141 Cherry, Carlsbad, CA 92008
141 Cherry, Carlsbad, CA 92008
141 Cherry, Carlsbad, CA 92008
141 Cherry, Carlsbad, CA 92008
141 Cherry, Carlsbad, CA 92008
141 Cherry, Carlsbad, CA 92008
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Ruby Raymond

Ruby Raymond

+1(805) 201-6341
$ 4,000,000
Est. payment | /mo

5,000 Sqft Lot

Save
$ 4,000,000
Est. payment | /mo
Save

5,000 Sqft Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 230019662SD

HOA Y/N No

Lot Size 5,000 Sqft

Property Sub-Type Mixed Use

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 92008 - Carlsbad

Zoning R-3

Interior

Heating Wall Furnace

Fireplace No

Exterior

Carport Spaces 7

Roof Type Composition,Tar/Gravel

Total Parking Spaces 8

Others

Tax ID 2042321500

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Craig Stewart Acre Investment Real Estate #01060001

NEARBY SCHOOL & BUSINESS

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

Jeff M

Purchase

Ruby and the Raymond Team were great. We're in our new home right now writing this. Ruby helped make this happen and if you are looking for a home in the 5 Cities area I suggest you give Ruby a call. Thanks Ruby, SM

RonSteinback

The broker that everyone hopes to hire!

Patrick listed and sold two properties for me this year, and I intend to use him on a third transaction. Patrick is responsive and knows the local area. I am a broker myself, but located in southern California. Patrick is the broker that everyone hopes to hire!

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Ruby Raymond
Ruby Raymond

Broker Associate | License ID: 01342959

+1(805) 201-6341 | homes@raymondteamre.com

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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 Ruby Raymond, 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.