150 Walnut Ave - Apartments FOR SALE


Carlsbad, CA 92008
$9,950,000 USD
858-945-7094
150 Walnut Ave, Carlsbad, CA for Sale
$9,950,000 USD
Apartments - FOR SALE
1/25
null | 4.56% Cap Rate

150 Walnut Ave
Carlsbad, CA 92008


HIGHLIGHTS

  • Situated across the street from the pristine Carlsbad Beach, this property offers unparalleled access to the sun, sand, and surf.
  • Within walking distance to the vibrant Carlsbad Village.
  • Operating as a luxurious vacation rental property.
  • Two low-rise buildings with a diverse unit mix. Separated by a expansive courtyard.

OVERVIEW

The Beach Palms Carlsbad—a luxurious vacation rental property. Currently in operation and permitted for vacation rentals. Nestled just opposite the pristine Carlsbad Beach, this prime location is a leisurely stroll away from Carlsbad Village’s vibrant scene, boasting fine dining, shopping, galleries, and entertainment. Comprising two low-rise buildings—each spanning two stories—the South building comprises six 2-bedroom units, while the North building offers a 1-bedroom unit and a 3-bedroom unit. Additionally, a convenient laundry room with complimentary washers, dryers, and detergent is centrally located within the courtyard. The owners have undertaken a comprehensive renovation, outfitting the interiors and common areas with top-of-the-line amenities that cater to guests’ expectations of luxury. They’ve also reimagined the expansive courtyard into a tropical sanctuary, providing guests with a space to unwind, enjoy barbecues, and spend quality time with loved ones.

FOR SALE DETAILS

PRICE

$9,950,000 USD

PRICE/SF

$1,558 USD /SF

# OF UNITS

8

PRICE/UNIT

$1,243,750

CAP RATE

4.56%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Beach Palms Carlsbad

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

R-4

APN/PARCEL ID

204-123-08

ASK ABOUT THIS PROPERTY

Aaron BoveMarcus & MillichapMore Info
858-945-7094

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Aaron BoveMarcus & MillichapMore Info
858-945-7094

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.