CA > Carlsbad
Carlsbad, CA 92008,141 Cherry
Carlsbad, CA 92008,141 Cherry
Carlsbad, CA 92008,141 Cherry
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
Mon
15
Dec
Tue
16
Dec
Wed
17
Dec
Jerrod Waller

Jerrod Waller

San Diego Realty Company

+1(858) 822-8634
$5,100,000
Est. payment /mo
1 Bed
2,728 SqFt
Save

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 $1,869

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

Read Less Info
MLS Router / San Diego MLS
Listed by Craig Stewart Acre Investment Real Estate
Jerrod Waller

“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”
 

+1(858) 822-8634

jwaller@sdrealtyco.com

3555 5th Avenue 3rd Floor, San Diego, CA 92103

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of San Diego Realty Company, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

141 Cherry