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.