2950 La Costa Ave - Apartments FOR SALE


Carlsbad, CA 92009
$4,995,000 USD
858-247-1095
2950 La Costa Ave, Carlsbad, CA for Sale
$4,995,000 USD
Apartments - FOR SALE
1/10
null | 3.81% Cap Rate

2950 La Costa Ave
Carlsbad, CA 92009


HIGHLIGHTS

  • 8-Unit Condo Community + Incredible North County Location Each
  • Eight (8) 2-Story 1,016sf 2Bedroom / 1Bathroom Units
  • Spacious Floorplans; Private Yards / Patios; Sixteen (16) Parking Spots; In-Unit Laundry
  • Value-Add Opportunity w/ 24% Upside in Rental Income
  • Valid Tract Map & Condo Plan In-Place
  • Convenient La Costa Location Just Outside the Omni La Costa Resort & Spa

OVERVIEW

Located in the beautiful La Costa submarket of Carlsbad, one of North County San Diego’s most desirable areas, The Condominium Homes on La Costa Ave on present an investor with an amazing opportunity. The property is situated on a large 17,239sf parcel, and consists of eight (8) 2Bedroom / 1.5Bathroom 1,016sf condos. Tenant Amenities include spacious floorplans, private yards / patios, two parking spaces for each unit, and in-unit laundry. With an active tract map and condo plan already in place, An investor can take advantage of multiple value-add strategies by increasing rents to market and/or finalizing the map to sell off the condos individually. Located just outside the gates of the Omni La Costa Resort & Spa, this condo community is positioned perfectly for long term appreciation and rent growth.

FOR SALE DETAILS

PRICE

$4,995,000 USD

PRICE/SF

$615 USD /SF

# OF UNITS

8

PRICE/UNIT

$624,375

CAP RATE

3.81%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8 Unit Condo Community - La Costa

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,239 SF

ZONING

RD-M

APN/PARCEL ID

216-300-30

ASK ABOUT THIS PROPERTY

Angelo La BrunaApartment Realty Group (ARG)More Info
858-247-1095

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Angelo La BrunaApartment Realty Group (ARG)More Info
858-247-1095

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