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3429 Madison St #371 / 62 · Click to zoom

About this home

Prime coastal development opportunity west of I-5 and just south of Carlsbad Village. Rare R-2 zoned lot spanning approximately 6,913 sqft with alley access, offering strong potential for redevelopment, expansion, or income-producing improvements. Property consists of two detached structures: a 3 bed/1 bath main home (approx. 1,032 sqft) and a 1 bed/1 bath unit (approx. 576 sqft), along with a detached garage with additional storage. Clear upside for renovation or repositioning. Flat, usable lot with favorable layout and access, ideal for maximizing density or reconfiguring for higher returns. Current tenants are on month-to-month agreements, providing flexibility for future development timelines. Highly desirable coastal location just minutes from Carlsbad Village, beaches, dining, and retail. Opportunities like this, with zoning, lot size, and location, are increasingly rare.Tenant-occupied on a month-to-month basis. Built in 1922.

🏠 HomeFax

Public-record history for this property.

🌊 Flood zoneX / Low/Medium Risk
🏷 Last sold$1,450,000 · Dec 2025
📋 Assessed value$1,450,000
💵 Annual tax$16,898
🏫 School districtCarlsbad Unified School District

MLS #260014326SD

🔥 Risk & insurability

🔥 Fire hazard zoneNot in a State-designated fire hazard zone

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

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Interest rate %
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Estimated total monthly payment
$11,590
Principal & interest$9,355
Property tax$1,696
Home insurance$540
Down payment: $370,000Loan: $1,480,000

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.