$3,950,000
$4,250,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 01/16/2025
Key Details
Sold Price $3,950,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 240013825SD
Sold Date 01/16/25
HOA Y/N No
Property Description
Extremely well-located, value-add complex in Carlsbad Village. Priced at a 4.22% CAP on actuals with 24% upside in rents, The Breeze Apartments consists of ten (10) 1Bedroom / 1Bathroom single-level apartment homes and sits on a 9,145 sf parcel. Property amenities include a common lounge/BBQ area, laundry facility, and eleven (11) off-street surface parking spots. The property offers an investor upside in rents (5.60% Proforma CAP) in one of San Diego's most sought after Coastal North County Markets. Located West of I-5, the property is a few blocks to the Carlsbad Village Shops and Restaurants, and walking distance from the sand.
Location
State CA
County San Diego
Area 92008 - Carlsbad
Interior
Fireplace No
Exterior
Total Parking Spaces 11
Others
Tax ID 2040922400
Financing Cash
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Bought with Brian Nelson • South Coast Commercial Inc.