3143 Madison St

Carlsbad, CA 92008 View Map $3,300,000 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 #:210000022
Sq. Feet:7,060
On Site:24 Days
Lot Size:0.16 Acres
County:San Diego
3143 Madison Street offers: 1800sq ft 4bd-2ba, 1670 sq ft 3bd-2ba with private yard, 780 sq ft 2bd-1ba, and 1025 sq ft 2bd-1ba w/ rooftop deck. 4 car garage, parking for up to 9 cars. Communal gathering area, spa, and decks, ensure coveted tranquility to perspective tenants. Property is smart-wired, owned-solar, and very well maintained. Value add options for increased revenue. Also a great option for a large or multigenerational family. A short stroll to toes-in-the-sand and the vibrant Carlsbad Village.

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
Subdivision:Carlsbad Village
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: $4500.0
Unit 2: 2 beds, 1 bath. Rent: $2600.0
Unit 3: 2 beds, 1 bath. Rent: $2400.0
Unit 4: 4 beds, 2 baths. Rent: $3750.0
Roof: Composition

Features / Amenities

Total Sq. Ft.:7060
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: $159, 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: $4
Cap Rate Projected: $5
Net Operating Income: $9,000
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
 
ASAP
Thu
28
Jan
Fri
29
Jan
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Jan
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31
Jan
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Feb
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Choose Your Date -- It's Free, Cancel Anytime
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