502 Calle Montecito #18
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502 Calle Montecito #18

Btop 30%

Oceanside, CA 92057Neighborhood: North Valley

$414,000
STR closed · inland Oceanside

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 →

Virtual Tour

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

Principal & Interest$2,284
Property Tax$414
Insurance$121
HOA$600
%($82,800)
%
Loan Term

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.

Short-term not available here. Outside Oceanside's Coastal Zone: inland short-term rentals are banned. See the rules

Investment Score

50B
Est. Monthly Rent
$2,547

12 leases of 2-bed condos & townhomes within 1 mi · $2,406–$2,733

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$872
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,803

What would make this work?

$1,803/mo short at 20% down; 84% down or +$2,341/mo rent closes it.

Break-even price

57% under asking

$178,108
Break-even rent

$2,341/mo above the estimate

$4,888/mo
Cashflow at 35% down
−$1,375/mo
Down payment to break even

$347,760 cash

84%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,284
Cap Rate
1.76%
Cash-on-Cash
-26.13%
DSCR

Need ≥ 1.25 for DSCR loan

0.74

NOI (Annual)
$7,302
Price-to-Rent

Lower = better for investors

13.5

* 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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BCashflow−$1,803/mo