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3480 Garfield Street

Carlsbad, CA 92008
  • $3,725,000
  • STATUS: Active
  • ON SITE: 127 Days
  • ID#: OC23006957
$3,725,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Listing Agent(s): Doug Echelberger of Pacific Sotheby's Int'l Realty (949-498-7711)


Description

Price just reduced! Just one block from the surf, sand and boardwalk at Carlsbad State Beach, this upgraded, remodeled and well-maintained four-plex offers a great opportunity for lease and vacation rental income. Each unit presents a spacious living room, two bedrooms including one ensuite, two baths, upgraded or new dine-in kitchens with stainless steel appliances, upgraded dual-pane windows, privacy windows in bedrooms, and access to a covered carport space. Occupying a coveted lot of nearly 5,500 square feet, the property is complemented by a shared BBQ area, a shared laundry area, and tropical landscaping accented by coastal Tiki decor. The four apartments offer a combined total of approximately 4,272 square feet, with varying units displaying Shaker cabinetry, granite or quartz countertops, marble- and wood-inspired plank and tile flooring and vaulted open-beam ceilings. Residents and vacationers can leave their cars at home and enjoy the beach, and the wide variety of cafs, shops and restaurants in Carlsbad Village. I-5 is close by and provides quick access to the pier-side resorts of Oceanside, Del Mars village and racetrack, Legoland and downtown San Diego.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-01T00:34:09.453. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
www.teamforss.com/homes/136431096
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3480 Garfield Street Carlsbad, CA 92008

  • Price: $3,725,000
  • Status: Active
  • On Site: 127 Days
  • ID#: OC23006957
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1964
Built
Neighborhood:
Carlsbad West
County:
San Diego
Area:
92008 - Carlsbad
Property Description
Price just reduced! Just one block from the surf, sand and boardwalk at Carlsbad State Beach, this upgraded, remodeled and well-maintained four-plex offers a great opportunity for lease and vacation rental income. Each unit presents a spacious living room, two bedrooms including one ensuite, two baths, upgraded or new dine-in kitchens with stainless steel appliances, upgraded dual-pane windows, privacy windows in bedrooms, and access to a covered carport space. Occupying a coveted lot of nearly 5,500 square feet, the property is complemented by a shared BBQ area, a shared laundry area, and tropical landscaping accented by coastal Tiki decor. The four apartments offer a combined total of approximately 4,272 square feet, with varying units displaying Shaker cabinetry, granite or quartz countertops, marble- and wood-inspired plank and tile flooring and vaulted open-beam ceilings. Residents and vacationers can leave their cars at home and enjoy the beach, and the wide variety of cafs, shops and restaurants in Carlsbad Village. I-5 is close by and provides quick access to the pier-side resorts of Oceanside, Del Mars village and racetrack, Legoland and downtown San Diego.
Exterior Features

Architectural Style Custom Carport Spaces 4 Carport YN Yes Exterior Features LightingRain Gutters Fencing Wood Lot Features Sprinklers In FrontLandscapedSprinkler SystemStreet LevelWalkstreet Number Of Separate Electric Meters 5 Open Parking Spaces 4 Parking Features ConcreteCoveredCarportDrivewayOn SitePrivate Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Spa Features None Spa YN No View HillsNeighborhoodPanoramic View YN Yes Waterfront Features Ocean Side Of Freeway

Interior Features

Appliances Built-In RangeDishwasherElectric OvenGas CooktopDisposalSelf Cleaning OvenVented Exhaust FanWater To Refrigerator Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Door Features Panel Doors Fireplace Features None Fireplace YN No Flooring LaminateTile Heating Central Heating YN Yes Interior Features Beamed CeilingsBuilt-In FeaturesCeiling Fan(S)High CeilingsOpen FloorplanStone CountersRecessed LightingBedroom On Main LevelMain Level Master Window Features Double Pane WindowsRoller ShieldsScreens

Property Features

Cap Rate 4.8 Common Interest Planned Development Community Features BikingCurbsGutter(S)Sidewalks Current Financing None Electric Expense 3583 Fuel Expense 0 Garage YN No Gross Income 292024 Gross Scheduled Income 292024 Insurance Expense 7000 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupInsideLaundry Closet Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventionalVa Loan Net Operating Income 190473 New Construction YN No Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 101551 Possession Close Of Escrow Property Sub Type Quadruplex Rent Control YN No Security Features Carbon Monoxide Detector(S)Fire Detection SystemSmoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays None Trash Expense 1235 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Water Sewer Expense 932 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-01T00:34:09.453. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
 
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Team Forss Realty Group
31213 Temecula Parkway
Temecula CA, 92592
Listing Agent(s): Doug Echelberger of Pacific Sotheby's Int'l Realty (949-498-7711)