Apartment Investment Sale Summary

Page 1

FOR SALE

12 SPACIOUS UNITS STEPS FROM THE SAND

SEA BREEZE OCEANFRONT RENTAL UNITS

Offering Price:

$5,500,000

Price Per Unit:

$458,333

Price Per SF:

3150 Ocean Street, Carlsbad, California 92008

Ocean Street

Carlsbad

Bouleva

rd

Balcony View

INVESTMENT HIGHLIGHTS • Spectacular Oceanfront Units All With Panoramic Ocean Views • Spacious Floor Plans with Large Patio/Balconies Overlooking the Ocean • Abundant Off-Street Parking (Covered & Open Spaces) • Walk To Restaurants, Shopping, and Entertainment in Carlsbad Village • Condo Quality Interiors with Fireplaces • Convenient Access to PCH, Interstate 5, and Highway 78 • Immediate Upside Potential

$538


Ocean View Balconies

Beach View

OFFERING OVERVIEW

INVESTMENT SUMMARY

Extremely rare opportunity to purchase 12 condo quality oceanfront units

APN:

203-250-21-00

Number of Units:

12

Year Built:

1982

Building SF:

approx. 10,232

Lot Size SF:

16,117

upside on current rents or by converting the units to traditional monthly

Building Floors:

3 Story

rentals.

Parking:

10 Covered/9 Open

in one of San Diego’s premier beach communities, all with panoramic ocean views. Along with immediate beach access, the property is a short walk from the restaurants, shopping, and entertainment of the renowned Carlsbad Village. Operated as fully furnished vacation rentals for over 20 years, the property enjoys a stable long-term customer base. That said, there is immediate

The property consists of four spacious two-bedrooms and eight spacious one-bedroom flats, all of which feature a large private patio or balcony overlooking the ocean. Residents also enjoy off-street covered parking, storage, private laundry, and convenient access to PCH, Interstate 5, and Highway 78.

Š 2013 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.

Philip J. Buckley Vice President T 858 646 4706 philip.buckley@cbre.com Lic. 01209801


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