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Jason Lopez

jasonlopez619@gmail.com +1(619) 248-6434

$4,000,000

Est. payment - /mo

1 Bed

2 Baths

2,728 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 2,728 sqft

Price per Sqft $1,466

MLS Listing ID 230019662

Bedrooms 1

Lot Size 5,000 Sqft

Property Sub-Type Com-Res Income

Property Description

Cherry Apartments are located in the desirable beach community of Carlsbad, California. This 7 unit apartment investment was built in 1958 and consists of 6 one bedroom/one bath units, and 1 non-conforming studio unit. The property amenities include off -street parking, lush tropical landscaping, and small yards/patios in select units and balconies. The interiors feature gas appliances and dual pane windows. There are storage closets in the carport area and ocean views from some of the units. The property has been well maintained and professionally managed and shows a true pride of ownership. The property's proximity to the ocean is a great draw for potential renters and results in premium rental rates for each unit. The location of the property is less than 1/2 a block from one of the most desirable beaches in Southern California. It is also a short distance to restaurants, premier shopping malls, and major employers. The Cherry Apartments is a rare investment asset that will provide future appreciation opportunity and steady cash fl ow for years to come. There are several opportunities for an investor looking to add value: * Remodel and update the interiors of the units and raise rents by $300/$400per unit. * Remodel the units in rent some or all as short-term vacation rentals. * Scrape the existing structures and build 4-8 multi-million dollar townhomes * Leave as is and enjoy future appreciation due to proximity to the beach.

Location

State CA

County San Diego

Area Coastal North

Zoning R-3

Direction Google it

Interior

Heating Wall

Cooling None

Flooring Slab, Wood

Fireplace No

Laundry Leased

Exterior

Parking Features Carports

Carport Spaces 7

View Y/N No

Roof Type Composition,Tar & Gravel

Total Parking Spaces 8

Building

Dwelling Type Apartment

Story 2

Others

Senior Community No

Tax ID 204-232-15-00

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

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Listed by Craig Stewart, DRE#01060001 Acre Investment Real Estate

Nearby School & Business

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Jason Lopez

+1(619) 248-6434

Director of Agent Growth and Development License ID: 01180851

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141 Cherry Carlsbad, CA 92008

Jason Lopez

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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