenities, featuring a large putting green, and access to the nearby recreation center with a resort-style pool, waterslides, and park. Just a few blocks away, enjoy the Del Mar Pump Track skate park and everything that makes this area one of San Diego’s most vibrant coastal communities. Perfectly situated within walking distance to everything you need and adjacent to top rated 9 and 10 schools, this home offers the ideal blend of lifestyle, location, and comfort. We invite you to experience 3887 Pell Place #314.

Mortgage Calculator

Est. Monthly Payment

$6,514

Principal & Interest$4,933
Property Tax$888
Insurance$259
HOA$434
%($177,600)
%
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.

Investment Score

13C
Est. Monthly Rent
$3,560

19 leases of 2-bed condos & townhomes within 0.5 mi, same school area · $3,308–$3,571

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$2,954
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,513

What would make this work?

$4,513/mo short at 20% down; 94% down or +$5,861/mo rent closes it.

Break-even price

66% under asking

$300,348
Break-even rent

$5,861/mo above the estimate

$9,421/mo
Cashflow at 35% down
−$3,588/mo
Down payment to break even

$834,720 cash

94%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,933
Cap Rate
0.81%
Cash-on-Cash
-30.49%
DSCR

Need ≥ 1.25 for DSCR loan

0.55

NOI (Annual)
$7,178
Price-to-Rent

Lower = better for investors

20.8

* 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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CCashflow−$4,513/mo