Incredible opportunity to develop this Village of Carlsbad corner lot into 3 units plus 3 ADU's! Oceanviews from upper levels and amazing location walking distance to Village of downtown Carlsbad. Close to all shopping, restaurants, beaches, freeways and schools!
Extremely well-located, value-add complex in Carlsbad Village. Priced at a 4.22% CAP on actuals with 24% upside in rents, The Breeze Apartments consists of ten (10) 1Bedroom / 1Bathroom single-level apartment homes and sits on a 9,145 sf parcel. Property amenities include a common lounge/BBQ area, laundry facility, and eleven (11) off-street surface parking spots. The property offers an investor upside in rents (5.60% Proforma CAP) in one of San Diego’s most sought after Coastal North County Markets. Located West of I-5, the property is a few blocks to the Carlsbad Village Shops and Restaurants, and walking distance from the sand.
This is your opportunity to own an office less than a mile from the beach in Olde Carlsbad. Conveniently located right off the 5 FWY between the Tamarack and Carlsbad Village Dr. exits, this is a perfect location to establish the center of operations for your business. When you take the elevator to the second floor, the office is the first on the right, walk through the door, you're welcomed by a reception area. To the left is a wash area and restroom, a very rare amenity within the Chestnut Plaza office complex hence there is a private bathroom in the office. Just past the reception area is the smaller office that has a nice view of Holiday Park across the street. The next room over is the bigger office with a nice view of the park as well. Both offices face north which is nice in the summer so they don't get hot. Entire unit was remodeled in 2022, new flooring, paint, baseboards, countertops, electrical, plumbing, and tile. The essence of turnkey. This is your opportunity to own an office less than a mile from the beach in Olde Carlsbad. Conveniently located right off the 5 FWY between the Tamarack and Carlsbad Village Dr. exits, this is a perfect location to establish the center of operations for your business. When you take the elevator to the second floor, the office is the first on the right, walk through the door, you're welcomed by a reception area. To the left is a wash area and restroom, a very rare amenity within the Chestnut Plaza office complex hence there is a private bathroom in the office. Just past the reception area is the smaller office that has a nice view of Holiday Park across the street. The next room over is the bigger office with a nice view of the park as well. Both offices face north which is nice in the summer so they don't get hot. Entire unit was remodeled in 2022, new flooring, paint, baseboards, countertops, electrical, plumbing, and tile. The essence of turnkey.
Cherry Apartments are located in the desirable beach community of Carlsbad, California. This 7 unit apartment investment was built in 1958 and consists of 6 one bedroom/one bath units, and 1 non-conforming studio unit. The property amenities include off -street parking, lush tropical landscaping, and small yards/patios in select units and balconies. The interiors feature gas appliances and dual pane windows. There are storage closets in the carport area and ocean views from some of the units. The property has been well maintained and professionally managed and shows a true pride of ownership. The property’s proximity to the ocean is a great draw for potential renters and results in premium rental rates for each unit. The location of the property is less than 1/2 a block from one of the most desirable beaches in Southern California. It is also a short distance to restaurants, premier shopping malls, and major employers. The Cherry Apartments is a rare investment asset that will provide future appreciation opportunity and steady cash fl ow for years to come. There are several opportunities for an investor looking to add value: * Remodel and update the interiors of the units and raise rents by $300/$400per unit. * Remodel the units in rent some or all as short-term vacation rentals. * Scrape the existing structures and build 4-8 multi-million dollar townhomes * Leave as is and enjoy future appreciation due to proximity to the beach.
Cherry Apartments is located in the desirable beach community of Carlsbad, California. This 17-unit apartment investment was built in 1959 and consists of 14 one-bedroom/one-bath units, 1 two-bedroom/one-bath house, and 2 non-conforming studios. These units are located on three adjoining parcels. The property amenities include off-street parking, lush tropical landscaping, small yards/patios in select units, balconies, and on-site laundry. The interiors feature gas appliances and dual-pane windows. There are storage closets in the carport area and ocean views from some of the units. The property has been well maintained and professionally managed and shows a true pride of ownership. The property’s proximity to the ocean is a great draw for potential renters and results in premium rental rates for each unit. The location of the property is less than 1/2 a block from one of the most desirable beaches in Southern California. It is also a short distance to restaurants, premier shopping malls, and major employers. The Cherry Apartments is a rare investment asset that will provide future appreciation opportunities and steady cash flow for years to come. There are several opportunities for an investor looking to add value: * Remodel and update the interiors of the units and raise rents by $300/$400 per unit. * Remodel the units in rent some or all as short-term vacation rentals. * Scrape the existing structures and build 8 multi-million dollar townhomes * Leave as is and enjoy future appreciation due to the proximity to the beach.
Carlsbad is located in California. Carlsbad, California has a population of 113,147. Carlsbad is more family-centric than the surrounding county with 35.26% of the households containing married families with children. The county average for households married with children is 34.63%.
The median household income in Carlsbad, California is $102,722. The median household income for the surrounding county is $70,588 compared to the national median of $57,652. The median age of people living in Carlsbad is 42.6 years.
The average high temperature in July is 73.1 degrees, with an average low temperature in January of 47 degrees. The average rainfall is approximately 13.4 inches per year, with 0 inches of snow per year.