Prime Beachside Investment & Development Opportunity! West of the 5 Freeway and approximately a 3-minute walk to the beach, this exceptional Carlsbad property offers a rare combination of coastal lifestyle, immediate rental income and future development potential. A nearby crosswalk provides convenient access to the beach stairs, putting the sand and surf just moments away. The completely remodeled home has been a successful vacation rental for the past five years and is located within an approved vacation rental zone, an important advantage in Carlsbad where not all properties qualify for vacation rental use. The generous lot size and placement of the existing home offer development potential. The multi-unit zoning opens the door to several possibilities, including adding a back duplex, expanding the existing home, or pursuing a larger redevelopment concept, all subject to city approval. The current home can continue generating rental income while exploring the property's future potential. Currently, the rear yard features a private volleyball court. This home has an unbeatable coastal location and may be purchased fully furnished and turnkey, allowing a new owner to seamlessly continue its use as a vacation rental. Whether you're seeking a turnkey income-producing property, a coastal development opportunity, or an investment with immediate income and long-term upside, this is a rare opportunity in one of Carlsbad's most desirable beachside locations.
For sale
Listed by: AARE • Christine Derr • Contact: christine_derr@hotmail.com
$3,000,000
245 Hemlock Ave, Carlsbad, CA 92008
3beds
1,138sqft
Single Family Residence
Built in 1957
7,265 Square Feet Lot
$2,889,400 Zestimate®
$2,636/sqft
$-- HOA
What's special
- 11 days
- 571
- 43
Zillow last checked:
Listing updated:
Listed by:
Christine Derr DRE #01822209 christine_derr@hotmail.com,
AARE,
Sharyn Seymour DRE #01273797 760-801-3882,
AARE
Source: CRMLS,MLS#: NDP2608097
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Rooms
- Room types: Bedroom, Entry/Foyer, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom
Primary bedroom
- Features: Main Level Primary
Bedroom
- Features: All Bedrooms Down
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Bathtub, Remodeled, Walk-In Shower
Cooling
- See Remarks
Appliances
- Included: Dishwasher, Gas Range, Microwave, Refrigerator
- Laundry: Laundry Room
Features
- Breakfast Area, Ceiling Fan(s), Furnished, Open Floorplan, All Bedrooms Down, Bedroom on Main Level, Main Level Primary
- Has fireplace: No
- Fireplace features: None
- Furnished: Yes
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,138 sqft
Video & virtual tour
Property
Parking
- Total spaces: 5
- Parking features: Door-Single, Driveway, Garage
- Attached garage spaces: 1
- Uncovered spaces: 4
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Patio & porch: Front Porch
- Pool features: None
- Spa features: None
- Waterfront features: Ocean Side Of Freeway, Ocean Side Of Highway
Lot
- Size: 7,265 Square Feet
- Features: 0-1 Unit/Acre, Back Yard, Front Yard, Value In Land
Details
- Parcel number: 2042700500
- Zoning: R-1:SINGLE FAM-RES
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Composition
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1957
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Cable Connected, Electricity Connected
Community & HOA
Community
- Features: Curbs, Sidewalks
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Carlsbad
Financial & listing details
- Price per square foot: $2,636/sqft
- Tax assessed value: $1,406,727
- Date on market: 8/27/2026
- Cumulative days on market: 11 days
- Listing terms: Cash,Conventional
Estimated market value
$2,889,400
$2.74M - $3.03M
$5,098/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/27/2026 | Listed for sale | $3,000,000+143.9%$2,636/sqft |
Source:  CRMLS #NDP2608097 Report a problem | ||
| 6/24/2021 | Sold | $1,230,000$1,081/sqft |
Source:  SDMLS #210017589 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $1,406,727 +2% |
| 2025 | $14,967 +3.5% | $1,379,145 +2% |
| 2024 | $14,457 +0.5% | $1,352,103 +2% |
| 2023 | $14,385 +1.6% | $1,325,592 +2% |
| 2022 | $14,163 +522% | $1,299,600 +551.9% |
| 2021 | $2,277 +4.2% | $199,346 +1% |
| 2020 | $2,185 +6.4% | $197,303 +2% |
| 2019 | $2,054 -0.1% | $193,435 +2% |
| 2018 | $2,056 +1.7% | $189,643 +2% |
| 2017 | $2,022 +4.2% | $185,926 +2% |
| 2016 | $1,940 +0.4% | $182,281 +1.5% |
| 2015 | $1,932 +1.7% | $179,544 +2% |
| 2014 | $1,900 | $176,028 +0.5% |
| 2013 | -- | $175,233 +2% |
| 2012 | -- | $171,798 +2% |
| 2011 | -- | $168,430 +0.8% |
| 2010 | -- | $167,173 -0.2% |
| 2009 | -- | $167,571 +2% |
| 2008 | -- | $164,286 +2% |
| 2007 | -- | $161,066 +2% |
| 2006 | -- | $157,909 +2% |
| 2005 | -- | $154,814 +2% |
| 2004 | -- | $151,780 +1.9% |
| 2003 | -- | $148,999 +2% |
| 2002 | -- | $146,078 +2% |
| 2001 | -- | $143,215 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: North Beach
Nearby schools
Schools provided by the listing agent
- Elementary: Jefferson
- Middle: Valley
- High: Carlsbad
Source: CRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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