2770 Madison St - Apartments FOR SALE


Carlsbad, CA 92008
$5,100,000 USD
760-822-9861
2770 Madison St, Carlsbad, CA for Sale
$5,100,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

2770 Madison St
Carlsbad, CA 92008


HIGHLIGHTS

  • Premier Carlsbad Village location with significant immediate rental upside
  • Walking distance to top ranked restaurants, beaches, parks, entertainment, and shopping
  • Large 17,681 SF lot with spacious two-bedroom (2) and one-bedroom (10) floor plans (individually metered)
  • Abundant off-street parking and private laundry facility for tenant convenience
  • Major employment hub with convenient access to Interstate 5 and Highway 78
  • Extremely competitive housing market ideal for multifamily investment

OVERVIEW

CBRE is pleased to offer for sale 2770 Madison Avenue, a 12-unit craftsman style coastal community ideally located steps away from the beach, trendy shops, restaurants, and entertainment of Carlsbad Village. Well maintained, 2770 Madison offers a new investor significant immediate rental upside. Built in 1964, the property is sprawled out over an expansive 17,681 SF lot and features an ideal unit mix of spacious floor plans, including (2) two-bedrooms and (10) one-bedrooms (all individually metered). The property also includes 12 parking spaces and a private laundry facility for the tenant’s convenience. The area is a magnet for professionals, young families, and high net worth individuals, making it ideal for multifamily investment.

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$621 USD /SF

# OF UNITS

12

PRICE/UNIT

$425,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

CR

APN/PARCEL ID

203-110-26

ASK ABOUT THIS PROPERTY

Philip BuckleyCBRE, Inc.More Info
760-822-9861

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Philip BuckleyCBRE, Inc.More Info
760-822-9861

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