
Carlsbad, California 92008
This property presents a High-Potential Investment Opportunity with a List Price of $1,895,000—positioned above the $1,798,619 Fair Market Value by 5%. While requiring a capital-intensive renovation due to its Condition Rating of 5, the 2,840 sqft layout on a 10,000 sqft lot offers significant upside. Located in the Carlsbad Unified School District near top-rated schools like Magnolia Elementary and Sage Creek High, this asset provides a rare foundation for value-add appreciation. It is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a long-term hold.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3485 Ridgecrest Subject 5 bd · 3 ba · 2,840 sqft · $633 | $1,895,000* List Price | 5 | 3 | 2,840 | $633 | - |
A 2246 Janis Way Sold 4 bd · 3 ba · 2,725 sqft · $699 · 0.1 mi | $1,905,500 | 4 | 3 | 2,725 | $699 | 0.1 mi |
B 3501 Avondale Sold 4 bd · 2 ba · 2,580 sqft · $832 · 0.2 mi | $2,146,250 | 4 | 2 | 2,580 | $832 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1963 and explicitly marketed as a 'fixer-upper' needing 'rehab.' While the kitchen and some flooring received updates approximately 15-20 years ago, the bathrooms, bedrooms, and overall systems appear dated and worn. The property requires significant modernization and likely major system overhauls to meet current standards.
Elementary School: Magnolia Elementary School (9/10). High School: Sage Creek High School (9/10).
Situated on the highly coveted Ridgecrest Drive where inventory is rarely available, this property offers a prestigious Carlsbad address in an established, sought-after neighborhood.
As a spacious 5-bedroom fixer-upper on a generous 10,000 sqft lot, the home provides a rare 'blank canvas' opportunity for investors or owner-occupants to build equity through a custom renovation.
The property is explicitly marketed as a fixer-upper, indicating that significant capital investment and time will be necessary to modernize the 1963 structure and systems.
With a list price of nearly $1.9 million before renovation costs, the total investment required may exceed the immediate market value for buyers not looking for a long-term hold.
The perfect fixer-upper with incredible potential in a highly desirable Carlsbad location! Properties rarely become available on Ridgecrest Drive, making this a special opportunity to own and transform a home in an established neighborhood. This two-story, 5-bedroom, 3-bathroom residence offers a wealth of possibilities for buyers, investors, contractors, or anyone looking to create their dream home. Featuring a distinctive brick façade, classic blue siding, and an expansive front yard with mature landscaping, this property offers character and curb appeal with plenty of room to reimagine its full potential. The terraced front yard, decorative brick retaining walls, and welcoming entry provide a unique foundation for a stunning transformation. With a generous two-story layout and five bedrooms, there is ample opportunity to customize the interior, modernize the finishes, and create a home tailored to your vision. Whether you're looking to renovate and make it your own, invest in a property with potential, or create a personalized home in a sought-after Carlsbad location, this is an opportunity you won't want to miss. Property Highlights: Highly desirable Ridgecrest Drive location in Carlsbad Rare opportunity on a street where properties seldom come on the market Two-story residence with 5 bedrooms and 3 bathrooms Ideal fixer-upper with outstanding renovation potential Classic brick and blue-siding exterior with timeless character Spacious front yard with mature landscaping and terraced garden areas Long driveway and detached garage Opportunity to reimagine, renovate, and add your personal touch Appealing opportunity for owner-occupants, investors, and contractors alike Bring your vision and unlock the potential! Homes in this location rarely come available. Don't miss your chance to transform this property into something truly special and make Ridgecrest Drive your next home.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.1 mi
Grades K-5 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,840 | 2,357.728 |
| Lot Size | 10,000 | 8,811.432 |
| Price | $1.90M | $1.88M |
| Price per sq ft | $667 | $760 |
| Built year | 1963 | 1993 |
| HOA | $0 | $196 |
| Days on market | 16 | 41 |
Oct 9, 2026
$1,895,000
Initial Listing
May 1, 2000
$399,000
Public Record
Jan 19, 1996
$317,500
Public Record