7538 Gibraltar Street

7538 Gibraltar Street #D

D

Carlsbad, CA 92009

$805,000

Soft Appraisal Value: $796,700 · 1.0% above estimate

Beds

3

Baths

2

Sqft

1,339

Year Built

1975

Days on Market

80

Property Type

Condo

HOA/mo

$396

MLS ID

NDP2600466

Description

This beautiful home nestled behind La Costa Golf Course has ample space, tons of natural light, vaulted ceilings, high rent potential, and a lofty modern feel. It’s everything you’re looking for including a 2 car garage and a gated community. This 3-bedroom, 2-bath home (configured as 2 bedrooms plus a flexible office or optional bedroom) features large windows and an elevated position that fills the home with natural light while showcasing the lush greenery of La Costa and the Golfcrest community. The open concept kitchen and living spaces are on the top floor with soaring ceilings and windows that bring in all the natural light. Recent updates include brand new appliances, refreshed cabinetry, expanded counter space, and upgraded lighting. Just off the kitchen, the 3rd bedroom is the perfect space for a home office, creative studio, or additional bedroom. Enjoy your private balcony surrounded by leafy treetop views and partial glimpses of the golf course, an ideal spot for morning coffee or relaxing at the end of the day. On the main level you’ll find the primary bedroom with ensuite bath and a secondary bedroom and bath that are fully separated from the main living spaces, offering privacy and a quiet retreat. The home also includes a dedicated laundry room and an attached two-car garage with extra storage. Enjoy a well-maintained community centered around a gated, garden-style courtyard with mature landscaping, a pool, and a peaceful, resort-like atmosphere. Conveniently located just minutes from shopping, dining, golf, top resorts, and some of North County’s most beautiful beaches, and within the highly regarded Encinitas Union School District. Take this opportunity to enjoy relaxed coastal living in a sought-after North County neighborhood.

Mortgage Calculator

Est. Monthly Payment

$5,506

Principal & Interest$4,071
Property Tax$805
Insurance$235
HOA$396
%($161,000)
%

Investment Score

5D
Est. Monthly Rent
$4,327
Monthly Cashflow

Rent − PITIA

$-1,180
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,846

Mortgage (P+I)
$4,071
Cap Rate
1.83%
Cash-on-Cash
-21.21%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.79
Break-even Rent
$8,023

NOI (Annual)
$14,699
Price-to-Rent

Lower = better for investors

15.5

* 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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