7004 San Bartolo St · Carlsbad, CA 92011

$249,000

2 bd · 2.0 ba · 1,536 sqft · Manufactured · 194 Days on market

Built 1972 Good condition $162/sqft · 35% below area Est $380k · 35% under ↓ 29% since listing

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Why this score? — see what drove the A grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +6.5/10.0
• Appreciation +5.9/10.0
• Condition / age +4.0/5.0
• Livability +3.9/5.0
• Rent growth +3.4/5.0

Listing remarks MLS

Updated and lovingly maintained 2 bedroom, 2 bath home in the prestigious 55+ community of Lakeshore Gardens! Remodeled kitchen with granite counter tops, tiled backsplash, stainless steel gas range, microwave, dishwasher and refrigerator. Extensive cabinets and bar style seating! Open concept floor plan. Hardwood laminate flooring and tiled kitchen and bathrooms. Expanded dual pane living room windows and rare corner fireplace! Ceiling fans in living and grand rooms. Oversized shower and separate tub in main bathroom. Open hutch across from dining area for additional storage. Crown molding throughout! Double doors to spacious covered deck. Unique rear and side yard which back up to a forested green belt making it peaceful, private & perfect for relaxing! Lakeshore Gardens is an active 55+, luxury manufactured home community located in Carlsbad! It is located on 54 acres of land, has 384 home sites, & 10 small lakes. Lush landscaping, greenbelts & mature trees throughout, giving the community a park-like feel. The ponds are home to turtles & many fish. Nature lovers have the best of all worlds here! The expansive 2 story clubhouse has a country club feel. The upper-level offers a card room with fireplace, billiard room & a beautiful balcony to enjoy ocean views. Lower level has a fabulous library, recreation room with a stage, commercial grade kitchen & restrooms. A large patio with fountain, fire pit, & outdoor fireplace just outside of the community room. A gated heated pool & spa, beautiful gym, ping pong table, RV parking & more. The entire park is enclosed with a 6 ft wall and security gates. So many activities in the community, almost daily, 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! You can be as active as you choose, right here at Lakeshore Gardens!

Key facts

• Expanded windows
• Corner gas fireplace
• Granite counter tops

Tags

• REMODELED CENTRAL KITCHEN
• GRANITE COUNTER TOPS
• STAINLESS STEEL GAS RANGE
• OPEN CONCEPT FLOOR PLAN
• EXPANDED WINDOWS
• CORNER GAS FIREPLACE

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $249k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $3k ($33k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($6k rent vs $249k).
• Recommended offer: $219k (12.0% below list) — sets the bar for market timing.
• Cap rate 19.7% vs local median 2.1% in Carlsbad — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 78/100 on livability (#67 in CA, #2,526 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, amenities A+, commute A+; Watch: health & safety D+, cost of living F.
• Carlsbad Unified (urban): math 68% / reading 76% proficiency, ranked #87 of 1,400 in CA (top 6%) — strong family-tenant draw, lease renewals of 3-5y typical; only 18% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising (+3.5%/yr); 97 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 11,759 units permitted in San Diego County in 2024 (7,244 in 5+ unit buildings).
• This rent runs 43% of the median local income ($159k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $6k of equity ($2k loan paydown + $4k appreciation (1.8% local appreciation)).
• San Diego County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (1.8% appreciation + 3.5% rent growth), your $70k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 194 days — a 12% lower offer ($219k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago; this cycle's ask has dropped $90k (27%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $219,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 194 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 2.29% ✓
• Cap rate: 19.69%
• Cash-on-cash: 47.86%
• DSCR: 3.13
• GRM: 3.6

CMA / ARV

• ARV (median comp): $380,342
• List price: $249,000
• Delta: -34.53%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7024 San Bartolo Unit 19 A	0.16mi	3/2.0 (+1)	1,544 (+0%)	2mo	$425,000	$275	85
7203 San Luis St #166	0.17mi	2/2.5	1,536 (0%)	9mo	$375,000	$244	82
7018 San Carlos St #60	0.09mi	2/2.0	1,440 (-6%)	6mo	$392,000	$272	80
7106 Santa Cruz #56	0.18mi	2/2.0	1,464 (-5%)	9mo	$390,000	$266	76
7140 Santa Rosa St	0.19mi	2/2.0	1,440 (-6%)	6mo	$191,000	$133	75
7224 San Benito St	0.28mi	2/2.0	1,600 (+4%)	9mo	$400,000	$250	72
7207 Santa Barbara St #154	0.16mi	3/2.0 (+1)	1,656 (+8%)	3mo	$513,300	$310	72
7304 Santa Barbara St #325	0.39mi	2/2.0	1,512 (-2%)	9mo	$481,000	$318	72
7217 San Luis St #173	0.24mi	2/2.0	1,440 (-6%)	10mo	$280,000	$194	70
7313 San Luis St #236	0.47mi	3/2.0 (+1)	1,548 (+1%)	5mo	$450,000	$291	68
7318 San Luis St	0.52mi	2/2.0	1,440 (-6%)	9mo	$285,000	$198	58
7311 San Luis St #237	0.50mi	3/2.0 (+1)	1,359 (-12%)	1mo	$236,550	$174	52

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

1.75% appreciation · 3.54% rent growth · sell at horizon

5-year hold

• IRR: 52.0%
• Equity multiple: 3.79×
• Total profit: $194,199
• Equity at exit: $94,844

10-year hold

• IRR: 53.1%
• Equity multiple: 7.73×
• Total profit: $468,918
• Equity at exit: $134,035

Cash invested: $69,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 92011

• Home prices YoY: 0.4%
• Rents YoY: 3.5%
• Active inventory: 97
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $5,698 high
• Mortgage (P&I): −$1,306
• Tax est. 1.5%: −$311 /mo · $3,735/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,197
• Net cashflow: $2,781

Break-even live

Break-even rent $2,178

Max offer price $249,000

Occupancy floor 46%

Sensitivity live

Price	-10% $2,953	-5% $2,867	+0% $2,781	+5% $2,695	+10% $2,608
Rent	-10% $2,330	-5% $2,555	+0% $2,781	+5% $3,006	+10% $3,231
Rate	-1.0pp $2,906	-0.5pp $2,844	base $2,781	+0.5pp $2,716	+1.0pp $2,650

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $62,250
• Closing costs: $7,470
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7064 Whitewater St Carlsbad, CA	3.0	2.5	2050	$8,500	$4.15	44d	1	0.16mi
6923 Whitecap Dr Carlsbad, CA	3.0	2.0	1246	$5,250	$4.21	44d	1	0.39mi
820 Windcrest Dr Carlsbad, CA	3.0	2.0	1404	$5,581	$3.98	19d	1	0.52mi
6790 Embarcadero Ln Carlsbad, CA	1.0–2.0	2.0–2.5	2104	$5,750	$2.73	6d	1	0.57mi
6910 Peachtree Rd Unit 1546353P Carlsbad, CA	3.0	2.0	1399	$6,129	$4.38	17d	1	0.75mi
6811 Alderwood Dr Carlsbad, CA	2.0	2.0	1292	$3,850	$2.98	44d	1	0.79mi
916 Caminito Estrada Unit B Carlsbad, CA	2.0	2.0	1188	$3,650	$3.07	44d	1	0.86mi
925 Wind Drift Dr Carlsbad, CA	2.0	2.5	1110	$3,895	$3.51	44d	1	1.02mi
6555 Sea Gate Rd Carlsbad, CA	2.0	2.0	1114	$4,095	$3.67	2d	3	1.05mi
1967 N Vulcan Ave Encinitas, CA	1.0–2.0	1.0–2.0	931	$5,359	$5.76	0d	6	1.42mi

Listing history 26 events

1. 2026-06-21
   days on market $249,000 Active 194 DOM
2. 2026-06-18
   days on market $249,000 Active 191 DOM
3. 2026-06-17
   days on market $249,000 Active 190 DOM
4. 2026-06-16
   days on market $249,000 Active 189 DOM
5. 2026-06-15
   days on market $249,000 Active 188 DOM
6. 2026-06-13
   days on market $249,000 Active 186 DOM
7. 2026-06-13
   days on market $249,000 Active 185 DOM
8. 2026-06-09
   days on market $249,000 Active 182 DOM
9. 2026-06-08
   days on market $249,000 Active 181 DOM
10. 2026-06-07
    days on market $249,000 Active 180 DOM
11. 2026-06-04
    days on market $249,000 Active 177 DOM
12. 2026-06-03
    days on market $249,000 Active 176 DOM
13. 2026-06-02
    days on market $249,000 Active 175 DOM
14. 2026-06-01
    days on market $249,000 Active 174 DOM
15. 2026-05-31
    days on market $249,000 Active 173 DOM
16. 2026-05-07
    price $249,000 2032-char remark

    Show marketing remark (2032 chars)

    Updated and lovingly maintained 2 bedroom, 2 bath home in the prestigious 55+ community of Lakeshore Gardens! Remodeled kitchen with granite counter tops, tiled backsplash, stainless steel gas range, microwave, dishwasher and refrigerator. Extensive cabinets and bar style seating! Open concept floor plan. Hardwood laminate flooring and tiled kitchen and bathrooms. Expanded dual pane living room windows and rare corner fireplace! Ceiling fans in living and grand rooms. Oversized shower and separate tub in main bathroom. Open hutch across from dining area for additional storage. Crown molding throughout! Double doors to spacious covered deck. Unique rear and side yard which back up to a forested green belt making it peaceful, private & perfect for relaxing! Lakeshore Gardens is an active 55+, luxury manufactured home community located in Carlsbad! It is located on 54 acres of land, has 384 home sites, & 10 small lakes. Lush landscaping, greenbelts & mature trees throughout, giving the community a park-like feel. The ponds are home to turtles & many fish. Nature lovers have the best of all worlds here! The expansive 2 story clubhouse has a country club feel. The upper-level offers a card room with fireplace, billiard room & a beautiful balcony to enjoy ocean views. Lower level has a fabulous library, recreation room with a stage, commercial grade kitchen & restrooms. A large patio with fountain, fire pit, & outdoor fireplace just outside of the community room. A gated heated pool & spa, beautiful gym, ping pong table, RV parking & more. The entire park is enclosed with a 6 ft wall and security gates. So many activities in the community, almost daily, 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! You can be as active as you choose, right here at Lakeshore Gardens!

17. 2026-02-19
    price $309,000 2032-char remark

    Show marketing remark (2032 chars)

    Updated and lovingly maintained 2 bedroom, 2 bath home in the prestigious 55+ community of Lakeshore Gardens! Remodeled kitchen with granite counter tops, tiled backsplash, stainless steel gas range, microwave, dishwasher and refrigerator. Extensive cabinets and bar style seating! Open concept floor plan. Hardwood laminate flooring and tiled kitchen and bathrooms. Expanded dual pane living room windows and rare corner fireplace! Ceiling fans in living and grand rooms. Oversized shower and separate tub in main bathroom. Open hutch across from dining area for additional storage. Crown molding throughout! Double doors to spacious covered deck. Unique rear and side yard which back up to a forested green belt making it peaceful, private & perfect for relaxing! Lakeshore Gardens is an active 55+, luxury manufactured home community located in Carlsbad! It is located on 54 acres of land, has 384 home sites, & 10 small lakes. Lush landscaping, greenbelts & mature trees throughout, giving the community a park-like feel. The ponds are home to turtles & many fish. Nature lovers have the best of all worlds here! The expansive 2 story clubhouse has a country club feel. The upper-level offers a card room with fireplace, billiard room & a beautiful balcony to enjoy ocean views. Lower level has a fabulous library, recreation room with a stage, commercial grade kitchen & restrooms. A large patio with fountain, fire pit, & outdoor fireplace just outside of the community room. A gated heated pool & spa, beautiful gym, ping pong table, RV parking & more. The entire park is enclosed with a 6 ft wall and security gates. So many activities in the community, almost daily, 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! You can be as active as you choose, right here at Lakeshore Gardens!

18. 2025-12-10
    listed $339,000 Active 2032-char remark

    Show marketing remark (2032 chars)

    Updated and lovingly maintained 2 bedroom, 2 bath home in the prestigious 55+ community of Lakeshore Gardens! Remodeled kitchen with granite counter tops, tiled backsplash, stainless steel gas range, microwave, dishwasher and refrigerator. Extensive cabinets and bar style seating! Open concept floor plan. Hardwood laminate flooring and tiled kitchen and bathrooms. Expanded dual pane living room windows and rare corner fireplace! Ceiling fans in living and grand rooms. Oversized shower and separate tub in main bathroom. Open hutch across from dining area for additional storage. Crown molding throughout! Double doors to spacious covered deck. Unique rear and side yard which back up to a forested green belt making it peaceful, private & perfect for relaxing! Lakeshore Gardens is an active 55+, luxury manufactured home community located in Carlsbad! It is located on 54 acres of land, has 384 home sites, & 10 small lakes. Lush landscaping, greenbelts & mature trees throughout, giving the community a park-like feel. The ponds are home to turtles & many fish. Nature lovers have the best of all worlds here! The expansive 2 story clubhouse has a country club feel. The upper-level offers a card room with fireplace, billiard room & a beautiful balcony to enjoy ocean views. Lower level has a fabulous library, recreation room with a stage, commercial grade kitchen & restrooms. A large patio with fountain, fire pit, & outdoor fireplace just outside of the community room. A gated heated pool & spa, beautiful gym, ping pong table, RV parking & more. The entire park is enclosed with a 6 ft wall and security gates. So many activities in the community, almost daily, 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! You can be as active as you choose, right here at Lakeshore Gardens!

19. 2025-01-31
    soldstatus $312,500 Sold 2166-char remark

    Show marketing remark (2166 chars)

    Desirable location and updated 2 bd, 2 ba beach home that is priced to sell! It is amazingly close to the beach & shopping! It features an open concept floor plan with a remodeled central kitchen with granite counter tops, new gas range, microwave & dishwasher with a newer refrigerator. You'll love all the cabinets and bar seating. The living room is bright and cheery with the large windows and features a corner gas fireplace! If you enjoy outdoor space this home has it all. A large, covered deck, a very unique rear and side yard that back up to a forested green belt that makes it peaceful, private & perfect for relaxing! Located in beautiful Lakeshore Gardens, one of the most desirable 55+ beach communities in So. Cal. ! Isn't it time to start living your dream! Lakeshore Gardens is an active 55+, luxury manuf. home community located in Carlsbad, steps to the beach the park is located on 54 acres of land, has 384 home sites, & 10 small lakes. There is lush landscaping, greenbelts & mature trees throughout, giving the community a park-like feel. The ponds are home to turtles & many fish. Nature lovers have the best of all worlds here! The appr. 14,000 sq. ft, 2 story club house has a country club feel. The upper-level houses an office, lobby, card room with fireplace, billiard room & a beautiful balcony to enjoy ocean views. Lower level has a fabulous library, recreation room with a stage, commercial grade kitchen & restrooms. A large patio with fountain, fire pit, & outdoor fireplace adjoins the community room, which is used for many events. There is a heated pool & spa on the property. Saunas, a beautiful gym, ping pong table, RV parking & more. The entire park is enclosed with a 6 ft wall, security gates. There are many activities in the community, almost daily, 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! You can be as active as you choose, right here at Lakeshore Gardens!

20. 2025-01-09
    status Pending 2166-char remark

    Show marketing remark (2166 chars)

    Desirable location and updated 2 bd, 2 ba beach home that is priced to sell! It is amazingly close to the beach & shopping! It features an open concept floor plan with a remodeled central kitchen with granite counter tops, new gas range, microwave & dishwasher with a newer refrigerator. You'll love all the cabinets and bar seating. The living room is bright and cheery with the large windows and features a corner gas fireplace! If you enjoy outdoor space this home has it all. A large, covered deck, a very unique rear and side yard that back up to a forested green belt that makes it peaceful, private & perfect for relaxing! Located in beautiful Lakeshore Gardens, one of the most desirable 55+ beach communities in So. Cal. ! Isn't it time to start living your dream! Lakeshore Gardens is an active 55+, luxury manuf. home community located in Carlsbad, steps to the beach the park is located on 54 acres of land, has 384 home sites, & 10 small lakes. There is lush landscaping, greenbelts & mature trees throughout, giving the community a park-like feel. The ponds are home to turtles & many fish. Nature lovers have the best of all worlds here! The appr. 14,000 sq. ft, 2 story club house has a country club feel. The upper-level houses an office, lobby, card room with fireplace, billiard room & a beautiful balcony to enjoy ocean views. Lower level has a fabulous library, recreation room with a stage, commercial grade kitchen & restrooms. A large patio with fountain, fire pit, & outdoor fireplace adjoins the community room, which is used for many events. There is a heated pool & spa on the property. Saunas, a beautiful gym, ping pong table, RV parking & more. The entire park is enclosed with a 6 ft wall, security gates. There are many activities in the community, almost daily, 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! You can be as active as you choose, right here at Lakeshore Gardens!

21. 2025-01-09
    status Active 2166-char remark

    Show marketing remark (2166 chars)

    Desirable location and updated 2 bd, 2 ba beach home that is priced to sell! It is amazingly close to the beach & shopping! It features an open concept floor plan with a remodeled central kitchen with granite counter tops, new gas range, microwave & dishwasher with a newer refrigerator. You'll love all the cabinets and bar seating. The living room is bright and cheery with the large windows and features a corner gas fireplace! If you enjoy outdoor space this home has it all. A large, covered deck, a very unique rear and side yard that back up to a forested green belt that makes it peaceful, private & perfect for relaxing! Located in beautiful Lakeshore Gardens, one of the most desirable 55+ beach communities in So. Cal. ! Isn't it time to start living your dream! Lakeshore Gardens is an active 55+, luxury manuf. home community located in Carlsbad, steps to the beach the park is located on 54 acres of land, has 384 home sites, & 10 small lakes. There is lush landscaping, greenbelts & mature trees throughout, giving the community a park-like feel. The ponds are home to turtles & many fish. Nature lovers have the best of all worlds here! The appr. 14,000 sq. ft, 2 story club house has a country club feel. The upper-level houses an office, lobby, card room with fireplace, billiard room & a beautiful balcony to enjoy ocean views. Lower level has a fabulous library, recreation room with a stage, commercial grade kitchen & restrooms. A large patio with fountain, fire pit, & outdoor fireplace adjoins the community room, which is used for many events. There is a heated pool & spa on the property. Saunas, a beautiful gym, ping pong table, RV parking & more. The entire park is enclosed with a 6 ft wall, security gates. There are many activities in the community, almost daily, 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! You can be as active as you choose, right here at Lakeshore Gardens!

22. 2025-01-01
    historical 2166-char remark

    Show marketing remark (2166 chars)

    Desirable location and updated 2 bd, 2 ba beach home that is priced to sell! It is amazingly close to the beach & shopping! It features an open concept floor plan with a remodeled central kitchen with granite counter tops, new gas range, microwave & dishwasher with a newer refrigerator. You'll love all the cabinets and bar seating. The living room is bright and cheery with the large windows and features a corner gas fireplace! If you enjoy outdoor space this home has it all. A large, covered deck, a very unique rear and side yard that back up to a forested green belt that makes it peaceful, private & perfect for relaxing! Located in beautiful Lakeshore Gardens, one of the most desirable 55+ beach communities in So. Cal. ! Isn't it time to start living your dream! Lakeshore Gardens is an active 55+, luxury manuf. home community located in Carlsbad, steps to the beach the park is located on 54 acres of land, has 384 home sites, & 10 small lakes. There is lush landscaping, greenbelts & mature trees throughout, giving the community a park-like feel. The ponds are home to turtles & many fish. Nature lovers have the best of all worlds here! The appr. 14,000 sq. ft, 2 story club house has a country club feel. The upper-level houses an office, lobby, card room with fireplace, billiard room & a beautiful balcony to enjoy ocean views. Lower level has a fabulous library, recreation room with a stage, commercial grade kitchen & restrooms. A large patio with fountain, fire pit, & outdoor fireplace adjoins the community room, which is used for many events. There is a heated pool & spa on the property. Saunas, a beautiful gym, ping pong table, RV parking & more. The entire park is enclosed with a 6 ft wall, security gates. There are many activities in the community, almost daily, 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! You can be as active as you choose, right here at Lakeshore Gardens!

23. 2024-09-01
    historical

    Show marketing remark (2166 chars)

    Desirable location and updated 2 bd, 2 ba beach home that is priced to sell! It is amazingly close to the beach & shopping! It features an open concept floor plan with a remodeled central kitchen with granite counter tops, new gas range, microwave & dishwasher with a newer refrigerator. You'll love all the cabinets and bar seating. The living room is bright and cheery with the large windows and features a corner gas fireplace! If you enjoy outdoor space this home has it all. A large, covered deck, a very unique rear and side yard that back up to a forested green belt that makes it peaceful, private & perfect for relaxing! Located in beautiful Lakeshore Gardens, one of the most desirable 55+ beach communities in So. Cal. ! Isn't it time to start living your dream! Lakeshore Gardens is an active 55+, luxury manuf. home community located in Carlsbad, steps to the beach the park is located on 54 acres of land, has 384 home sites, & 10 small lakes. There is lush landscaping, greenbelts & mature trees throughout, giving the community a park-like feel. The ponds are home to turtles & many fish. Nature lovers have the best of all worlds here! The appr. 14,000 sq. ft, 2 story club house has a country club feel. The upper-level houses an office, lobby, card room with fireplace, billiard room & a beautiful balcony to enjoy ocean views. Lower level has a fabulous library, recreation room with a stage, commercial grade kitchen & restrooms. A large patio with fountain, fire pit, & outdoor fireplace adjoins the community room, which is used for many events. There is a heated pool & spa on the property. Saunas, a beautiful gym, ping pong table, RV parking & more. The entire park is enclosed with a 6 ft wall, security gates. There are many activities in the community, almost daily, 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! You can be as active as you choose, right here at Lakeshore Gardens!

24. 2024-09-01
    listed $333,000 Active 2166-char remark

    Show marketing remark (2166 chars)

    Desirable location and updated 2 bd, 2 ba beach home that is priced to sell! It is amazingly close to the beach & shopping! It features an open concept floor plan with a remodeled central kitchen with granite counter tops, new gas range, microwave & dishwasher with a newer refrigerator. You'll love all the cabinets and bar seating. The living room is bright and cheery with the large windows and features a corner gas fireplace! If you enjoy outdoor space this home has it all. A large, covered deck, a very unique rear and side yard that back up to a forested green belt that makes it peaceful, private & perfect for relaxing! Located in beautiful Lakeshore Gardens, one of the most desirable 55+ beach communities in So. Cal. ! Isn't it time to start living your dream! Lakeshore Gardens is an active 55+, luxury manuf. home community located in Carlsbad, steps to the beach the park is located on 54 acres of land, has 384 home sites, & 10 small lakes. There is lush landscaping, greenbelts & mature trees throughout, giving the community a park-like feel. The ponds are home to turtles & many fish. Nature lovers have the best of all worlds here! The appr. 14,000 sq. ft, 2 story club house has a country club feel. The upper-level houses an office, lobby, card room with fireplace, billiard room & a beautiful balcony to enjoy ocean views. Lower level has a fabulous library, recreation room with a stage, commercial grade kitchen & restrooms. A large patio with fountain, fire pit, & outdoor fireplace adjoins the community room, which is used for many events. There is a heated pool & spa on the property. Saunas, a beautiful gym, ping pong table, RV parking & more. The entire park is enclosed with a 6 ft wall, security gates. There are many activities in the community, almost daily, 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! You can be as active as you choose, right here at Lakeshore Gardens!

25. 2024-07-19
    price $333,000
26. 2024-04-17
    listed $349,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥82°F today · 19 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $68,375
• − Mortgage interest: −$13,948
• − Property taxes: −$3,735
• − Insurance: −$1,245
• − Repairs & maintenance: −$5,470
• − Management: −$5,470
• − Depreciation: −$7,244
• Taxable income: $31,263
• Est. tax owed @ 24.0%: −$7,503
• After-tax cash flow: $25,863/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

This home is in good condition with a good condition score of 80. It has been updated with a remodeled kitchen and bathrooms, and has a good exterior and landscaping. The home is move-in ready and has a good resale and rental value.

Value-add opportunities

• Both landscaping and curb appeal improvements — enhances curb appeal and outdoor living space
• Both HVAC system upgrade — improves comfort and energy efficiency
• Both exterior paint touch-up — refreshes the home's exterior and enhances curb appeal

Renovation cost estimate screening

Value-add ROI direction

• Both landscaping and curb appeal improvements — enhances curb appeal and outdoor living space ↑
• Both HVAC system upgrade — improves comfort and energy efficiency ↑
• Both exterior paint touch-up — refreshes the home's exterior and enhances curb appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Carlsbad Unified
• NCES district ID: 0607500
• Math proficiency: 68% ▲ 2.00%
• Reading proficiency: 76% ▲ 2.00%
• Median HH income: $81,200
• Composite: 65.11/100
• National rank: #1068
• State rank: #87 of 1400 in CA

Livability — Carlsbad

• Score: 78/100
• State rank: #67
• US rank: #2526

Category grades

Amenities A+ Commute A+ Cost of living F Crime B Employment A+ Housing C+ Health & safety D+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Carlsbad, CA
• County: San Diego County · 3,178,799 people
• City population: 114,373
• Metro: San Diego-Chula Vista-Carlsbad, CA
• Population (ZIP): 23,190
• Household income: $159,235
• Rent vs Own: 36.0% rent · 64.0% own
• Severe rent burden: 714.0

Population outlook (San Diego County) Hauer SSP2

• Today (2025): 3,678,185 people
• By 2030: 3,856,546 · +4.8%
• By 2040: 4,171,407 · +13.4%
• By 2050: 4,421,607 · +20.2%
• By 2075: 4,831,599 · +31.4%
• By 2100: 4,832,502 · +31.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Hispanic / Latino 17% Two or more races 15% Asian 12%
• Hispanic origin (detail): Mexican 12%
• Common ancestry: Portuguese 4% Slovak 3% Italian 3%
• Foreign-born: 16% · Canada, China, Vietnam
• Languages at home: 82% English-only · Spanish 6% Chinese 4% German/W. Germanic 2%

Political lean MEDSL · San Diego

• 2024 margin: D (+16.8) · D 56.9% · R 40.1% · Other 2.9%
• 2008→2024 swing: +6.6pp toward D · 2008: 10.2pp · 2024: 16.8pp
• All cycles: 2024: D+16.8 2020: D+22.8 2016: D+17.8 2012: D+5.1 2008: D+10.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.75%
• Current HPI: 399.8502
• Rent YoY: ▲ 3.54%
• Metro: San Diego-Chula Vista-Carlsbad, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

-28.7% since first listed

11 events — show timeline

• 2026-05-07 Price Changed $249,000 SDMLS
• 2026-02-19 Price Changed $309,000 SDMLS
• 2025-12-10 Listed $339,000 SDMLS
• 2025-01-31 Sold (MLS) $312,500 SDMLS
• 2025-01-09 Pending — SDMLS
• 2025-01-09 Relisted — SDMLS
• 2025-01-01 Listing Removed — SDMLS
• 2024-09-01 Listed $333,000 SDMLS
• 2024-09-01 Listing Removed — SDMLS
• 2024-07-19 Price Changed $333,000 SDMLS
• 2024-04-17 Listed $349,000 SDMLS