$3,434,000
SOLD JUN 4, 2026
-- Bed
-- Bath
8,952 Sq Ft
0.79 Acre Lot

Sale Details

Date Sold: June 4, 2026

$384 Per Sq Ft

14% Below List Price

80 Days on Market

Highlights

  • 34,470 Sq Ft lot
  • 4-minute walk to Carlsbad Poinsettia
  • Central Air
  • Pacific Rim Elementary Rated A
  • Elevator

About This Home

As of June 2026

Bluwater Crossing Apartments offers a rare opportunity to acquire a fully stabilized, move-in ready 12-unit multifamily asset in a true A-location in coastal South Carlsbad. Built in 2009, short distance to the beach and adjacent to the Carlsbad Poinsettia Coaster Station, the property operates at 100% historical occupancy with rent-restricted units, providing predictable, durable cash flow and minimal operational risk. Consists of twelve (12) large loft-style studio apartments averaging approximately 820 SF. Units feature quality finishes including granite countertops, modern kitchen appliances with built-in microwaves and dishwashers, in-unit washers and dryers, central A/C, spacious walk-in closets, and select balconies with ocean views. Tenants enjoy secure underground parking, elevators, and well-maintained community spaces. The apartments participate in the City of Carlsbad’s 55-year affordable housing program resulting in strong demand and a consistent waitlist. Ideally suited for long-term hold or 1031 exchange investors seeking stability, coastal location-driven appreciation, and capital preservation rather than speculative value-add execution. The residential component is addressed as 6797 Embarcadero Ln (tax records reflect 6801 Embarcadero Ln, APN 214-650-01-02). Property is part of a mixed-use parcel shared with a Montessori school occupying the first level. School is separately owned/occupied and not included in the offering. Offering includes only the 12 residential apartment units located on levels 2 and 3. Call for OM

Last Agent to Sell the Property

Jeff Toth

Luxeally Real Estate License #01969791 Listed on: 02/02/2026

Last Buyer's Agent

Jeff Toth

Luxeally Real Estate License #01969791 Listed on: 02/02/2026

Property Details

Home Type

  • Multi-Family

Home Design

Interior Spaces

  • 8,952 Sq Ft Home
  • 3-Story Property

Parking

  • 18 Parking Spaces
  • Tuck Under Garage

Additional Features

  • 34,470 Sq Ft Lot
  • Central Air

Listing and Financial Details

  • Total Actual Rent $23,555

Community Details

Building Details

  • 12 Leased Units
  • Operating Expense $116,223

Additional Features

  • 12 Units
  • Elevator

Property Details

Home Type

Multi-Family

Lot Details

0.79 Acres

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Unit Levels: 3 Story
  • Property Sub Type: Com-Res Income
  • Community Features: Elevator
  • Co List Office Mls Id: 990870
  • Living Area: 8952.0
  • Structure Type: Apartment
  • FeedTypes: IDX
  • RFModificationTimestamp: 2026-06-05T18:47:10Z
  • FullAddress: 6801 Embarcadero Ln
  • NumofLeasedApartments: 12
  • Special Features: VirtualTour

Garage/Parking

  • Parking Features: Underground
  • Total Parking Spaces: 18.0

Utilities

  • Cooling: Central Forced Air Elec

Lot Info

  • Zoning: R-3:RESTRI
  • Lot Size Sq Ft: 34470.0

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 12
  • Annual Operating Expense: 116223.0
  • Total Actual Rent: 23555.0
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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
06/04/2026 06/04/26 Sold $3,434,000 -7.1% $384 / Sq Ft
04/23/2026 04/23/26 Pending -- -- --
03/19/2026 03/19/26 Price Changed $3,695,000 -7.5% $413 / Sq Ft
02/02/2026 02/02/26 For Sale $3,995,000 -- $446 / Sq Ft
Source: San Diego MLS

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 260002549

San Diego MLS
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