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    3366 Roosevelt

    Carlsbad, CA 92008
    • $3,500,000
    • STATUS: ACTIVE
    • ON SITE: 27 days
    • ID#: 210006855
    UPDATED: 68 min ago
    $3,500,000
    • 1
      BEDS
    • N/A
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    The subject property is a 10 unit coastal apartment property offering a stable operation, efficient unit mix of all one bedroom units with excellent cash flow potential. The property is located only 0.4 miles to the beach with easy access to shopping, restaurants, and entertainment in the Village of Carlsbad. Additionally, Carlsbad Parks & Recreation, Park Avenue Park and Chase Field are all located within 3 blocks from the subject property offering picnic areas, playgrounds, soccer fields, baseball diamonds, and a large grass field. It is a great residential neighborhood for kids. Not only does this property offer tenants many close by amenities, it also offers investors excellent cash flow potential at market rental rates.

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    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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/115188824
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    3366 Roosevelt Carlsbad, CA 92008

    • Price: $3,500,000
    • Status: ACTIVE
    • Updated: 68 min ago
    • ID#: 210006855
    1
    Beds
    1
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Carlsbad (92008)
    County:
    San Diego
    Area:
    Carlsbad (92008)
    Property Description
    The subject property is a 10 unit coastal apartment property offering a stable operation, efficient unit mix of all one bedroom units with excellent cash flow potential. The property is located only 0.4 miles to the beach with easy access to shopping, restaurants, and entertainment in the Village of Carlsbad. Additionally, Carlsbad Parks & Recreation, Park Avenue Park and Chase Field are all located within 3 blocks from the subject property offering picnic areas, playgrounds, soccer fields, baseball diamonds, and a large grass field. It is a great residential neighborhood for kids. Not only does this property offer tenants many close by amenities, it also offers investors excellent cash flow potential at market rental rates.
    Interior Features

    Sq Ft Of Improvement 5000

    Property Features

    Actual Cap Rate 3.3 Actual Gross Operating Income 183214 Actual Gross Scheduled Income 188880.0 Actual Operating Expense 68773 Actual Vacancy And Credit Loss 5666 Assumable Finance 0 Complex Features Other/Remarks Gross Equity 0 Gross Multiplier 18.53 Have Apartments Mandatory Remarks None Known Market Area Coastal North Motive Want Sale Projected Cap Rate 4.6 Projected Gross Multiplier 15.31 Projected Gross Operating Inc 233382 Projected Gross Scheduled Inc 240600 Projected Net Income 162101 Projected Operating Expense 71281 Projected Vacancy And Credit Loss 7218 Unit Number1 10

    Listing provided courtesy of Ray Adams Investment Re Inc. Listing information © 2021 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 © 2021 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