5238 Carlsbad Boulevard

5238 Carlsbad Boulevard

D

Carlsbad, CA 92008

$2,595,000

Soft Appraisal Value: $2,460,300 · 5.5% above estimate

Beds

2

Baths

2

Sqft

1,245

Year Built

1961

Days on Market

46

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, living here isn't just living in a home, its creating the ultimate San Diego lifestyle of beach, sunsets, and community. This charming two-bedroom, two-bath single-level beach home offers about 1,245 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

$16,624

Principal & Interest$13,122
Property Tax$2,595
Insurance$757
HOA$150
%($519,000)
%

Investment Score

0D
Est. Monthly Rent
$4,275
Monthly Cashflow

Rent − PITIA

$-12,349
Full Cashflow

Incl. vacancy, PM, maint, capex

$-15,494

Mortgage (P+I)
$13,122
Cap Rate
-1.10%
Cash-on-Cash
-35.83%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.26
Break-even Rent
$24,398

NOI (Annual)
$-28,473
Price-to-Rent

Lower = better for investors

50.6

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

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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