Sold Price:

$2,795,000

Cap Rate:

2.05%

Price/SF:

$558.11  

Price/Unit:

$1,397,500 

Gross Building Area:

5,010 SF

Close of Escrow:

4/16/2021

Status:

Closed

Submarket:

North County, Coastal

Property Type:

Apartments

Strategy:

Core

INVESTMENT HIGHLIGHTS

4537 Cove Drive consists of two (2) waterfront located apartment units on the shores of Agua Hedionda Lagoon in the highly desirable coastal community of Carlsbad, CA. In addition to its irreplaceable location, the property enjoys an excellent unit mix consisting of two (2) four-bedroom/three and a half bathroom units. On-site amenities include an attached dock, two (2) wrap-around terraces, and ample parking (3 garage, 3 open). 

4537 Cove Drive embodies an extraordinary, secure, and well sought-after investment real estate category – waterfront located Southern California apartment units. 

Listed By:

Aaron Bove
Senior Vice President, Investments
aaronbove@thebovegroup.com
(858) 373-3237