2650 Roosevelt Street, Carlsbad, California 92008, Carlsbad, 92008 - 3 bed, 2 bath
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Carlsbad, California 92008
Analysis of 2650 Roosevelt Street, Carlsbad, California 92008 is currently available with a list price of $4,000,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Carlsbad Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property is explicitly marketed for its land value and future development potential. Built in 1963 with no recorded major renovations, the existing structure is described as obsolete and likely requires demolition, fitting the criteria for a tear-down where the value resides in the 9,031 sqft lot.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9031, living area = 1421.
High School: Sage Creek High School (9/10).
With a 9,031 sqft lot and the listing explicitly stating value is in the land, this property represents a premier opportunity for a developer or custom home builder to create a high-value residence in a prime location.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
At a $4 million list price for a 1,421 sqft structure, the cost per square foot is exceptionally high, requiring a buyer with significant capital for both acquisition and subsequent development.
The 1963-built home is likely at the end of its functional lifespan, necessitating additional expenses for demolition and site preparation before any new construction can begin.
Value is in the land for future development.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.9 mi
Grades 6-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 32% |
| Baths | 2.0 | 3.0 | 33% |
| Square foot | 1,421 | 2,282 | 8% |
| Lot Size | 9,031 | 9,089.3 | 50% |
| Price | $4.00M | $1.90M | 94% |
| Price per sq ft | $2.8K | $842 | 98% |
| Built year | 1963 | 1976 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 163 | 2% |
Apr 15, 2026
$4,000,000
Initial Listing
May 7, 2024
$2,400,000
Public Record