NOT LISTED FOR SALE
8 Beds
8 Baths
4,000 Sq Ft
1964 Built

Last Sold December 18, 2023

Last sale price $1,989,000 $497 Per Sq Ft

9 Days on Market

Highlights

  • Corner Lot
  • Laundry Facilities
  • Partially Fenced Property
  • Magnolia Elementary Rated A

About This Home

As of December 2023

Desirable fourplex property located next to Carlsbad HS. Large 2-bedroom, 1.5 bathroom units. Potential to add ADU's. Value add opportunity. Strong cash flow at market rental rates. Carport and uncovered parking. Patios and balconies. Laundry room. Storage lockers.

Last Agent to Sell the Property

ray adams

Ray Adams Investment Real Estate Inc License #00989238 Listed on: 10/31/2023

Last Buyer's Agent

ray adams

Ray Adams Investment Real Estate Inc License #00989238 Listed on: 10/31/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 8,405 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Level Lot

Home Design

  • Rolled or Hot Mop Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 2051510200

Community Details

Overview

  • 4 Units
  • Monroe St Community

Additional Features

  • Laundry Facilities
  • Net Operating Income $37,128

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal North
  • Cross Street: Gayle Way
  • Neighborhood: Carlsbad HS
  • LP / Sq Ft: 19.53
  • Stories: 2 Story
  • Sale Price List Price: 1.0
  • Total Stories: 2
  • Year Built: 1964
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Rolled/Hot Mop

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: Monroe St
  • Community: CARLSBAD WEST
  • Complex Features: Laundry Facilities

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Site: Corner Lot, Public Street
  • Topography: Level
  • Assessor Parcel Number: 2051510200
  • Estimated Lot Sq Ft: 8405

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 37128
  • Gross Rent Multiplier Actual: 26.0
  • Gross Rent Multiplier Projected: 13.0
  • Number Of Buildings: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2023 12/18/23 Sold $1,989,000 -0.3% $497 / Sq Ft
11/10/2023 11/10/23 Pending -- -- --
10/31/2023 10/31/23 For Sale $1,995,000 -- $499 / Sq Ft
Source: San Diego MLS

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 $21,208 $2,028,780 $1,836,000 $192,780
2024 $21,208 $1,989,000 $1,800,000 $189,000
2023 $1,448 $127,190 $28,176 $99,014
2022 $1,425 $124,697 $27,624 $97,073
2021 $1,415 $122,253 $27,083 $95,170
2020 $1,406 $121,001 $26,806 $94,195
2019 $1,382 $118,630 $26,281 $92,349
2018 $1,325 $116,305 $25,766 $90,539
2017 $1,302 $114,025 $25,261 $88,764
2016 $1,249 $111,790 $24,766 $87,024
2015 $1,244 $110,111 $24,394 $85,717
2014 $1,226 $107,955 $23,917 $84,038
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 230021440

San Diego MLS

APN: 205-151-02-00