
Carlsbad, California 92008
This Dual-Unit Residential Asset is a High-Potential Investment Opportunity, listed at $2,250,000—positioned well above the $2,169,231 Fair Market Value by -3%. Featuring an Excellent Condition Rating with modern updates, this property offers significant versatility with two legal homes on a 9,506sf lot. Located in the heart of Carlsbad Village near Top-Rated Schools like Sage Creek High, it provides a rare, turnkey income-generating compound. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking multi-generational living or high-yield rental potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1011 13 Knowles Ave Subject 4 bd · 4 ba · 1,872 sqft · $1,159 | $2,250,000* List Price | 4 | 4 | 1,872 | $1,159 | - |
A 2537 Davis Avenue Sold 4 bd · 2 ba · 2,123 sqft · $907 · 0.1 mi | $1,925,000 | 4 | 2 | 2,123 | $907 | 0.1 mi |
B 2677 Jefferson Street Sold 2 bd · 3 ba · 1,766 sqft · $1,217 · 0.1 mi | $2,150,000 | 2 | 3 | 1,766 | $1,217 | 0.1 mi |
C 2810 Madison Sold 3 bd · 3 ba · 1,603 sqft · $1,204 · 0.3 mi | $1,930,000 | 3 | 3 | 1,603 | $1,204 | 0.3 mi |
D 1665 Sandalwood Lane Sold 3 bd · 2 ba · 1,885 sqft · $886 · 0.9 mi | $1,670,000 | 3 | 2 | 1,885 | $886 | 0.9 mi |
E 1710 Valley Place Sold 4 bd · 3 ba · 1,590 sqft · $1,053 · 0.8 mi | $1,675,000 | 4 | 3 | 1,590 | $1,053 | 0.8 mi |
F 1890 Basswood Avenue Sold 4 bd · 4 ba · 2,157 sqft · $1,139 · 0.9 mi | $2,456,000 | 4 | 4 | 2,157 | $1,139 | 0.9 mi |
G 2295 Highland Drive Sold 3 bd · 4 ba · 1,951 sqft · $948 · 0.7 mi | $1,850,000 | 3 | 4 | 1,951 | $948 | 0.7 mi |
H 1027 29 Knowles Ave Active 4 bd · 4 ba · 1,868 sqft · $1,204 · 0.0 mi | $2,250,000 List Price | 4 | 4 | 1,868 | $1,204 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2011 and recently updated to turnkey condition with new flooring and paint. The kitchens and bathrooms feature high-end modern cabinetry, quartz countertops, and contemporary fixtures that appear to be less than 5 years old, placing it in the excellent category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9506, living area = 1872.
High School: Sage Creek High School (9/10).
The property features two legal residences on a single 9,506sf lot with a projected $10,000 monthly rental income, offering exceptional versatility for multi-generational living or high-yield investment.
The residences share a single water meter, which may complicate utility billing and expense management between separate tenants or households.
The neighborhood prohibits short-term rentals, limiting the property's appeal for investors specifically seeking high-margin vacation rental returns in a coastal market.
An ideal candidate for SB 9! Check out this gorgeous turnkey one-story house with spa and 2-car garage west of I-5 in the charming village of Carlsbad - AND get a second 2br house too! Two houses on one lot and walkable to the vibrant dining, shopping, and entertainment of Carlsbad Village! New flooring and paint, fenced yards, and each house has their own laundry on a good-sized 9,506sf lot. This is a high-quality neighborhood loaded with owner-occupied bunglows up and down the wide streets. No short-term rentals allowed either - this is the idyllic paradise you've wanted! Wait until you hear this bonus - the same package is for sale right next door too. You can buy this property with two houses, or buy both properties and get four houses on two lots. Buy one or both properties - your choice! Everyone worries about how their kids will afford a home. Get them started here with two homes on one lot west of the 5! Or how about multi-gen? Senior plus caregiver? Second home plus a rental? There are so many buyers for this 2-on-1 combo! One water meter and two gas and two electric meters too. The two houses would rent for $10,000 total easily. Wow! Comparable sales = 2850 Highland 2-unit teardown closed for $1,925,000 on June 22. On August 3rd, 2537 Davis a 4br house with illegal unit closed for $1,925,000. Just closed is 2677 Jefferson for $2,150,000 on Aug. 10th and it was smaller + busy street. Plus the two legal units in the barrio at 735-737 Pine with $11K/mo income closed in March for $2,492,000. Then consider that 157 Maple is two smaller units with total of 1,432sf and it closed for $2,600,000 in April. For a 4-unit comp, check 3048 Jefferson which is only 2,194sf and closed for $3,850,000 on May 14th. Our four houses total 3,600sf on two 9,000sf lots - and nice!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 1.0 mi
Grades 6-8 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 1,872 | 2,357.728 |
| Lot Size | 9,506 | 8,811.432 |
| Price | $2.25M | $1.88M |
| Price per sq ft | $1.2K | $760 |
| Built year | 2011 | 1993 |
| HOA | $0 | $196 |
| Days on market | 85 | 41 |
Aug 1, 2026
$2,250,000
Initial Listing