Co-Listed with Greg Noonan
Frequently Asked Questions
Are there tenants currently residing in all ten units?
Yes, all units are currently rented.
What is the current scheduled income of the property?
$390,000 annually, however the market rate can elevate the income potential to $513,000.
What are my options with these properties as an investor?
The flexibility of two parcels of land, buildings and the unit mix gives a savvy buyer flexibility to maximize their return through increased rents, vacation rentals or possible condo conversion.
Option 1: Keep long term tenants for low maintenance, low risk cash flow. The buildings newer construction and oceanfront location forecasts low maintenance costs and low vacancy rates with a strong rental market. The rental market in Coastal San Diego is expected to appreciate with the limited inventory.
Option 2: Rent the units out as vacation rentals to maximize cash flow for this great vacation rental location. Flexibly rent out each unit short or long term as desired to create a mix of maximized vacation rents and long term stable rent revenue.
Option 3: Condo conversion creates individual unit sales after the condo mapping process is completed. The oceanfront property market has limited inventory, and creating individual units for sale increases the marketability of the units to potential future buyers. While the investor undertakes this process, they can mitigate expenses by keeping tenants in place, using either of the first two options.
What is the size of each unit?
There are 7 units that have 3 bedrooms and 3 units that have 2 bedrooms, all of which have a bonus room, attached garages, and large private patios.
Do many of the units have ocean views?
All 10 units have ocean views.
What places can you walk to from the Carlsbad seaside apartments?
These seaside units are directly across from broad sandy Carlsbad Beach and within a stroll to Carlsbad village restaurants and shops.
Is there parking for each unit?
Yes, each unit comes with off street parking that house 1-2 car garages.
What is the square footage and the address of the lot?
The combined lots are 22,284 square feet that takes up an entire city block on Carlsbad Blvd. from Juniper to Hemlock. The address of the location is 3710-3728 Carlsbad Blvd.
What are some of the highlights of the individual units?
- Stainless steel KitchenAid appliances.
- Gas Stoves
- Sprinkler Fire Suppression
- Crown Molding
- Recessed Lighting
- Tile & Carpet Flooring
- Solid core interior doors
- Copper rain gutters
- Full window coverings
- Mirrored wardrobe closet doors
- Finished Garages