4025 Canario Street
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4025 Canario Street #344

C

Carlsbad, CA 92008

$1,600,000
NEW — 7d

Soft Appraisal Value: $1,551,700 · 3.1% above estimate

Beds

2

Baths

2.5

Sqft

1,704

Year Built

2003

Days on Market

7

Property Type

Condo

HOA/mo

$820

MLS ID

NDP2606277

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

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About This Property

Welcome to Ocean Pointe's premier penthouse residence! Here’s your opportunity to live the dream, with spectacular whitewater ocean and Agua Hedionda Lagoon views. This rare single-level home offers a wraparound balcony, direct access to the lagoon trail leading to Tamarack Beach, and the ultimate lock-and-leave coastal lifestyle. Move-in ready with new carpet, slate flooring, natural stone finishes, and soaring 12-foot ceilings. The chef's kitchen features a Viking commercial refrigerator, Thermador gas cooktop, Sub-Zero wine refrigerator, newer Asko dishwasher, and reverse osmosis system. The dual suite layout includes a spacious primary suite, featuring a jacuzzi tub, custom granite walk-in shower, and oak crown molding. A dedicated office, interior laundry with newer LG washer and dryer, extra storage areas, elevator access, and two adjacent secure underground parking spaces complete the home. Ocean Pointe offers gated security, elevator, resort-style pools, spas, BBQ areas, and easy access to the beach. Served by Jefferson Elementary (only .5 mile away!), Valley Middle, and Carlsbad High School, all within 2 miles. Less than 2 miles to Carlsbad Village, and only 4 miles to Legoland, the Flower Fields, Carlsbad Premium Outlets, and Crossings Golf Course. Less than half a mile to Tamarack Beach!

Mortgage Calculator

Est. Monthly Payment

$10,977

Principal & Interest$8,090
Property Tax$1,600
Insurance$467
HOA$820
%($320,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$5,366
Monthly Cashflow

Rent − PITIA

$-5,611
Full Cashflow

Incl. vacancy, PM, maint, capex

$-8,179

Mortgage (P+I)
$8,090
Cap Rate
-0.07%
Cash-on-Cash
-30.67%
DSCR

Need ≥ 1.25 for DSCR loan

0.49
Break-even Rent
$15,988

NOI (Annual)
$-1,062
Price-to-Rent

Lower = better for investors

24.8

* 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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