725 Grand Avenue

725 Grand Avenue

D

Carlsbad, CA 92008

$1,249,000

Beds

2

Baths

2

Sqft

1,206

Year Built

2019

Days on Market

88

Property Type

Condo

HOA/mo

$657

MLS ID

NDP2511062

Description

Live in the heart of Carlsbad Village in a quiet luxury complex just blocks to the beach! Experience city life in this modern single level with elevator located in the perfect spot in the village with minimal noise and maximum livability. The modern open floor plan features a dining area, huge kitchen with island, living room and a large deck overlooking the future Carlsbad Grand Ave Promenade. Enjoy quartz countertops, luxury flooring, white shaker cabinetry with soft close doors, chef's kitchen with island, 2 counters that accommodate 8 bar stools for the ultimate entertaining experience. This gorgeous home offers custom paint, designer energy efficient LED lighting and mirrors, Hunter Douglas Sonnette Power View motorized blinds & custom plantation shutters, Bertazzoni Master Series appliances including 4 burner gas range, French door refrigerator + Sharp microwave drawer, full-size washer & dryer in-unit laundry & bonus of 2 additional storage closets off the private deck & walk-in storage closet in the breezeway. The primary bedroom has a slider to the balcony and the primary bath has a large walk in shower, a heated Toto and towel warmer, and a large walk-in closet. The second bedroom features a custom-built murphy bed, closets and office space. The home was built with style and comfort and has upgraded sound proofing so the city and neighbors are almost unnoticeable. This is such a great small complex with elevator in a surprisingly quiet area with great walkability! A new grocery store is being built right across the street. Walk to the beach, post office, bars and restaurants or just enjoy a sunset on the balcony with this rare opportunity!

Mortgage Calculator

Est. Monthly Payment

$8,586

Principal & Interest$6,316
Property Tax$1,249
Insurance$364
HOA$657
%($249,800)
%

Investment Score

1D
Est. Monthly Rent

Zillow Rent Zestimate

$4,606
Monthly Cashflow
$-6,080

Mortgage (P+I)
$6,316
Cap Rate
0.23%
Cash-on-Cash
-29.21%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.73
Break-even Rent
$10,317

NOI (Annual)
$2,829
Price-to-Rent

Lower = better for investors

22.6

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

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