$6,795,000
Relax, Sit Back and Close your eyes. This Southern California Prime Coastal Beachside Property is what developmental dreams are truly made of. 11 Quintessential Carlsbad Beach Rentals on 2 contiguous lots equaling close to a 1/2 acre. With Grand Ocean Views and Located directly across from the Beach on “The Boulevard”. Situated in a prime location in a Mecca City that attracts the lifestyle of the Influential Elitist and all those desiring healthy Coastal Beach Living. This uniquely blended 1 of a kind property stands currently as a passive income investment. Money earned with minimal ongoing effort, just requiring an upfront investment of some time, money, and resources with the future reward of the huge developmental upside. Don’t by shy and go all in and Build Your Dream. Brewery. Bodega. Boutique Hotel. Bistro Restaurant. Mixed use Commercial/Residential. Ask the City and they will tell you all this and more can be possible. This Carlsbad Village Real Estate Holding stands proudly close to the home of world renowned properties including the Beachside Tropical Oasis known as the “Ocean Palms Beach Resort” as well as “Das Carlsbad Mineral Spa” (It’s aquifer water was historically declared "Most Healthful" by California state officials in 1991) plus Legoland California Resort and many more. Also on that local list of allure are Michelin starred Restaurants, the modern French “Jeune et Jolie” and “Restaurant Lilo”. All complimented by some of the best climatic weather and highly rated Sandy Beaches. This Phenomenal Real Estate Acquisition can be your new stepping stone to further your monetary success to the next level and beyond. Inquire further for current financials, site plan layout and pro forma. *Agents and Buyers Note ** Sale includes 2 addresses and 2 separate APN’s. There are 9 “Real Property” rental units and 2 “Space Rentals” with a 5th wheel and a mobile home that are staying. Year built and overall total square footage is an estimate. Built prior to the City of Carlsbads incorporation in 1952. The County of San Diego will be your best property history resource. But the City of Carlsbad is your best source for all future development possibilities. I have City Contacts to pass on to help you with the developmental investigation of this property. Units are older but have been maintained. Combining both lots puts it at the highest and best developmental designation : “The Village and Barrio Master Plan”. Property is Sold “AS IS”. Value is in the land and the beachside location with a gross income close to $18,000 monthly while you design and build. All tenants are month to month with a pro forma upside to rental income. There is One meter for all units including power, gas and water. Owner pays all common use utilities including sewer and trash. Do ALL your due diligence upfront and then come to the table with a smile and your checkbook. No extended lag time given, be ready to close. No LOI’s. No seller JV or seller financing. Call your banker or your rich uncle. Property interior features shown with a negotiable offer backed by superior financials. No Exceptions. See photos that includes rent role and unit descriptions.
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Listed by Michael Collimore with Turner Real estate (760) 729-2333
Property Type
Residential Income
Status
Active
MLS Number
PTP2602684
Year Built
1950
Lot Size
0.43 acres