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13042 Carriage Road

Poway, CA 92064
  • $3,850,000
  • STATUS: ACTIVE
  • ON SITE: 44 Days
  • ID#: 240025575
UPDATED: 81 min ago
$3,850,000
  • 5
    BEDS
  • 0.46
    ACRES
  • 4
    BATHS
  • 1
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Originally built in 1977, Carriage Pines Apartments has been well maintained and most of the units have been renovated to varying finish levels. It boasts a desirable mix of one- and two-bedroom floor plans, along with ample parking and a community laundry room. This offering presents a true value-add opportunity, with potential upgrades to the building exterior and landscaping that could significantly increase rental income. Additionally, there is the option to convert three existing tuck-under parking spaces into an Accessory Dwelling Unit. Carriage Pines is ideally situated in a quiet residential area, close to local amenities such as top-rated schools, shopping centers, and parks. There are various restaurants within easy walking distance, and several grocery stores are located less than a mile from the property. The location offers a mix of suburban comfort and access to nature, with nearby hiking trails and open spaces. Carriage Pines abuts Poway's Kumeyaay-Ipai Interpretive Center a 4.5 acre site that offers residents a beautiful hillside with native vegetation for a backyard.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/157294916
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13042 Carriage Road Poway, CA 92064

  • Price: $3,850,000
  • Status: ACTIVE
  • On Site: 44 Days
  • Updated: 81 min ago
  • ID#: 240025575
5
Beds
4
Baths
1
½ Baths
0.46
Acres
Neighborhood:
Poway (92064)
County:
San Diego
Area:
Poway (92064)
Property Description
Originally built in 1977, Carriage Pines Apartments has been well maintained and most of the units have been renovated to varying finish levels. It boasts a desirable mix of one- and two-bedroom floor plans, along with ample parking and a community laundry room. This offering presents a true value-add opportunity, with potential upgrades to the building exterior and landscaping that could significantly increase rental income. Additionally, there is the option to convert three existing tuck-under parking spaces into an Accessory Dwelling Unit. Carriage Pines is ideally situated in a quiet residential area, close to local amenities such as top-rated schools, shopping centers, and parks. There are various restaurants within easy walking distance, and several grocery stores are located less than a mile from the property. The location offers a mix of suburban comfort and access to nature, with nearby hiking trails and open spaces. Carriage Pines abuts Poway's Kumeyaay-Ipai Interpretive Center a 4.5 acre site that offers residents a beautiful hillside with native vegetation for a backyard.
Exterior Features

Parking Spaces Total 14

Interior Features

Sq Ft Of Improvement 9700

Property Features

Actual Cap Rate 4.69 Actual Gross Operating Income 283081 Actual Gross Scheduled Income 276888.0 Actual Operating Expense 102498 Assumable Finance 0 Buildings 2 Gross Equity 1800000 Gross Multiplier 13.2 Have 11 Units Mandatory Remarks None Known Market Area North County Inland Motive Want Cash Out Projected Cap Rate 5.19 Projected Gross Multiplier 12.1 Short Sale No Unit Number1 4 Unit Number2 3 Unit Number3 4 Unit Rent Total1 7889 Unit Rent Total2 6660 Unit Rent Total3 8524 Unit Rent1 1972 Unit Rent2 2220 Unit Rent3 2131

San Diego MLS logo Listing provided courtesy of Eric Comer of Eric D. Comer, Broker: 858-369-3083. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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