7315 San Luis Street
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7315 San Luis Street #235

A

Carlsbad, CA 92011

$200,000
NEW — 2d

Beds

2

Baths

2

Sqft

1,680

Year Built

1976

Days on Market

2

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

NDP2601307

This property is in Carlsbad (92011). View neighborhood stats →

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About This Property

Great opportunity to design and order your own custom-built brand-new home for around $200-225k, which is a lower price than many of the other homes are selling for in the community. Or you could renovate the existing home to save money & avoid property taxes. Premium location far from the railroad tracks in a quiet area that backs up to a tree lined greenbelt with plenty of space for a larger home. Welcome to Lakeshore Gardens, an exclusive 55+ community located west of I-5 just blocks from Carlsbad State Beach. This luxury manufactured home community offers beach living with a Country Club feeling. Located on 54 acres of peaceful park-like grounds with lush landscaping, greenbelts, mature trees, walking paths & 10 small lakes providing habitat for various birds, turtles, and other aquatic life. Nature lovers have the best of all worlds here! The engaging 2 story clubhouse has a list of amenities to rival a vacation resort. The first story has a fabulous library, recreation room with a stage, & commercial grade kitchen. The second story offers a card room with fireplace, billiard room & a spacious balcony to enjoy sunset views toward the ocean. Just below a large patio area with fountain, fire pit, & outdoor fireplace provide an exciting area to socialize. A heated pool & spa, ping pong table, & a well equipped fitness center to stay strong & healthy. RV parking onsite. There many activities so residents can find friendship & companionship while attending events they enjoy. Activities include card games, bingo, monthly breakfasts, weekly potlucks, craft groups, golf groups, ladies luncheons & much more! Ideal for retirees or those looking to downsize without giving up the coastal lifestyle. Located just a short walk from a full shopping center with grocery, dining, and shopping. The fully enclosed, gated community offers a quiet, neighborly atmosphere perfect for full-time living, or a lock-and-leave lifestyle. Land is leased at $2,675 per month, and the current home is on Registration, so no property taxes. Owner recently had a disability tub/shower with rain head installed, and the current home could be renovated rather than replaced. This is the ideal situation to enjoy the Carlsbad beach lifestyle without the 2 million dollar price tag associated with traditional homes in the area. Walk to the beach!

Mortgage Calculator

Est. Monthly Payment

$1,270

Principal & Interest$1,011
Property Tax$200
Insurance$58
%($40,000)
%

Location

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Investment Score

82A
Est. Monthly Rent
$1,300
Monthly Cashflow

Rent − PITIA

+$31
Full Cashflow

Incl. vacancy, PM, maint, capex

$-435

Mortgage (P+I)
$1,011
Cap Rate
3.46%
Cash-on-Cash
-13.05%
DSCR

Need ≥ 1.25 for DSCR loan

1.02
Break-even Rent
$1,865

NOI (Annual)
$6,916
Price-to-Rent

Lower = better for investors

12.8

* 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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