
502 Calle Montecito #18
Btop 30%Oceanside, CA 92057Neighborhood: North Valley
3 licensed short-term rentals within ½ mile (3 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$1,803/mo full cashflow at 20% down, 7.36% rate.
Works at $178,108 (57% under asking), or at 84% down.
Rent $2,547/mo from 12 leases of 2-bed condos & townhomes within 1 mi ($2,406–$2,733).
Beds
2
Baths
2
Sqft
856
Year Built
1985
Days on Market
122
Property Type
Condo
HOA/mo
$600
MLS ID
NDP2606694
This property is in Oceanside (92057). Browse neighborhood analytics →
About This Property
Welcome to this bright, top-floor 2 bedroom, 2 bath condo featuring an open living and dining area, abundant afternoon sunlight, and a spacious west facing covered balcony ideal for enjoying the evening and beautiful sunset skies. The attractive interior offers neutral finishes and luxury vinyl plank flooring installed approximately one year ago. The kitchen features granite countertops, stainless-steel appliances, and ample storage, with all kitchen appliances included in the sale. The primary bedroom includes a private en-suite bathroom, separate vanity area, and a generous walk-in closet. The second bedroom and additional full bathroom are ideal for guests, family, or a home office. A dedicated laundry closet is conveniently located on the balcony and includes washer and dryer hookups. To top it off, a clean termite report was recently completed for further peace of mind! Additional features include an assigned covered carport space (N-2), guest and street parking, and convenient access to the community pool and spa which are just steps away. Nearby Libby Lake Park offers a lake, walking paths, picnic areas, and playgrounds for kids. From peaceful sunset evenings on the balcony to relaxing afternoons by the pool or at the nearby park, this condo offers an amazing combination of comfort, convenience, and Southern California living. Some listing photos have been digitally staged to help showcase the possibilities. Schedule your private showing to experience the space in person, and imagine making it your own!
Mortgage Calculator
Est. Monthly Payment
$3,419
Location
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Zoned Schools
Elementary
Libby Elementary · grades K-5 · Oceanside Unified
Middle
Cesar Chavez Middle · grades 6-8 · Oceanside Unified
High
El Camino High · grades 9-12 · Oceanside Unified
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
$2,547
Comp Average
$2,598
509 Calle Montecito
2bd / 1ba · 806 sqft · Condo
$350K
Est. $2,708/mo

510 Calle Montecito
2bd / 1ba · 806 sqft · Condo
$359K
Est. $2,483/mo
Oceanside
2bd / 2ba · 856 sqft · Condo
$417K
Est. $2,746/mo
513 Calle Montecito
2bd / 2ba · 856 sqft · Condo
$400K
Est. $2,547/mo
505 Calle Montecito
2bd / 2ba · 856 sqft · Condo
$425K
Est. $2,507/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Short-term not available here. Outside Oceanside's Coastal Zone: inland short-term rentals are banned. See the rules
Investment Score
12 leases of 2-bed condos & townhomes within 1 mi · $2,406–$2,733
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,803/mo short at 20% down; 84% down or +$2,341/mo rent closes it.
- Break-even price
- $178,108
- Break-even rent
- $4,888/mo
- Cashflow at 35% down
- −$1,375/mo
- Down payment to break even
- 84%
- Rate to break even
- Not reachable
57% under asking
$2,341/mo above the estimate
$347,760 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% 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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