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350-370 Chinquapin Ave

Carlsbad, CA 92008
  • $12,500,000
  • STATUS: ACTIVE
  • ON SITE: 52 Days
  • ID#: 240004226
$12,500,000
  • 3
    BEDS
  • 1.22
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We are pleased to present Camelot Terrace Apartments for sale in an irreplaceable coastal location in Carlsbad, San Diego. The subject is less than 400 yards from Tamarack Beach and the Pacific Ocean. Camelot Terrace offers an ideal unit mix of four 1-bed/1-bath units and 21 large 2-bed/1.5 bath town home units. The low density community sits on a large 1.22 acre parcel with ample parking and community laundry facilities. The subject has been well-maintained and professionally managed. In recent years, select unit interiors and the building exterior have been improved. A future investor could complete a deeper renovation with high-end finishes and additional amenities such as in-unit washer and dryers to raise rents significantly. The coastal sub-market of Carlsbad is one of the most desirable markets in San Diego. The subject property will always be in high demand due to the lack of supply from the scarcity and high cost of developable land. The subject benefits from close proximity to the beach and is less than 1-mile from Carlsbad Village's commercial core with abundant restaurants and shopping. The nearest light rail station is 1-mile from the subject, which connects riders from Oceanside to Downtown San Diego and beyond.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/148051600
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350-370 Chinquapin Ave Carlsbad, CA 92008

  • Price: $12,500,000
  • Status: ACTIVE
  • On Site: 52 Days
  • ID#: 240004226
3
Beds
2
Baths
1
½ Baths
1.22
Acres
Neighborhood:
Carlsbad (92008)
County:
San Diego
Area:
Carlsbad (92008)
Property Description
We are pleased to present Camelot Terrace Apartments for sale in an irreplaceable coastal location in Carlsbad, San Diego. The subject is less than 400 yards from Tamarack Beach and the Pacific Ocean. Camelot Terrace offers an ideal unit mix of four 1-bed/1-bath units and 21 large 2-bed/1.5 bath town home units. The low density community sits on a large 1.22 acre parcel with ample parking and community laundry facilities. The subject has been well-maintained and professionally managed. In recent years, select unit interiors and the building exterior have been improved. A future investor could complete a deeper renovation with high-end finishes and additional amenities such as in-unit washer and dryers to raise rents significantly. The coastal sub-market of Carlsbad is one of the most desirable markets in San Diego. The subject property will always be in high demand due to the lack of supply from the scarcity and high cost of developable land. The subject benefits from close proximity to the beach and is less than 1-mile from Carlsbad Village's commercial core with abundant restaurants and shopping. The nearest light rail station is 1-mile from the subject, which connects riders from Oceanside to Downtown San Diego and beyond.
Exterior Features

Construction Stucco Parking Spaces Roof Composition

Interior Features

Cooling None Heating Radiant Laundry Leased Sq Ft Of Improvement 21300

Property Features

Actual Gross Scheduled Income 823164.0 Actual Operating Expense 324221 Assumable Finance 0 Buildings 3 Financial Information Source Owner Gross Equity 6875000 Gross Multiplier 15.2 Have 25 Units Mandatory Remarks None Known Market Area Coastal North Motive Want Cash Out Short Sale No Sq Ft Source Owner Unit Number1 4 Unit Number2 21 Unit Rent Total1 9356 Unit Rent Total2 59241 Unit Rent1 2339 Unit Rent2 2821 Unit Type Apartment

San Diego MLS logo Listing provided courtesy of Eric Comer of Eric D. Comer, Broker: 858-369-3083. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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San Diego CA, 92110