7559 Gibraltar Street

7559 Gibraltar Street

D

Carlsbad, CA 92009

$749,000
NEW — 1d on market

Beds

2

Baths

2

Sqft

1,127

Year Built

1975

Days on Market

1

Property Type

Condo

HOA/mo

$640

MLS ID

NDP2601713

Description

This light, bright home has been beautifully updated with contemporary touches throughout. Featuring 2-bedrooms and, 2 baths, this corner unit is located on the top floor of this 16 unit complex, offering plenty of natural light through updated dual-paned windows and large, sliding glass doors from the 2 back balconies. From the moment you enter this home your eyes will be drawn to the view overlooking the 15th Tee and 13th & 14th holes of the Omni La Costa Resort Golf Course! Evening sunsets can be breathtaking! The remodeled kitchen includes white shaker cabinetry, granite countertops, mosaic tiled backsplash, stainless appliances and extensive storage cabinets. Luxury vinyl plank flooring has been installed through most of the home with carpet in the living room.The spacious Primary bedroom with updated dual-pane sliding glass doors gives access to the private front courtyard making it a great outdoor space to enjoy your morning coffee. The en-suite bathroom has 2 separate vanities and sinks, an updated walk-in shower, plenty of linen storage and an area for a stackable washer/dryer (current washer/dryer do not convey). The complex also has a community laundry room located on the 1st floor adjacent to the elevator. The Secondary bedroom has a built-in “Murphy” bed, a walk-in closet updated with lots of shelves for storage and a 3rd patio/balcony with direct views overlooking the golf course. There is an additional bathroom conveniently located just off the guest bedroom. Other features include a gated parking garage with two dedicated spaces and storage cabinets above. The Gibraltar Villas building has been tastefully updated over the past several years. It has an elevator (recently refurbished), a new master electrical panel, a modernized and upgraded fire-alarm system and ground floor, exterior security cameras. This complex has very nice curb appeal with large trees shading the building. Common area landscaping is included in the HOA fee as is sewer, water and trash. Close to all—highly rated schools, shopping, movies, popular restaurants and only 5 minutes from the beach and trails.

Mortgage Calculator

Est. Monthly Payment

$5,395

Principal & Interest$3,787
Property Tax$749
Insurance$218
HOA$640
%($149,800)
%

Investment Score

3D
Est. Monthly Rent

HUD Fair Market Rent

$3,780
Monthly Cashflow
$-3,108

Mortgage (P+I)
$3,787
Cap Rate
1.09%
Cash-on-Cash
-24.90%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

1.00
Break-even Rent
$6,586

NOI (Annual)
$8,153
Price-to-Rent

Lower = better for investors

16.5

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

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