3887 Pell Pl. #314
Ctop 80%Carmel Valley, CA 92130
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
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 foundThis Property
$3,560
Comp Average
$3,648
3830 Elijah
2bd / 2ba · 1,102 sqft · Condo
$799K
Est. $3,663/mo
12366 Carmel Country Rd
2bd / 2ba · 1,145 sqft · Condo
$850K
Est. $3,635/mo
3631 Caminito Carmel Landing
2bd / 2ba · 1,066 sqft · Condo
$880K
Est. $3,618/mo
3521 Caminito Carmel Lndg
2bd / 2ba · 1,066 sqft · Condo
$900K
Est. $3,627/mo
12604 Carmel Country Rd
2bd / 2.5ba · 1,050 sqft · Condo
$920K
Est. $3,696/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
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
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,513/mo short at 20% down; 94% down or +$5,861/mo rent closes it.
- Break-even price
- $300,348
- Break-even rent
- $9,421/mo
- Cashflow at 35% down
- −$3,588/mo
- Down payment to break even
- 94%
- Rate to break even
- Not reachable
66% under asking
$5,861/mo above the estimate
$834,720 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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