Carlsbad Downtown 92010: Cap Rate, GRM & Cashflow
92010 · Carlsbad · Updated
Central Carlsbad, between the Village and La Costa, with a mix of older single family homes and newer infill townhomes.
Active Listings
21
Median Price
$1.55M
Avg Rent
$4,995/mo
Avg Cashflow
-$5,377/mo
Avg Cap Rate
0.9%
Avg CoC
-30.4%
GRM (P/R Ratio)
24.5
Cashflow+ %
0%
Price Range
Highlights
- ✓Good access to I-5 and El Camino Real
- ✓Near the Calavera Hills trails and Lake Calavera
- ✓Infill development adding newer townhomes
By the numbers
From today's 21 active listings; default assumptions: 20% down, 7.49% rate, 30yr.
- ◈Median asking price $1,550,000 (21 listings), 61% above the San Diego market median of $960,000 (4,188 listings).
- ◈Median asking price by type: houses $1,665,000 (13 listings); condos and townhomes $745,000 (7 listings).
- ◈Median $711 per square foot (21 listings with square footage), 12% above the San Diego market's $636.
- ◈Among the 18 listings with HOA dues, the median is $365/mo, 23% below the San Diego market's $473/mo.
- ◈Median year built 1986 across 21 listings: 29% built before 1980, 48% in 2000 or later (the San Diego market: median 1987, 38% before 1980, 33% in 2000 or later).
- ◈Of 21 active listings, 7 (33%) are condos or townhomes.
- ◈None of the 21 listings shows positive full cashflow at the default assumptions, and none of the 4,188 listings across the San Diego market.
- ◈Median estimated rent $4,619/mo (21 listings), 8% above the San Diego market's $4,274/mo.
- ◈Closed 3-bedroom leases in the last 12 months: median $4,300/mo (13 leases), vs $4,298/mo across San Diego County (1,247 leases).
Demographics
Vibe
Mixed residential, convenient
Top Employers
Retail, small business, nearby biotech
Top 5 Listings by Score
| Address | Score | Price | Est. Rent | CF/mo |
|---|---|---|---|---|
| 2714 Via Juanita 4bd / 2.5ba · 1,716 sqft | A 58 | $729K | $4,679 | -$775 |
| 3534 Ridgewood Way 2bd / 2ba · 1,112 sqft | C 35 | $675K | $3,416 | -$1,702 |
| 2702 Via Plato 3bd / 2ba · 1,104 sqft | C 35 | $725K | $3,650 | -$1,775 |
| 2809 Via Cascada 3bd / 2ba · 1,104 sqft | C 33 | $745K | $3,690 | -$1,873 |
| 2812 Via Magia 2bd / 1.5ba · 912 sqft | C 31 | $650K | $3,041 | -$1,869 |
92010 cap rate and rent multiplier: common questions
- What is the cap rate in 92010 (Carlsbad Downtown)?
- Across 21 active listings in 92010 as of November 2, 2026, at our default assumptions (20% down, 7.49% rate, 30yr), the median modeled cap rate is 0.6% and the average is 0.9%. These are estimates built from rent estimates and standard operating expenses, not a measured market cap rate. Net operating income deducts 8% vacancy, 10% management, tax, insurance, HOA and 1% of price a year for upkeep (the CapEx reserve is not deducted), so it runs conservative, most of all on expensive homes.
- What is the gross rent multiplier in 92010?
- The average active listing in 92010 is priced at 24.5 times its estimated annual rent (average price $1,465,943, average estimated rent $4,995 a month as of November 2, 2026). That ratio is the gross rent multiplier, also called the price-to-rent ratio.
- Do rental properties in 92010 cash flow?
- 0 of 21 active listings in 92010 show non-negative monthly cashflow at our default assumptions (20% down, 7.49% rate, 30yr); the average is -$5,377 a month as of November 2, 2026. Cashflow depends on your own down payment, rate and expenses.
Comparing areas? See the San Diego real estate investing guide for county medians, DSCR and short-term rental rules.
Stats are computed from today's active listings. Default assumptions: 20% down, 7.49% rate, 30yr. Rents are estimated from closed MLS leases of comparable homes nearby.