150 Walnut Avenue, Carlsbad, CA, 92008
Offer Price:
$9,950,000
Cap Rate:
4.56%
Price/SF:
$1,624.76
Price/Unit:
$1,243,750
Gross Building Area:
6,124 SF
Lot Size:
13,022 SF
Status:
Active
Submarket:
North County
Property Type:
Apartments
Strategy:
Core
The Beach Palms Carlsbad—a luxurious vacation rental property. Currently in operation and permitted for vacation rentals.
Nestled just opposite the pristine Carlsbad Beach, this prime location is a leisurely stroll away from Carlsbad Village’s vibrant scene, boasting fine dining, shopping, galleries, and entertainment. Comprising two low-rise buildings—each spanning two stories—the South building comprises six 2-bedroom units, while the North building offers a 1-bedroom unit and a 3-bedroom unit. Additionally, a convenient laundry room with complimentary washers, dryers, and detergent is centrally located within the courtyard.
The owners have undertaken a comprehensive renovation, outfitting the interiors and common areas with top-of-the-line amenities that cater to guests’ expectations of luxury. They’ve also reimagined the expansive courtyard into a tropical sanctuary, providing guests with a space to unwind, enjoy barbecues, and spend quality time with loved ones.
Listed By:
Aaron Bove
Senior Managing Director, Investments
aaron.bove@marcusmillichap.com
(858) 945-7094
Nathan Duffy
Associate Investments
nathan.duffy@marcusmillichap.com
(530) 401-5510