
4444 Adams Street
Dbottom 20%Carlsbad, CA 92008Neighborhood: Hedionda Point
16 licensed short-term rentals within ½ mile (16 whole home), from the cities' license and permit lists of Nov 10, 2026.
Pass at asking: -$23,288/mo full cashflow at 20% down, 7.43% rate.
Works at $764,856 (80% under asking); even all cash loses money at asking.
Rent $7,629/mo from 9 leases of 3-bed houses within 2 mi ($7,347–$9,567).
Beds
3
Baths
3.5
Sqft
4,238
Year Built
1996
Days on Market
45
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2608961
This property is in Carlsbad (92008). View neighborhood stats →
About This Property
Perched above Agua Hedionda Lagoon, this exceptional Carlsbad residence enjoys sweeping views of the lagoon, coastline and Pacific Ocean from nearly every room. Designed to embrace its elevated setting, this extraordinary home offers expansive indoor-outdoor living, generous entertaining spaces and a rare sense of privacy—all minutes from Carlsbad Village, beaches, Coast Highway, I-5 and Highway 78. The main-level great room centers around a grand fireplace and opens through a frameless glass NanaWall system to a covered view deck, creating a seamless connection between the interior and the water beyond. Skylights, ceiling heaters, a built-in BBQ with sink and cabinetry, custom wall fountain, and copper fire table make the deck an inviting setting for everyday living, entertaining and sunset evenings. The remodeled and expanded kitchen is both functional and distinctive, featuring two oversized islands, custom copper apron-front workstation sinks, Sub-Zero refrigerator/freezer, Dacor six-burner gas cooktop with statement copper hood, double wall ovens, wine and beverage refrigeration, and a coffee/drink bar with copper nautilus-shell sink. Extensive cabinetry, pullouts, drawer storage, spice storage and an integrated desk maximize organization and usability. The spacious primary suite captures the same remarkable water views and includes a fireplace, room for a sitting area or home fitness space, and a well-appointed bath with a view-oriented shower, jetted tub and walk-in closet. The lower level adds valuable flexibility with a large bonus room overlooking the lagoon and ocean. Complete with a wet bar, mini refrigerator, nearby full bath and separate exterior entry, this space is well suited for guests, extended stays, media, office or additional living needs. A remodeled laundry room includes high-capacity LG washer and dryer, abundant storage and an oversized utility sink that can also serve as a pet-washing station. Outside, the lower patio features a SwimSpa with attached hot tub, water views and a copper-bowl fire pit. A recently completed cobblestone courtyard and imported French fountain create a memorable and private entry experience. Thoughtfully improved while still offering room to personalize, this is a rare opportunity to enjoy an elevated coastal lifestyle overlooking one of Carlsbad’s most scenic natural settings.
Mortgage Calculator
Est. Monthly Payment
$25,998
Location
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Zoned Schools
Elementary
Kelly 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.
Comparable Properties
5 comps foundThis Property
$7,629
Comp Average
$8,614
4421 Highland
4bd / 3.5ba · 3,957 sqft · Single Family
$4.50M
Est. $8,571/mo
1571 Oak Avenue
4bd / 5ba · 4,080 sqft · Single Family
$5.29M
Est. $8,703/mo
3794 Highland
4bd / 4.5ba · 3,969 sqft · Single Family
$5.38M
Est. $8,524/mo
5211 Carlsbad Boulevard
4bd / 3.5ba · 3,298 sqft · Single Family
$5.00M
Est. $8,636/mo
5213 Carlsbad Boulevard
4bd / 3.5ba · 3,298 sqft · Single Family
$5.00M
Est. $8,636/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
9 leases of 3-bed houses within 2 mi · $7,347–$9,567
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$23,288/mo short at 20% down; +$30,244/mo rent closes it.
- Break-even price
- $764,856
- Break-even rent
- $37,873/mo
- Cashflow at 35% down
- −$19,333/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
80% under asking
$30,244/mo above the estimate
Negative even all-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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