5238 Carlsbad Boulevard

5238 Carlsbad Boulevard

D

Carlsbad, CA 92008

$2,750,000
NEW — 1d on market

Beds

2

Baths

2

Sqft

1,245

Year Built

1961

Days on Market

1

Property Type

Single Family

HOA/mo

$150

MLS ID

NDP2601503

Description

Ocean views in the lovely home situated in one of Carlsbad’s finest neighborhoods; Terramar, this charming two-bedroom, two-bath single-level beach bungalow offers about 1,200 sq ft of comfortable living on a flat 6,600 sq ft lot. An open-concept living, dining, and kitchen area creates a seamless flow; the kitchen features granite countertops, upgraded appliances, and an abundance of beautiful cabinetry. Plantation shutters and hardwood floors throughout the main living areas add warmth and character. The bright primary suite fills with natural light and provides generous closet storage, while the well-sized second bedroom features 2 closets. An additional sunroom brings extra living area for family use, or adapts easily to a guest room, home office, or hobby space. Outside, a fully fenced private yard offers a peaceful retreat with a large patio, chicken coop and covered RV parking area The detached garage, now a Man Cave includes epoxy flooring, built in cabinetry, sink, granite counter tops. Great potential for home office or an ADU. A recently poured slab behind the garage with a shed provides additional storage. Recent improvements include new exterior paint, a brand-new roof and gutters, and refreshed front and backyard patios. As a Terramar resident, you’ll enjoy gated, private beach access to one of San Diegos premier beaches plus a community shower and reserved seating areas available only to the handful of Terramar neighbors — perfect for relaxed beach days and stunning sunsets. This home has so much to offer as is or option to convert the garage to a studio for income or add a second level to the home to create expansive ocean views. All this is just minutes from downtown Carlsbad, Encinitas, Palomar Airport and freeways.

Mortgage Calculator

Est. Monthly Payment

$17,608

Principal & Interest$13,905
Property Tax$2,750
Insurance$802
HOA$150
%($550,000)
%

Investment Score

0D
Est. Monthly Rent

HUD Fair Market Rent

$2,881
Monthly Cashflow
$-17,681

Mortgage (P+I)
$13,905
Cap Rate
-1.65%
Cash-on-Cash
-38.58%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.21
Break-even Rent
$20,331

NOI (Annual)
$-45,304
Price-to-Rent

Lower = better for investors

79.5

* Defaults: 20% down, 6.5% rate, 30yr.

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