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4049 Carmel View Rd #75
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4049 Carmel View Rd #75

Ctop 80%

Carmel Valley, CA 92130

$599,900
STR-eligible · San Diego Tier 3 · TOT 11.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

10 licensed short-term rentals within ½ mile (3 whole home), from the cities' license and permit lists of Nov 1, 2026.

1 short-term rental license on file in this 52-unit complex, so its HOA has allowed them. Confirm in the CC&Rs: an HOA can ban stays under 30 days (Civ. Code §4741).

Pass at asking: -$2,917/mo full cashflow at 20% down, 7.49% rate.

Works at $221,631 (63% under asking), or at 90% down.

Rent $2,805/mo from 35 leases of studio–2 bed condos & townhomes within 0.5 mi, same school area ($2,765–$3,029).

Beds

1

Baths

1

Sqft

742

Year Built

1987

Days on Market

230

Property Type

Condo

HOA/mo

$450

MLS ID

260006059SD

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

About This Property

Beautifully updated 1 BD/1BA condo in the desirable Arborlake complex in Carmel Valley. First floor walk-up unit with a private gated patio. Open floor plan. The complex features a beautiful lake, fountains & waterfalls, walkways, pool & spa, and tennis courts. Conveniently located close to Del Mar Highlands, One Paseo, highly acclaimed schools, Del Mar, beaches & freeway access!

Mortgage Calculator

Est. Monthly Payment

$4,577

Principal & Interest$3,352
Property Tax$600
Insurance$175
HOA$450
%($119,980)
%
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.

Comparable Properties

5 comps found

This Property

$2,805

vs

Comp Average

$2,807

4015 Carmel View Rd 179

4015 Carmel View Rd 179

1bd / 1ba · 742 sqft · Condo

$539K

Est. $2,807/mo

12570 Carmel Creek Road

12570 Carmel Creek Road

1bd / 1ba · 638 sqft · Condo

$575K

Est. $2,702/mo

12360 Carmel Country Rd

12360 Carmel Country Rd

1bd / 1ba · 783 sqft · Condo

$615K

Est. $2,815/mo

12253 Carmel Vista Rd.

12253 Carmel Vista Rd.

1bd / 1ba · 791 sqft · Condo

$594K

Est. $2,807/mo

No img

12291 Carmel Vista Rd

1bd / 1ba · 791 sqft · Condo

$629K

Est. $2,903/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

32C
Est. Monthly Rent
$2,805

35 leases of studio–2 bed condos & townhomes within 0.5 mi, same school area · $2,765–$3,029

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,772
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,917

What would make this work?

$2,917/mo short at 20% down; 90% down or +$3,789/mo rent closes it.

Break-even price

63% under asking

$221,631
Break-even rent

$3,789/mo above the estimate

$6,594/mo
Cashflow at 35% down
−$2,289/mo
Down payment to break even

$539,910 cash

90%
Rate to break even

Negative even at a 0% loan

Not reachable
Mortgage (P+I)
$3,352
Cap Rate
1.15%
Cash-on-Cash
-29.18%
DSCR

Need ≥ 1.25 for DSCR loan

0.61
NOI (Annual)
$6,903
Price-to-Rent

Lower = better for investors

17.8

* 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−$2,917/mo