$2,050,000
SOLD DEC 26, 2024
5 Beds
3 Baths
1,976 Sq Ft
6,083 Sq Ft Lot

Recently Sold

$1,037 Per Sq Ft

21% Below List Price

73 Days on Market

Highlights

  • Fishing
  • No Units Above
  • No HOA
  • Carlsbad High School Rated A
  • Private Yard
  • Hiking Trails

About This Home

As of December 2024

Coastal Carlsbad within one block of the beach and lagoon, this multi-unit property offers beachside living with rental income potential. Featuring three units: two 2 bed / 1 bath and one 1 bed / 1 bath, each with their own private yard, access to a communal laundry facility and three storage units. With walkability to the beach and Agua Hedionda Lagoon for hiking & paddling, plus close proximity to Carlsbad Village shopping, dining, and entertainment, it’s perfectly positioned to enjoy everything the area has to offer. Ideal for rental income, multigenerational living, and with R3 zoning, there is significant potential for future development. Whether you’re looking for a place to call home or to invest, this property offers endless possibilities.

Last Agent to Sell the Property

David Thayer

Pacific Sotheby's Int'l Realty Brokerage Email: david@thayercoastalhomes.com License #02074782 Listed on: 08/28/2024

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Hunter Henrich

USA Realty and Loans License #02217434

USA Realty and Loans

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,797

Year Built

  • Built in 1952

Lot Details

  • 6,083 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Level Lot
  • Private Yard
  • Lawn

Home Design

  • Property Attached
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 1,976 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Living Room
  • Storage
  • Laundry Room
  • Gas Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Available
  • Driveway

Additional Features

  • Suburban Location
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Tract Number 1747
  • Assessor Parcel Number 2060120300
  • $93 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Recreation

  • Fishing
  • Water Sports
  • Hiking Trails
  • Bike Trail

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $904
  • Trash Expense $448
  • Water Sewer Expense $1,848
  • Operating Expense $6,977
  • Gross Income $127,020
  • Net Operating Income $120,042

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,797

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.63
  • Price Per Unit: 731667
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1848.00
  • Zoning: R-3:RESTRICTED MULTIPLE
  • Property Type: Residential Income
  • Parcel Number: 2060120300
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Storage
  • Stories: 1
  • Entry Location: Ground level
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 1037.45
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room, Main Floor Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Fence: No
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Refrigerator
  • Electric: Standard
  • Heating Type: Natural Gas
  • Laundry Features: Common Area, Individual Room, Inside
  • Sewer: Public Sewer
  • Trash Expense: 448.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban, Biking, Fishing, Hiking, Watersports

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Level, Yard
  • Lot Size Sq Ft: 6083.00
  • Lot Size Acres: 0.1396

Multi Family

  • Gross Income: 127020.00
  • Gross Scheduled Income: 127020.00
  • Insurance Expense: 904.00
  • Laundry Income: 420.00
  • Lot Size Area: 6083.0000 Square Feet
  • Net Operating Income: 120042.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 6977.00
  • Rent Control: No
  • Total Expenses: 6977.00

Tax Info

  • Tax Tract Number: 001747
  • TaxOtherAnnualAssessmentAmount: 93.42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2025
Sold by
Ades Tracy
Bought by
Ades Family Trust and Ades
Current Estimated Value
$2,014,953

Purchase Details

Listed on
Aug 28, 2024
Closed on
Dec 23, 2024
Sold by
Ades Shai
Bought by
Ades Tracy
Seller's Agent
David Thayer
Pacific Sotheby's Int'l Realty
Buyer's Agent
Hunter Henrich
USA Realty and Loans
List Price
$2,595,000
Sold Price
$2,050,000
Premium/Discount to List
-$545,000
-21%
Views
76

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.82%
Original Mortgage
$1,742,500
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 28, 2024
Closed on
Nov 15, 2024
Sold by
Roger D Garner Marital Trust and Scott-Garner Thea
Bought by
Ades Tracy
Seller's Agent
David Thayer
Pacific Sotheby's Int'l Realty
Buyer's Agent
Hunter Henrich
USA Realty and Loans
List Price
$2,595,000
Sold Price
$2,050,000
Premium/Discount to List
-$545,000
-21%
Views
76

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,742,500
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2023
Sold by
Roger D Garner And Thea Scott-Garner Tru
Bought by
Roger D Garner Marital Trust

Purchase Details

Closed on
Feb 28, 2004
Sold by
Garner Roger D and Scott Garner Thea
Bought by
Garner Roger D and Scott Garner Thea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.82%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Feb 2, 2004
Sold by
Garner Roger D and Scott Garner Thea
Bought by
Garner Roger D and Scott Garner Thea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.82%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Oct 16, 1984
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Chicago Title
Grant Deed -- First American Title
Grant Deed $2,050,000 First American Title
Quit Claim Deed -- None Listed On Document
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Commonwealth Land Title
Deed $182,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,742,500 New Conventional
Previous Owner $200,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/26/2024 12/26/24 Sold $2,050,000 -6.6% $1,037 / Sq Ft
11/09/2024 11/09/24 Pending -- -- --
11/07/2024 11/07/24 Price Changed $2,195,000 -8.4% $1,111 / Sq Ft
09/17/2024 09/17/24 Price Changed $2,395,000 -7.7% $1,212 / Sq Ft
08/28/2024 08/28/24 For Sale $2,595,000 -- $1,313 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

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 $3,797 $2,050,000 $1,850,000 $200,000
2024 $3,797 $348,462 $219,035 $129,427
2023 $3,777 $334,933 $210,531 $124,402
2022 $3,719 $334,933 $210,531 $124,402
2021 $3,692 $328,366 $206,403 $121,963
2020 $3,667 $325,000 $204,287 $120,713
2019 $3,602 $318,629 $200,282 $118,347
2018 $3,453 $312,382 $196,355 $116,027
2017 $3,396 $306,257 $192,505 $113,752
2016 $3,261 $300,253 $188,731 $111,522
2015 $3,248 $295,744 $185,897 $109,847
2014 $3,195 $289,952 $182,256 $107,696
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2407715

California Regional Multiple Listing Service (CRMLS)

APN: 206-012-03