$4,500,000
$700K PRICE DROP

Estimated payment $24,521/month

Total Views 12,835
10 Beds
8 Baths
5,368 Sq Ft
$838 Price per Sq Ft

Highlights

  • Open Space
  • Zoned Heating
  • Partially Fenced Property
  • Carlsbad High School Rated A
  • Trails

About This Home

Significant Price Reduction. Motivated Sellers. Bring All Offers Exceptional coastal investment with huge owner’s unit just two blocks from Tamarack Surf Beach. This is the perfect beachside multi-generational compound and prime multifamily investment opportunity. Live in one, rent to the other large units. Boasting 2016 construction, four large units plus a junior studio is set on a 7,500 sq ft lot in one of Southern California’s premier coastal communities. The development was thoughtfully crafted from the ground up by the architect/developer owner as both a personal residence for himself and his family and a prized coastal multifamily investment asset. The property features rare ground level, covered parking and enclosed two car garage for the owner’s unit for a total of 9 parking spaces. The four large, main level residences surround an open communal courtyard patio for increased light, coastal breezes, and architectural interest. Unit interiors feature cathedral ceilings, modern design finishes, floor to ceiling windows, hard surface flooring throughout, in-unit washer dryers, premium bathroom finishes, and enclosed outdoor yards for select units, and mini-split HVAC systems. Water submeters are installed and can be utilized to bill back tenants and increase NOI. The 4-bedroom owner’s unit features and owned solar.

Listing Agent

John Newton

VRE Multifamily License #01887541 Listed on: 11/24/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2016

Lot Details

  • Open Space
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 10 Bedrooms
  • 5,368 Sq Ft Home
  • 3-Story Property

Utilities

  • Zoned Heating
  • Heat Pump System

Community Details

Overview

  • 4 Units
  • Juniper Community
  • Carlsbad West Subdivision

Recreation

  • Trails

Building Details

  • Operating Expense $81,592

Property Details

Home Type

Multi-Family

Year Built

Built in 2016

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 2016
  • Unit Levels: 3 Story
  • Property Sub Type: Res Income 2-4 Units
  • Community Features: Biking/Hiking Trails, Other/Remarks
  • Frontage: Open Space
  • Security Features: N/K
  • CapRate: 2.62
  • Co List Office Mls Id: 4615
  • Subdivision Name: CARLSBAD WEST
  • BuildingName: Juniper
  • FeedTypes: IDX
  • RFModificationTimestamp: 2026-02-16T17:59:59Z
  • AgeRestrictions: N/K
  • FullAddress: 385 Juniper
  • ShortSale: No
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Total Bedrooms: 10

Exterior Features

  • Fencing: Partial
  • Roof: Composition
  • Construction Type: Stucco

Utilities

  • Cooling: Heat Pump(s)
  • Heating: Zoned Areas
  • HeatSource: Electric

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 4
  • Annual Operating Expense: 81592.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $16,065 $1,530,692 $648,650 $882,042
2024 $16,065 $1,500,680 $635,932 $864,748
2023 $15,983 $1,471,256 $623,463 $847,793
2022 $15,737 $1,442,409 $611,239 $831,170
2021 $15,619 $1,414,127 $599,254 $814,873
2020 $15,514 $1,399,628 $593,110 $806,518
2019 $15,234 $1,372,185 $581,481 $790,704
2018 $14,590 $1,345,280 $570,080 $775,200
2017 $14,348 $1,318,902 $558,902 $760,000
2016 $8,436 $788,020 $547,944 $240,076
2015 $5,644 $520,086 $515,089 $4,997
2014 $5,551 $509,900 $505,000 $4,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/23/2026 01/23/26 Price Changed $4,500,000 -9.9% $838 / Sq Ft
01/05/2026 01/05/26 Price Changed $4,995,000 0.0% $931 / Sq Ft
01/05/2026 01/05/26 For Sale $4,995,000 -3.9% $931 / Sq Ft
12/07/2025 12/07/25 Off Market $5,200,000 -- --
11/30/2025 11/30/25 Off Market $5,200,000 -- --
11/24/2025 11/24/25 For Sale $5,200,000 -- $969 / Sq Ft
Source: San Diego MLS

Source: San Diego MLS

MLS Number: 250044629

San Diego MLS

APN: 204-240-35-00

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