141 Cherry Ave Carlsbad, CA 92008
North Beach NeighborhoodEstimated payment $21,485/month
Highlights
- Wood Flooring
- Landscaped
- 2-minute walk to Tamarack Surf Beach
- Carlsbad High School Rated A
About This Home
Cherry Apartments are located in the desirable beach community of Carlsbad, California. This 7 unit apartment investment was built in 1958 and consists of 6 one bedroom/one bath units, and 1 non-conforming studio unit. The property amenities include off -street parking, lush tropical landscaping, and small yards/patios in select units and balconies. 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 property has been well maintained and professionally managed and shows a true pride of ownership. The property’s proximity to the ocean is a great draw for potential renters and results in premium rental rates for each unit. The location of the property is less than 1/2 a block from one of the most desirable beaches in Southern California. It is also a short distance to restaurants, premier shopping malls, and major employers. The Cherry Apartments is a rare investment asset that will provide future appreciation opportunity and steady cash fl ow for years to come. There are several opportunities for an investor looking to add value: * Remodel and update the interiors of the units and raise rents by $300/$400per unit. * Remodel the units in rent some or all as short-term vacation rentals. * Scrape the existing structures and build 4-8 multi-million dollar townhomes * Leave as is and enjoy future appreciation due to proximity to the beach.
Property Details
Home Type
- Multi-Family
Lot Details
- 5,000 Sq Ft Lot
- Landscaped
Home Design
- Composition Roof
Interior Spaces
- 1 Bedroom
- 2,728 Sq Ft Home
- 2-Story Property
- Wood Flooring
Parking
- 8 Parking Spaces
- 7 Carport Spaces
Utilities
- No Cooling
- Heating System Mounted To A Wall or Window
Community Details
Overview
- 7 Units
Building Details
- 7 Leased Units
- Operating Expense $77,682
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,319 | $789,989 | $430,345 | $359,644 |
| 2024 | $8,319 | $774,500 | $421,907 | $352,593 |
| 2023 | $8,274 | $759,315 | $413,635 | $345,680 |
| 2022 | $8,146 | $744,427 | $405,525 | $338,902 |
| 2021 | $8,085 | $729,831 | $397,574 | $332,257 |
| 2020 | $8,031 | $722,349 | $393,498 | $328,851 |
| 2019 | $7,887 | $708,186 | $385,783 | $322,403 |
| 2018 | $7,554 | $694,301 | $378,219 | $316,082 |
| 2017 | $7,428 | $680,688 | $370,803 | $309,885 |
| 2016 | $7,127 | $667,342 | $363,533 | $303,809 |
| 2015 | $7,099 | $657,319 | $358,073 | $299,246 |
| 2014 | -- | $644,444 | $351,059 | $293,385 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/05/2026 02/05/26 | Price Changed | $4,000,000 | -21.6% | $1,466 / Sq Ft |
| 10/05/2023 10/05/23 | For Sale | $5,100,000 | -53.8% | $1,870 / Sq Ft |
| 05/23/2023 05/23/23 | For Sale | $11,050,000 | -- | $1,862 / Sq Ft |
Source: San Diego MLS
MLS Number: 230019662
APN: 204-232-15-00
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