Skip To Content
    Return to Previous Page

    3143 Madison St

    Carlsbad, CA 92008
    • $3,100,000
    • STATUS: ACTIVE
    • ON SITE: 130 days
    • ID#: 200028185
    UPDATED: 48 min ago
    $3,100,000
    • 11
      BEDS
    • 0.16
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    • 5,275
      SQFT
    • $588
      $/SQFT
    Type:
    Multi-Family
    Built:
    2004
    County:

    School Ratings & Info

    Description

    SWEO $3.1 - $3.3. West of I-5. Offering a 4bd-2ba, 3bd-2ba, 2bd-1ba, and 2bd-1ba w/ rooftop deck. 4 car garage, parking for up to 9 cars. Communal gathering area, spa, and decks, ensure coveted tranquility to perspective tenants. Property is smart-wired, owned-solar, and very well maintained. Units can be easily combined offering options for increased revenue, large family, or multigenerational family living. Prime Carlsbad Village location! A short stroll to toes-in-the-sand. See Supplement... Village Greene is unique in design by offering residents the truest form of multiple unit living. Actual square footage via professional mapping reflects a total of 6034 square feet. Numerous unit combinations with minor interior wall adjustments make Village Greene not only an attractive investment property, but a viable candidate for a large family compound. For many years, the current owners have enjoyed cost-free occupancy of the front home while realizing net profits from the rental income. Investing buyers will delight in nominal maintenance costs, forecasted appreciation with many surrounding development projects underway, and rental income diversity. Both longterm tenancy and vacation rental income can be assigned concurrently to maximize seasonal opportunities. Appointed as 5 distinct homes, Residences 1 and 5 are easily combined to make 4 total units, inviting attractive residential financing options. Both residence 1 and 4 come with in-unit laundry, and garage parking. Communal areas include bbq and gathering areas, a 2nd level atrium deck, spa, sun deck and grass area. Parking for up to 9 cars within property lines ensure a coveted perk to perspective occupants. Solar panels supply the front house which comes equipped with its own sauna. This property has to be seen to truly appreciate all of its offerings and build quality. The thoughtful construction, layout and execution is second-to-none. Carlsbad Village offers a thriving and diverse selection of entertainment, dining, nightlife and live music. Carlsbad West is also consistently rated as one of the best beach communities in the country and Village Greene is Coastal Carlsbad at its finest.

    Monthly Payment Calculator

    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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/106997596
    Print Image

    3143 Madison St Carlsbad, CA 92008

    • Price: $3,100,000
    • Status: ACTIVE
    • Updated: 48 min ago
    • ID#: 200028185
    11
    Beds
    6
    Baths
    0
    ½ Baths
    0.16
    Acres
    5,275
    SQFT
    $588
    $/SQFT
    2004
    Built
    Neighborhood:
    Carlsbad Village / Barrio
    County:
    San Diego
    Area:
    Carlsbad (92008)
    Property Description
    SWEO $3.1 - $3.3. West of I-5. Offering a 4bd-2ba, 3bd-2ba, 2bd-1ba, and 2bd-1ba w/ rooftop deck. 4 car garage, parking for up to 9 cars. Communal gathering area, spa, and decks, ensure coveted tranquility to perspective tenants. Property is smart-wired, owned-solar, and very well maintained. Units can be easily combined offering options for increased revenue, large family, or multigenerational family living. Prime Carlsbad Village location! A short stroll to toes-in-the-sand. See Supplement... Village Greene is unique in design by offering residents the truest form of multiple unit living. Actual square footage via professional mapping reflects a total of 6034 square feet. Numerous unit combinations with minor interior wall adjustments make Village Greene not only an attractive investment property, but a viable candidate for a large family compound. For many years, the current owners have enjoyed cost-free occupancy of the front home while realizing net profits from the rental income. Investing buyers will delight in nominal maintenance costs, forecasted appreciation with many surrounding development projects underway, and rental income diversity. Both longterm tenancy and vacation rental income can be assigned concurrently to maximize seasonal opportunities. Appointed as 5 distinct homes, Residences 1 and 5 are easily combined to make 4 total units, inviting attractive residential financing options. Both residence 1 and 4 come with in-unit laundry, and garage parking. Communal areas include bbq and gathering areas, a 2nd level atrium deck, spa, sun deck and grass area. Parking for up to 9 cars within property lines ensure a coveted perk to perspective occupants. Solar panels supply the front house which comes equipped with its own sauna. This property has to be seen to truly appreciate all of its offerings and build quality. The thoughtful construction, layout and execution is second-to-none. Carlsbad Village offers a thriving and diverse selection of entertainment, dining, nightlife and live music. Carlsbad West is also consistently rated as one of the best beach communities in the country and Village Greene is Coastal Carlsbad at its finest.
    Exterior Features

    Exterior Stucco Fencing FullGate Parking Garage Spaces Unit1 2 Parking Garage Spaces Unit2 0 Parking Garage Spaces Unit3 0 Parking Garage Spaces Unit4 2 Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 4 Units With Patios 4

    Interior Features

    Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Forced Air Unit Heat Source ElectricNatural Gas Stories 3 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 2 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Unit4 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 4 Units With Dryers 2 Units With Fireplaces 1 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 2

    Property Features

    Actual Cap Rate 3.5 Age Restrictions N/K Annual Expense Actual 8000 Annual Expense Projected 8000 Association ID San Diego Association Of Realtors (Sdar) Buildings 2 Cfd Mello Roos Fee 0.0 Community Carlsbad West Complex Park Village Greene Cross Streets Oak Gross Rent Multiplier Actual 23.48 Gross Rent Multiplier Project 16.67 Gross Scheduled Income Actual 132000 Gross Scheduled Income Project 186000 Home Owners Fees 0.0 Mandatory Remarks None Known Market Area Coastal North Monthly Total Fees 0 Net Operating Income Projected 144000 Other Fees 0.0 Other Income Actual 0 Pets Allowed W/Restrictions Projected Cap Rate 4.9 Projected Other Income 6800.0 Sales Restrictions N/K Security Gated Community Short Sale No Tenant Pays Other/Remarks Terms CashConventionalExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Deposit 0 Unit1 Occupied Owner Unit1 Projected Rent 5000.0 Unit1 Rent Actual 1400.0 Unit2 Deposit 2200 Unit2 Occupied Tenant Unit2 Projected Rent 3300.0 Unit2 Rent Actual 2500.0 Unit3 Deposit 2300 Unit3 Occupied Tenant Unit3 Projected Rent 2950 Unit3 Rent Actual 2400.0 Unit4 Deposit 3500 Unit4 Occupied Tenant Unit4 Projected Rent 4250 Unit4 Rent Actual 3700.0 Water District Carlsbad Municipal Water Distri Zoning R-2:Minor

    Listing provided courtesy of Compass. Listing information © 2020 San Diego MLS Inc. Source: SDMLS
    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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
    https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_200028185-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_200028185-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_200028185-2.jpg
    Logo
    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101