4007 Canario

4007 Canario

Ctop 80%

Carlsbad, CA 92008Neighborhood: North Beach

$1,075,000
NEW — 0d
STR: check · no permits in this complex · TOT 10%

48 licensed short-term rentals within ½ mile (48 whole home), from the cities' license and permit lists of Nov 2, 2026.

No unit in this 72-unit complex holds a short-term rental permit, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.

Pass at asking: -$5,071/mo full cashflow at 20% down, 7.49% rate.

Works at $417,583 (61% under asking), or at 88% down.

Rent $4,956/mo from 13 leases of 2–4 bed condos & townhomes within 0.5 mi, same school area ($4,371–$6,119).

Beds

3

Baths

3.5

Sqft

1,864

Year Built

1985

Days on Market

0

Property Type

Condo

HOA/mo

$595

MLS ID

260026110SD

This property is in Carlsbad (92008). View neighborhood stats →

About This Property

Welcome to your coastal piece of paradise in Carlsbad. Blocks from the ocean, this stunning, redesigned condo redefines luxury living in Carlsbad. Stripped down to the studs and masterfully rebuilt, this nearly 2,000-square-foot condo lives like a home. Seamlessly blending timeless craftsmanship with modern sophistication, offering privacy and space. From the minute you step inside, you're greeted by vaulted ceilings and an abundance of natural light. No detail has been overlooked: the entirely re-engineered open floor plan features wall-to-wall European white oak hardwood floors, custom cabinetry with Samsung stainless steel appliances, and Italian marble countertops in all the bathrooms. Behind the scenes, the condo features premium upgrades, copper plumbing, a fully rewired electrical system, and a tankless water heater (HVAC/AC ready). Upstairs, luxury goes double. Two massive primary suites with private balconies, custom walk-in closets, and spa-inspired wet baths with Brazilian marble, LED mirrors, and Brizo Luxe Gold fixtures. The permitted third-floor loft is complete with its own full luxury bath--perfect for an office, private gym, or a third ensuite. Nestled in the resort-style Windsong community west of I-5, featuring a newly resurfaced pool and spa, you're a 6-minute walk to the sand at Tamarack State Beach and close to Carlsbad Village. Don't just buy a home. Secure a lifestyle.

Mortgage Calculator

Est. Monthly Payment

$7,991

Principal & Interest$6,007
Property Tax$1,075
Insurance$314
HOA$595
%($215,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Jefferson Elementary · grades K-5 · Carlsbad Unified

  • Middle

    Valley Middle · grades 6-8 · Carlsbad Unified

  • High

    Sage Creek High · grades 9-12 · Carlsbad Unified

    or Carlsbad High · grades 9-12 · Carlsbad Unified

    Choice area: the district lets families here pick either school.

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
$4,956

13 leases of 2–4 bed condos & townhomes within 0.5 mi, same school area · $4,371–$6,119

Blended 50/50 with the zip's market median ($5,230)

Monthly Cashflow

Rent − PITIA

-$3,035
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,071

What would make this work?

$5,071/mo short at 20% down; 88% down or +$6,586/mo rent closes it.

Break-even price

61% under asking

$417,583
Break-even rent

$6,586/mo above the estimate

$11,542/mo
Cashflow at 35% down
−$3,945/mo
Down payment to break even

$946,000 cash

88%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,007
Cap Rate
1.32%
Cash-on-Cash
-28.30%
DSCR

Need ≥ 1.25 for DSCR loan

0.62

NOI (Annual)
$14,209
Price-to-Rent

Lower = better for investors

18.1

* 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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CCashflow−$5,071/mo