REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 11,050,000
Est. payment /mo
Active
141-145 Cherry Ave Carlsbad, CA 92008
5,935 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,935 sqft
Price per Sqft $1,861
MLS Listing ID 230009615
Property Description
Cherry Apartments is located in the desirable beach community of Carlsbad, California. This 13 unit apartment investment was built in 1959 and consists of 11 one bedroom/one bath units, 1 two bedroom/one bath house, and 1 non-conforming studio. 00 These units are located on two adjoining parcels, APN 204-232-15-00 and APN 204-232-16-00. The property amenities include off-street parking, lush tropical landscaping, and small yards/patios in select units, balconies, and on-site laundry. 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 ?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/$400 per 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
Location
State CA
County San Diego
Community Ctv Avail
Area Coastal North
Zoning R-4
Direction Google it
Interior
Heating Wall
Cooling None
Flooring Slab, Wood
Fireplace No
Laundry Leased
Exterior
Parking Features Carports
Carport Spaces 13
View Y/N No
Roof Type Composition,Tar & Gravel
Building
Dwelling Type Apartment
Story 2
Others
Tax ID 2 APN Pkg
Listed by Craig Stewart Acre Investment Real Estate
GET MORE INFORMATION
QUICK SEARCH