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975 Laguna Dr

Carlsbad, CA 92008
  • $9,250,000
  • STATUS: ACTIVE
  • ON SITE: 25 Days
  • ID#: 240011904
$9,250,000
  • 5
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Rare west of I-5 value-add coastal multifamily opportunity with 35% rental upside. Located in the sought-after Carlsbad Village this property consists of thirteen (13) 2Bedroom/1Bathroom Units; six (6) 1Bedroom/1Bathroom Units; and one (1) 2Bedroom/2Bathroom unit and is situated on a 26,572 sq ft lot. Downstairs units have private yards and patios with select units offering interior access to garages. In addition, amenities include onsite laundry and ample parking with twenty (20) garages and two (2) off-street parking spaces. The property offers upside in rents through a full reposition, as well as ADU potential through garage conversions. This sizable and coastal value-add property is the perfect blend of value, scale and location.

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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/151007339
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975 Laguna Dr Carlsbad, CA 92008

  • Price: $9,250,000
  • Status: ACTIVE
  • On Site: 25 Days
  • ID#: 240011904
5
Beds
4
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Carlsbad (92008)
County:
San Diego
Area:
Carlsbad (92008)
Property Description
Rare west of I-5 value-add coastal multifamily opportunity with 35% rental upside. Located in the sought-after Carlsbad Village this property consists of thirteen (13) 2Bedroom/1Bathroom Units; six (6) 1Bedroom/1Bathroom Units; and one (1) 2Bedroom/2Bathroom unit and is situated on a 26,572 sq ft lot. Downstairs units have private yards and patios with select units offering interior access to garages. In addition, amenities include onsite laundry and ample parking with twenty (20) garages and two (2) off-street parking spaces. The property offers upside in rents through a full reposition, as well as ADU potential through garage conversions. This sizable and coastal value-add property is the perfect blend of value, scale and location.
Exterior Features

Parking Spaces Total 22 Units With Garages 20

Interior Features

Sq Ft Of Improvement 16891 Unit Furnished1 No Unit Furnished2 No Unit Furnished3 No

Property Features

Actual Cap Rate 3.71 Actual Gross Scheduled Income 543660.0 Actual Operating Expense 192813 Assumable Finance 0 Buildings 6 Gross Equity 0 Gross Multiplier 16.74 Have Coastal Value Add Mandatory Remarks None Known Market Area Coastal North Motive Want Cash Out Projected Cap Rate 5.56 Projected Gross Multiplier 12.45 Projected Gross Scheduled Inc 733200 Projected Net Income 514275 Projected Operating Expense 206241 Unit Number1 1 Unit Number2 13 Unit Number3 6 Unit Rent Total1 2750 Unit Rent Total2 30095 Unit Rent Total3 12460 Unit Rent1 2750 Unit Rent2 2315 Unit Rent3 2076

San Diego MLS logo Listing provided courtesy of Angelo La Bruna of Apartment Realty Group (ARG): 858-247-1095. 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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