150 Walnut Avenue
Property Description
ACRE Investment Real Estate Services is proud to present The Beach Palms rental property. Currently operating and permitted as a vacation rental property, the potential buyer can continue to reap the increased revenue from vacation rental business, or convert back to a high-end month-to-month rental property. The owners modernized the interiors and common area with the latest luxurious amenities that guests come to expect. They also transformed the large courtyard into a tropical oasis where guests can go to unwind and relax, have a BBQ or spend time with friends and family. There is also an opportunity to add an ADU unit at the rear of the property for additional income. Located across the street from pristine Carlsbad Beach. Walking distance to fine dinning, shopping, galleries and entertainment in Carlsbad Village. The property has two, 2-story low rise buildings, that include a total of 8 units. The South building has Six 2- bedroom units and the north building has one 1-bedroom unit and one 3-bedroom unit. A laundry room is located inside the courtyard, equipped with two complimentary, washers/dryers and laundry detergent. No expense was spared on the total renovation of this property. It will be sold with all the furnishings and electronics.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $8,995,000 |
| No. of Units: | 8 |
| Average Occupancy: | 3.82 |
| Year Built: | 1959 |
| Lot Size: | 0.30 Acres |
| Opportunity Zone: | No |
| Price per unit: | $1,124,375 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
18922 Bahama Street
Northridge, California
6063 Fremont St
Riverside, California
198 Avenida Majorca, Unit 0
Laguna Woods, CaliforniaBrokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout