3960 Park Dr
About This Property
Situated on an expansive 7,900 sq ft lot, the home features a thoughtfully updated interior designed to feel bright, clean, and move-in ready. Recent improvements include fresh interior and exterior paint, updated lighting, refinished cabinetry, refreshed bathrooms, and modernized finishes throughout, all curated to enhance both everyday living and overall presentation.
The functional layout offers an easy flow between living spaces, while the spacious backyard provides a private, fully fenced setting with plenty of room to entertain, garden, or create your ideal outdoor retreat.
One of the standout features of this home is its incredible location. Just a short walk to Magnolia Elementary, Valley Middle School, and Carlsbad High School, it offers unmatched convenience while being tucked into an established neighborhood with a true community feel.
Additional highlights include a 2-car garage, generous driveway parking, and close proximity to beaches, shopping, dining, and everything that makes Carlsbad one of North County San Diego's most desirable coastal cities.
A rare opportunity to own a turn-key, single-level home on a large lot in an unbeatable Carlsbad location.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 23, 2026 | Sold | ||
| Sold | |||
| Apr 6, 2026 | In contract | - | |
| In contract | |||
| Mar 24, 2026 | Listed by Compass | $1,595,000 | |
| Listed by Compass | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017