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150 Walnut

Carlsbad, CA 92008
  • $8,350,000
  • STATUS: ACTIVE
  • ON SITE: 72 Days
  • ID#: 220013331
$8,350,000
  • 6
    BEDS
  • N/A
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

The Beach Palms Carlsbad is a luxury vacation rental property. Currently operating and permitted as a vacation rental property, the potential buyer can continue to reap the increased revenue from vacation rental business, or convert back to long term luxury furnished apartments and or corporate rental. The owners completely renovated the interiors and common area with the latest luxurious amenities that guests come to expect. They also transformed the large courtyard into a tropical oasis where guests can go to unwind and relax, have a BBQ or spend time with friends and family. Located across the street from pristine Carlsbad Beach. Walking distance to fine dining, shopping, galleries and entertainment in Carlsbad Village. The property has two, 2-story low rise buildings that include a total of 8 units. The South building has six 2- bedroom units and the north building has one 1-bedroom unit and one 3-bedroom unit. A laundry room is located inside the courtyard, equipped with two complimentary washers/dryers and laundry detergent. No expense was spared on the total renovation of this property. It will be sold with all the furnishings and electronics.

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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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/129291892
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150 Walnut Carlsbad, CA 92008

  • Price: $8,350,000
  • Status: ACTIVE
  • On Site: 72 Days
  • ID#: 220013331
6
Beds
5
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Carlsbad (92008)
County:
San Diego
Area:
Carlsbad (92008)
Property Description
The Beach Palms Carlsbad is a luxury vacation rental property. Currently operating and permitted as a vacation rental property, the potential buyer can continue to reap the increased revenue from vacation rental business, or convert back to long term luxury furnished apartments and or corporate rental. The owners completely renovated the interiors and common area with the latest luxurious amenities that guests come to expect. They also transformed the large courtyard into a tropical oasis where guests can go to unwind and relax, have a BBQ or spend time with friends and family. Located across the street from pristine Carlsbad Beach. Walking distance to fine dining, shopping, galleries and entertainment in Carlsbad Village. The property has two, 2-story low rise buildings that include a total of 8 units. The South building has six 2- bedroom units and the north building has one 1-bedroom unit and one 3-bedroom unit. A laundry room is located inside the courtyard, equipped with two complimentary washers/dryers and laundry detergent. No expense was spared on the total renovation of this property. It will be sold with all the furnishings and electronics.
Exterior Features

Carports 8 Construction FrameStoneStucco Exterior Block FenceCable AvailableFront SprinklersFully LandscapedMetal FenceWood Fence Parking Carports Parking Spaces Total 16 Roof Tile

Interior Features

Cooling Central Forced Air Elec Floor Coverings HardwoodTileWall To Wall Carpet Floors SlabWood Heating Central Forced Air Elec Laundry Owned Sq Ft Of Improvement 6386 Stories 2 Story Unit Furnished1 Yes Unit Furnished2 6 Unit Furnished3 Yes Units With Dishwashers 8 Units With Disposals 8 Units With Drapes 8 Units With Ranges 8 Units With Refrigerators 8

Property Features

Actual Cap Rate 4.67 Actual Gross Scheduled Income 573572.0 Actual Operating Expense 183538 Assumable Finance 0 Buildings 3 Complex Features BbqCtv Avail Existing Financing Conventional Financial Information Source Owner Gross Equity 8350000 Gross Multiplier 14.56 Have Unit Mandatory Remarks None Known Market Area Coastal North Monthly Rent Total 41168 Motive Want Exchange Special None Sq Ft Source Tax Record Tenant Pays Electric N Tenant Pays Gas N Tenant Pays Water N Terms CashCash To New LoanExchange Up Unit Number1 1 Unit Number2 6 Unit Number3 1 Unit Rent Total1 4660 Unit Rent Total2 29508 Unit Rent Total3 7000 Unit Rent1 4660 Unit Rent2 4918 Unit Rent3 7000 Unit Type ApartmentOther/Remarks

San Diego MLS logo Listing provided courtesy of Acre Investment Real Estate. Listing information © 2022 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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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Neuman & Neuman Real Estate Inc.
516 5th Avenue
San Diego CA, 92101