3177 Lincoln St - Apartments FOR SALE


Carlsbad, CA 92008
$4,850,000 USD
3177 Lincoln St, Carlsbad, CA for Sale
$4,850,000 USD
Apartments - FOR SALE
1/3
null | 3.69% Cap Rate

3177 Lincoln St
Carlsbad, CA 92008


HIGHLIGHTS

  • Surface Parking
  • Blocks From Beach
  • Walking Distance to Carlsbad Village

OVERVIEW

We are pleased to present an exclusive 6-unit offering just blocks from the beach in the heart of Carlsbad Village — 3177 Lincoln Street. This is a rare opportunity to acquire a quality multifamily asset in one of San Diego County’s most desirable coastal submarkets, with immediate upside through short-term rental conversion. Key Highlights: Offered at: $4,850,000 Unit Mix: (2) 1BD/1BA, (4) 2BD/1BA Building Size: 5,044 SF | Lot Size: 8,160 SF Current CAP Rate: 3.69% | Pro Forma CAP Rate: 7.14% Current GRM: 18.21 | Pro Forma GRM: 5.55 Projected Gross Annual Rent: $873,600 via STR Surface Parking + Minimal Landscaping for Low Opex This property has been thoughtfully upgraded and is ideally located within walking distance to beaches, restaurants, and shops in Carlsbad Village. Under a short-term rental strategy, the projected Net Operating Income increases by nearly 2x, offering strong yield in a high-barrier, supply-constrained market.

FOR SALE DETAILS

PRICE

$4,850,000 USD

PRICE/SF

$589 USD /SF

# OF UNITS

6

PRICE/UNIT

$808,333

CAP RATE

3.69%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,598 SF

ZONING

R3, Carlsbad

APN/PARCEL ID

203-250-09

ASK ABOUT THIS PROPERTY

Aaron BoveMarcus & MillichapMore Info

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Aaron BoveMarcus & MillichapMore Info

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