141-155 Cherry Avenue

    Carlsbad, CA 92008
    • $7,400,000
    • STATUS: ACTIVE
    • ON SITE: 115 days
    • ID#: 180028182
    UPDATED: 42 min ago
    $7,400,000
    • 0
      BEDS
    • 0.43
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    The Cherry Apartments are located in the desirable beach community of Carlsbad, California. This 16 unit apartment investment was built in 1959 and consists of 13 one bedroom/one bath units, 1 two bed/one bath unit, 2 non-conforming studios, and 1 large storage garage. These units are located on three adjoining parcels. The property amenities include off-street parking, lush tropical landscaping, and small yards/patios in select units, balconies, and on-site laundry. The interiors feature gas appliances and dual pane windows. There are storage closets in the carport area and ocean views from some of the units. The location of the property is less than 1/2 a block from one of the most desirable beaches in Southern California.

    Monthly Payment Calculator

    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 San Diego MLS, Inc.
    www.triolorealty.com/homes/83973930

    141-155 Cherry Avenue Carlsbad, CA 92008

    • Price: $7,400,000
    • Status: ACTIVE
    • Updated: 42 min ago
    • ID#: 180028182
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.43
    Acres
    Neighborhood:
    Carlsbad (92008)
    County:
    San Diego
    Area:
    Carlsbad (92008)
    Property Description
    The Cherry Apartments are located in the desirable beach community of Carlsbad, California. This 16 unit apartment investment was built in 1959 and consists of 13 one bedroom/one bath units, 1 two bed/one bath unit, 2 non-conforming studios, and 1 large storage garage. These units are located on three adjoining parcels. The property amenities include off-street parking, lush tropical landscaping, and small yards/patios in select units, balconies, and on-site laundry. The interiors feature gas appliances and dual pane windows. There are storage closets in the carport area and ocean views from some of the units. The location of the property is less than 1/2 a block from one of the most desirable beaches in Southern California.
    Exterior Features

    Carports 16 Construction DrywallFrameLath/PlasterStucco Exterior All Auto SprinklersBlock FenceCable AvailableFront SprinklersFully LandscapedSatellite DishWood FenceWood Deck Parking CarportsGaragesSpaces Parking Spaces Total 16 Roof CompositionTar & Gravel Units With Garages 0

    Interior Features

    Cooling None Floor Coverings HardwoodTileVinylWall To Wall Carpet Floors SlabWood Heating Wall Laundry Leased Sq Ft Of Improvement 7394 Stories 2 Story Units With Dishwashers 0 Units With Disposals 14 Units With Drapes 16 Units With Ranges 15 Units With Refrigerators 16

    Property Features

    Actual Gross Scheduled Income 303600 Actual Operating Expense 126818 Assumable Finance 0 Buildings 4 Complex Features Ctv Avail Existing Financing Conventional Financial Information Source Owner Fiscal Year From 16 Fiscal Year To 17 Flood Zone Hazard Unknown Geological Hazard Zone Hazard Unknown Gross Equity 7400000 Gross Multiplier 24.37 Have Units Leased Apartments 16 Mandatory Remarks None Known Market Area Coastal North Monthly Rent Total 25300 Motive Want Exchange Other Income Actual 4000 Other Income Amount 4000 Other Income Source Laundry Short Sale No Sq Ft Source Tax Record Tenant Pays Electric Y Tenant Pays Gas N Tenant Pays Water N Terms CashCash To New Loan Unit Type 2 On A LotApartment

    Listing provided courtesy of Acre Investment Real Estate. Listing information © 2018 San Diego MLS, Inc.
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 San Diego MLS, Inc.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130