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    Address Not Available By Request

    Carlsbad, CA 92008
    • $3,750,000
    • STATUS: ACTIVE
    • ON SITE: 105 days
    • ID#: 200031216
    UPDATED: 63 min ago
    $3,750,000
    • 7
      BEDS
    • 0.5
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    This is a fantastic opportunity to own a North County Coastal property west of Interstate-5 in Carlsbad. This property is within walking distance to the beach, retail, dining and transportation. There is upside in rental income as well as the zoning allows for a savvy investor to build 3 additional 2bedroom/bathroom units. Currently the unit mix consists of one (1) 3bedroom/2bathroom house, two (2) 2bedroom/1bathroom units, six (6) 1bedroom/1bathroom units and two (2) studio units. There’s an onsite laundry room and ample onsite parking (6 carport spaces, two single-car garages and surface parking). This is an ideal opportunity for an investor seeking a value-add coastal property with the ability to build additional units and increase cash-flow.

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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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/107538070
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    Address Not Available By Request Carlsbad, CA 92008

    • Price: $3,750,000
    • Status: ACTIVE
    • Updated: 63 min ago
    • ID#: 200031216
    7
    Beds
    6
    Baths
    0
    ½ Baths
    0.5
    Acres
    Neighborhood:
    Carlsbad (92008)
    County:
    San Diego
    Area:
    Carlsbad (92008)
    Property Description
    This is a fantastic opportunity to own a North County Coastal property west of Interstate-5 in Carlsbad. This property is within walking distance to the beach, retail, dining and transportation. There is upside in rental income as well as the zoning allows for a savvy investor to build 3 additional 2bedroom/bathroom units. Currently the unit mix consists of one (1) 3bedroom/2bathroom house, two (2) 2bedroom/1bathroom units, six (6) 1bedroom/1bathroom units and two (2) studio units. There’s an onsite laundry room and ample onsite parking (6 carport spaces, two single-car garages and surface parking). This is an ideal opportunity for an investor seeking a value-add coastal property with the ability to build additional units and increase cash-flow.
    Interior Features

    Sq Ft Of Improvement 6557

    Property Features

    Actual Cap Rate 3.77 Actual Gas And Electric 2850 Actual Gross Operating Income 217552 Actual Gross Scheduled Income 222360.0 Actual Maintenance Expense 2750 Actual Operating Expense 76105 Actual Other Expense Rubs (-1800) Misc 1500 Actual Pest Control Expense 5300 Actual Prop Management 8702 Actual Supplies Expense 2750 Actual Taxes Expense 41307 Actual Total Expense 76105 Actual Trash Expense 4620 Actual Vacancy And Credit Loss 6728 Actual Water Sewer Expense 5600 Assumable Finance 1800000 Buildings 3 Gross Equity 1950000 Gross Multiplier 16.72 Have 11 Units (2 Parcels) Mandatory Remarks None Known Market Area Coastal North Monthly Rent Total 18530 Motive Want Sell Other Income Actual 1920 Other Income Amount 160 Other Income Source Laundry Projected Cap Rate 4.82 Projected Fl Ins Expense 2526 Projected Fl Ins Expense1 2526 Projected Gas And Electric 2850 Projected Gross Multiplier 14.07 Projected Gross Operating Inc 258466 Projected Gross Scheduled Inc 264540 Projected Maintenance Expense 2750 Projected Net Income 180725 Projected Operating Expense 77742 Projected Other Expense Rubs (-1800) Misc 1500 Projected Other Income 1920 Projected Pest Expense 5300 Projected Property Mgmt Expense 10339 Projected Supplies Expense 2750 Projected Taxes Expense 41307 Projected Total Expense 77742 Projected Trash Expense 4620 Projected Vacancy And Credit Loss 7994 Projected Water And Sewer Expense 5600 Short Sale No Unit Number1 2 Unit Number2 5 Unit Number3 2 Unit Number4 1 Unit Number5 1 Unit Rent Total1 2746 Unit Rent Total2 7825 Unit Rent Total3 3834 Unit Rent Total4 2430 Unit Rent Total5 1695 Unit Rent1 1373 Unit Rent2 1565 Unit Rent3 1917 Unit Rent4 2430 Unit Rent5 1695

    Listing provided courtesy of Apartment Realty Group (Arg). 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.
     
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    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101