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    141 Cherry Avenue

    Carlsbad, CA 92008
    • $2,800,000
    • STATUS: ACTIVE
    • ON SITE: 84 days
    • ID#: 200050144
    $2,800,000
    • 1
      BEDS
    • 0.14
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    We are proud to present the Cherry Apartments located in the desirable beach community of Carlsbad, California. This 7 unit apartment investment was built in 1959 and consists of 6 one bedroom, one bathroom units and 1 non-conforming studio. The property amenities include off-street parking, lush tropical landscaping, and small yards/patios in select units, balconies, and storage units. 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.

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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.sandiegoareahomesforsale.co/homes/111451924
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    141 Cherry Avenue Carlsbad, CA 92008

    • Price: $2,800,000
    • Status: ACTIVE
    • ID#: 200050144
    1
    Beds
    2
    Baths
    0
    ½ Baths
    0.14
    Acres
    Neighborhood:
    Carlsbad (92008)
    County:
    San Diego
    Area:
    Carlsbad (92008)
    Property Description
    We are proud to present the Cherry Apartments located in the desirable beach community of Carlsbad, California. This 7 unit apartment investment was built in 1959 and consists of 6 one bedroom, one bathroom units and 1 non-conforming studio. The property amenities include off-street parking, lush tropical landscaping, and small yards/patios in select units, balconies, and storage units. 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.
    Exterior Features

    Carports 7 Construction Lath/PlasterStucco Exterior All Auto SprinklersBlock FenceCable AvailableFully LandscapedWood Fence Parking Carports Parking Spaces Total 7 Roof Composition Units With Garages 0

    Interior Features

    Cooling None Floor Coverings TileVinylWall To Wall Carpet Floors SlabWood Heating Wall Laundry Leased Sq Ft Of Improvement 2728 Stories 2 Story Unit Furnished1 0 Unit Furnished2 0 Units With Dishwashers 0 Units With Disposals 6 Units With Drapes 7 Units With Ranges 7 Units With Refrigerators 7

    Property Features

    Actual Cap Rate 3.12 Actual Gross Scheduled Income 136080.0 Actual Operating Expense 45928 Assumable Finance 0 Buildings 1 Complex Features None Existing Financing Clear Financial Information Source Owner Fiscal Year From 19 Fiscal Year To 20 Flood Zone Hazard Unknown Geological Hazard Zone Hazard Unknown Gross Equity 2800000 Gross Multiplier 20.58 Have Units Leased Apartments 7 Mandatory Remarks None Known Market Area Coastal North Monthly Rent Total 11336 Motive Want Exchange Other Income Actual 0 Other Income Amount 0 Other Income Source 0 Present Loan 0 Short Sale No Sq Ft Source Tax Record Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Terms CashCash To New Loan Unit Number1 6 Unit Number2 1 Unit Rent Total1 10536 Unit Rent Total2 800 Unit Rent1 1756 Unit Rent2 800 Unit Type Apartment Zoning R-4

    Listing provided courtesy of Acre Investment Real Estate. 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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    Steven G. Fraioli & Associates
    13176 Midbluff Ave
    San Diego CA, 92128