3143 Madison St

Carlsbad, CA 92008 View Map $3,100,000 Schedule a Tour
Beds11
Baths6
Sq.Ft.7,060
Year2004
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Status: Active
Listing Office:Compass
Property Type:Res Income 2-4 Units
MLS #:200028185
Sq. Feet:7,060
On Site:15 Days
Lot Size:0.16 Acres
County:San Diego
SWEO $3.1 - $3.3. Holding true to Coastal Carlsbad's inviting atmosphere, each of its four dwellings have been constructed on three simple principals: Individuality-Quality-Privacy. Offering a 4bd-2ba, 3bd-2ba, 2bd-1ba, and 2bd 1ba w/ rooftop deck. Parking for up to 9 cars, communal gathering areas, spa, and decks, ensure coveted tranquility to perspective tenants. Units can also be easily combined and offer flexible options for increased revenue or large family living. Prime location. See Supplement...

Village Greene is unique in design by offering residents the truest form of multiple unit living. Actual square footage via professional mapping reflects a total of 6034 square feet. Numerous unit combinations with minor interior wall adjustments make Village Greene not only an attractive investment property, but a viable candidate for a large family compound. For many years, the current owners have enjoyed cost-free occupancy of the front home while realizing net profits from the rental income. Investing buyers will delight in nominal maintenance costs, forecasted appreciation with many surrounding development projects underway, and rental income diversity. Both longterm tenancy and vacation rental income can be assigned concurrently to maximize seasonal opportunities. Appointed as 5 distinct homes, Residences 1 and 5 are easily combined to make 4 total units, inviting attractive residential financing options. Both residence 1 and 4 come with in-unit laundry, and garage parking. Communal areas include bbq and gathering areas, a 2nd level atrium deck, spa, sun deck and grass area. Parking for up to 9 cars within property lines ensure a coveted perk to perspective occupants. Solar panels supply the front house which comes equipped with its own sauna. This property has to be seen to truly appreciate all of its offerings and build quality. The thoughtful construction, layout and execution is second-to-none. Carlsbad Village offers a thriving and diverse selection of entertainment, dining, nightlife and live music. Carlsbad West is also consistently rated as one of the best beach communities in the country and Village Greene is Coastal Carlsbad at its finest.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

Detailed Maps

Community Information

Address:3143 Madison St Carlsbad, CA 92008
County:San Diego
Area (MLS Code):Coastal North
Zip Code:92008
Community:CARLSBAD WEST

Architecture

Bedrooms: 11
Bathrooms: 6
Year Built:2004
Stories:3
Exterior: Stucco
Total Stories: 3
Unit 1: 3 beds, 2 baths. Rent: $1400.0
Unit 2: 2 beds, 1 bath. Rent: $2500.0
Unit 3: 2 beds, 1 bath. Rent: $2400.0
Unit 4: 4 beds, 2 baths. Rent: $3700.0
Roof: Composition

Features / Amenities

Total Sq. Ft.:7060
Pets Allowed: Allowed w/Restrictions
Security Features: Gated Community
Heating: Forced Air Unit
Heat Source: Electric, Natural Gas

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 Size: 0.16 Acres
Lot Dimensions:4,000-7,499 SF
Fencing: Full, Gate
Zoning:R-2:MINOR

Tax and Financial Info

Gross Sched Income Actual: $132, 000
Gross Sched Income Projected: $186, 000
Annual Expense Actual: $8, 000
Annual Expense Projected: $8, 000
Other Income Projected: $6, 800
Cap Rate Actual: $3
Cap Rate Projected: $5
Terms: Cash, Conventional, Exchange

Schools

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3143 Madison St Carlsbad, CA 92008
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3143 Madison St Carlsbad, CA 92008
 
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Listing information last updated on July 2, 2020 8:00 AM EST.