141 Cherry

Carlsbad, CA 92008 View Map $5,100,000 Schedule a Tour
Sq.Ft.5,000
Year66
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Robert & Joy Aumann

Robert & Joy Aumann

(858) 752-8730
 
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FOR SALE: 141 Cherry Carlsbad CA 92008 | 230019662 |$5,100,000| Call Rob (858) 752-8730 for a TOUR!

Status: Active
Property Type:Com-Res Income
MLS #:230019662
Sq. Feet:5,000
On Site:13 Days
County:San Diego

Listing Agent/Office

Agent:Craig Stewart
Agent Phone:760-809-3626
Office:Acre Investment Real Estate
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.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:141 Cherry, Carlsbad, CA 92008
County:San Diego
Area (MLS Code):Coastal North
Zip Code:92008

Features / Amenities

Features: All Auto Sprinklers, Block Fence, Fully Landscaped, Wood Deck
Heating: Wall

Rooms

Dimensions
Master
Bedroom 2
Bedroom 3
Bedroom 4
Bedroom 5
Breakfast Area
Dining Room
Kitchen
Living Room
Family Room
Extra Room 1
Extra Room 2
Extra Room 3

Property Features

Lot Dimensions:.25 Acres or less
Zoning:R-3
Directions:Google it

Tax and Financial Info

Actual Operating Expense: $79, 373
Actual Gross Schd Income: $172, 824
Tenant Pays: Electricity, Gas
Terms: Cash, Cash to New Loan

Schools

WALKING AND TRANSPORTATION

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141 Cherry Carlsbad,  CA 92008
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141 Cherry Carlsbad, CA 92008
 
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Listing information last updated on April 19, 2024 3:15 PM EST.