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