1027 29 Knowles Ave, Carlsbad, California 92008, Carlsbad, 92008 - 4 bed, 4 bath
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1027 29 Knowles Ave
Carlsbad, California 92008
ACTIVE
CONDITION: EXCELLENT
4Beds
4Baths
1,868Sq Ft
9,179Lot Size
Property Price
LIST PRICE$2,250,000
EST. MARKET VALUE
$2,147,524
4% AboveMARKET VALUE
SUMMARY
This Multi-Unit Residential Asset is a High-Potential Investment Opportunity, listed at $2,250,000—positioned well above the $2,147,524 Fair Market Value by -4%. Featuring a Turnkey Condition Rating with recent renovations, this property offers two houses on one lot, providing significant income potential in a prime coastal location. With proximity to Top-Rated Schools like Sage Creek High, this versatile property is an ideal acquisition for Buy-and-Hold Investors or Multi-Generational Families seeking a stable, high-demand rental or living arrangement.
Estimated Market Value
$2,147,524
Based on Realkey algorithm analyzing recent comparable sales in Carlsbad.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1027 29 Knowles Ave Subject | $2,250,000* List Price | 4 | 4 | 1,868 | $1,150 | - |
A 2537 Davis Avenue Sold | $1,925,000 | 4 | 2 | 2,123 | $907 | 0.1 mi |
B 2677 Jefferson Street Sold | $2,150,000 | 2 | 3 | 1,766 | $1,217 | 0.1 mi |
C 2810 Madison Sold | $1,930,000 | 3 | 3 | 1,603 | $1,204 | 0.3 mi |
D 1665 Sandalwood Lane Sold | $1,670,000 | 3 | 2 | 1,885 | $886 | 0.9 mi |
E 1710 Valley Place Sold | $1,675,000 | 4 | 3 | 1,590 | $1,053 | 0.8 mi |
F 2295 Highland Drive Sold | $1,850,000 | 3 | 4 | 1,951 | $948 | 0.6 mi |
G 1890 Basswood Avenue Sold | $2,456,000 | 4 | 4 | 2,157 | $1,139 | 0.9 mi |
H 1011 13 Knowles Ave Active | $2,250,000 List Price | 4 | 4 | 1,872 | $1,202 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 2011 (13 years old), the property features a recent renovation with new flooring and paint, placing it within the <5y reno window for Excellent. The interior shows a modern, turnkey aesthetic with updated bathrooms and a mint-condition exterior, requiring no immediate maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9179, living area = 1868.
- Great Schools
High School: Sage Creek High School (9/10).
- Multi-Unit Versatility
The property features two separate houses on a single lot, providing exceptional flexibility for multi-generational living, a primary residence with a rental, or a high-yield investment opportunity with an estimated $10,000 monthly income.
CONSRISKS & DEFICIENCIES
- Shared Water Utility
The property operates on a single water meter for both units, which can complicate utility billing and expense management between separate households or tenants.
- Short-Term Rental Restrictions
The neighborhood's prohibition on short-term rentals limits the property's potential for investors seeking high-turnover vacation rental income in a popular coastal destination.
About 1027 29 Knowles Ave
Do you need more than one living space? House + ADU? Check out this gorgeous turnkey one-story house with 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 9,179sf 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!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2011
- Lot Size
- 9,179 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Carlsbad Unified Schools
Buena Vista Elementary School
Grades K-5 • 0.3 mi
7/10
Jefferson Elementary School
Grades K-5 • 1.0 mi
7/10
Valley Middle School
Grades 6-8 • 1.1 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 1,868 | 2,315.926 |
| Lot Size | 9,179 | 8,826.162 |
| Price | $2.25M | $1.88M |
| Price per sq ft | $1.2K | $772 |
| Built year | 2011 | 1992 |
| HOA | $0 | $200 |
| Days on market | 39 | 41 |
Pricing History
Listed for Sale
Aug 1, 2026
$2,250,000
Initial Listing