NOT LISTED FOR SALE
14 Beds
14 Baths
7,862 Sq Ft
0.25 Acre Lot

Sale Details

Date Sold: July 10, 2023

Last sale price $4,675,000 $595 Per Sq Ft

3 Days on Market

About This Home

As of July 2023

Welcome to the exquisite 7-unit apartment building nestled on the pristine shores of Bristol Cove in Carlsbad. This remarkable property presents a rare opportunity, as it becomes available for the first time in over four decades. Offering waterfront views, a private dock, spacious units, and an unbeatable location, this investment holds incredible long-term potential, as waterfront buildings seldom come on the market.
Situated on the edge of Bristol Cove, this apartment building showcases unparalleled charm and tranquility. The glistening waters provide a picturesque backdrop for residents, offering a sense of serenity and a refreshing coastal ambiance.
Comprising seven spacious 2 bedroom/2 bath units, this building provides an exceptional living experience. Each unit boasts abundant natural light, creating an inviting and comfortable atmosphere. The thoughtful design ensures that residents can fully enjoy the coastal lifestyle, with generously-sized living areas. Some units may even feature balconies or patios, providing the perfect spot to bask in the beauty of Bristol Cove.
Beyond the allure of the waterfront, this property offers convenient amenities to enhance the residents' experience. The private dock grants direct access to the water, allowing for various water activities such as boating, kayaking, or paddleboarding. Imagine spending your mornings watching the sunrise from the dock or hosting sunset gatherings with friends and family.
Location is everything, and this property does not disappoint. Carlsbad, renowned for its laid-back atmosphere and beautiful coastal scenery, offers an array of recreational activities, fine dining, and boutique shopping options. The building's proximity to nearby attractions such as Carlsbad Village, LEGOLAND California, and the Carlsbad Premium Outlets ensures that residents have a wealth of entertainment choices at their fingertips.
As a sound investment, this property holds tremendous long-term potential. The scarcity of waterfront buildings available for sale in Carlsbad makes this an exceptional opportunity to acquire a unique asset. Don't miss your chance to own a slice of waterfront paradise in Carlsbad.

Last Agent to Sell the Property

Jerry Jervis

Seven Gables Real Estate License #01185627 Listed on: 06/13/2023

Seven Gables Real Estate

Co-Listed By

Michael Hickman

Seven Gables Real Estate License #01410360

Last Buyer's Agent

Michael Collimore

Turner Real estate License #01302931

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 10,992 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre
  • 2071505400

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 7,862 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Laundry in unit

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 14 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 69
  • Tax Tract Number 5162
  • Assessor Parcel Number 2071505300

Community Details

Overview

  • 2 Buildings
  • 7 Units
  • Carlsbad East Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Water Sports

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 2 Separate Water Meters
  • Cable TV Expense $666
  • Electric Expense $1,635
  • Gardener Expense $2,470
  • Insurance Expense $3,665
  • Maintenance Expense $9,110
  • Other Expense $1,577
  • Pest Control $642
  • Professional Management Expense $12,000
  • Trash Expense $2,758
  • Water Sewer Expense $3,193
  • New Taxes Expense $59,375
  • Operating Expense $97,347
  • Gross Income $231,816
  • Net Operating Income $134,469

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0.25 Acres

Listing Details

  • Professional Management Expense: 12000.00
  • Property Attached: Yes
  • Subdivision Name Other: Carlsbad East
  • Water Sewer Expenses: 3193.00
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 2470.00
  • Parcel Number: 2071505300
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Price Per Square Foot: 594.63

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 642.00
  • Sewer: Public Sewer
  • Trash Expense: 2758.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Watersports, Suburban

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 2071505400
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 10992.00
  • Lot Size Acres: 0.2523

Multi Family

  • Average2 Bed Area: 1123 Square Feet
  • Cable TV Expense: 666.00
  • Electric Expense: 1635.00
  • Gross Income: 231816.00
  • Gross Scheduled Income: 231816.00
  • Insurance Expense: 3665.00
  • Lot Size Area: 10992.0000 Square Feet
  • Maintenance Expense: 9110.00
  • Net Operating Income: 134469.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 7
  • Operating Expense: 97347.00
  • Other Expense: 1577.00
  • Other Expense Description: HOA
  • Rent Control: No
  • Total Expenses: 97347.00

Tax Info

  • New Taxes Expense: 59375.00
  • Tax Lot: 69
  • Tax Tract Number: 5162
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/10/2023 07/10/23 Sold $4,675,000 -1.6% $595 / Sq Ft
06/16/2023 06/16/23 Pending -- -- --
06/13/2023 06/13/23 For Sale $4,750,000 -- $604 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $26,214 $2,422,500 $1,790,100 $632,400
2024 $7,019 $652,385 $459,281 $193,104
2023 $6,981 $639,594 $450,276 $189,318
2022 $6,873 $627,054 $441,448 $185,606
2021 $6,822 $614,760 $432,793 $181,967
2020 $6,777 $608,458 $428,356 $180,102
2019 $6,655 $596,528 $419,957 $176,571
2018 $6,374 $584,832 $411,723 $173,109
2017 $90 $573,365 $403,650 $169,715
2016 $6,015 $562,124 $395,736 $166,388
2015 $5,991 $553,681 $389,792 $163,889
2014 $5,892 $542,836 $382,157 $160,679
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23104953

California Regional Multiple Listing Service (CRMLS)

APN: 207-150-53-00

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