150 Walnut Ave - Apartments FOR SALE


Carlsbad, CA 92008
$9,450,000 USD
858-945-7094
150 Walnut Ave, Carlsbad, CA for Sale
$9,450,000 USD
Apartments - FOR SALE
1/25
null | 5.07% Cap Rate

150 Walnut Ave
Carlsbad, CA 92008


OVERVIEW

The Beach Palms Carlsbad—a luxurious vacation rental property. Currently in operation and permitted for vacation rentals. Conveniently situated across from pristine Carlsbad Beach, this property is within walking distance of fine dining, shopping, galleries, and entertainment in Carlsbad Village. Comprising two low-rise buildings—two stories each—the South building houses six two-bedroom units, while the North building features one one-bedroom unit and one three-bedroom unit. For added convenience, a laundry room equipped with complimentary washers/dryers and detergent is 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. ADU Potential: With its spacious lot and existing structures, this property offers the opportunity for additional dwelling units (ADUs), enhancing rental income potential and maximizing long-term value. Whether as additional vacation rentals or long-term rental units, ADUs could provide significant upside in this prime coastal location. Buyer to conduct their own due diligence regarding the feasibility and approval process for adding ADUs.

FOR SALE DETAILS

PRICE

$9,450,000 USD

PRICE/SF

$1,480 USD /SF

# OF UNITS

8

PRICE/UNIT

$1,181,250

CAP RATE

5.07%

% 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.