$4,500,000
PENDING

Estimated payment $28,829/month

Total Views 3,321
6 Beds
10 Baths
5,480 Sq Ft
$821 Price per Sq Ft

Highlights

  • 0.33 Acre Lot
  • Laundry Room
  • 1-Story Property
  • No HOA
  • No Heating

About This Home

Incredible opportunity across from the beach, west of the I-5. Both 930-936 S Pacific Street AND parcel next to it (920 S Pacific Street) are listed for sale. Both parcels combined are half an acre. 936 Pacific building features 7 studios, four 1BR/1BA units with private patios, and one detached 2BR/1BA house on the corner of Pacific & Marron. 5.5 garages. Laundry on site is leased w/ WASH. Units are not separately metered for gas/electric. Plenty of upside in rents with improvements.

Listing Agent

Leslie Dopirak

Golden Key Properties, Inc. Brokerage Email: leslie@carlsbadproperties.com License #01848961 Listed on: 04/03/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 0.33 Acre Lot
  • Two or More Common Walls

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 5,480 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 10 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 11/E
  • Tax Tract Number 340
  • Assessor Parcel Number 1503540600
  • $176 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 6 Buildings
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • 12 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $6,949
  • Fuel Expense $6,949
  • Insurance Expense $5,445
  • Professional Management Expense $12,711
  • Trash Expense $6,993
  • Water Sewer Expense $10,091
  • New Taxes Expense $45,000
  • Operating Expense $72,830
  • Gross Income $248,164
  • Net Operating Income $175,334

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 3.89
  • Price Per Unit: 375000
  • Professional Management Expense: 12711.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 10091.00
  • Zoning: R-3:RESTRICTED MULTIPLE
  • Property Type: Residential Income
  • Parcel Number: 1503540600
  • Year Built: 1950
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: multiple
  • Common Walls: 2+ Common Walls
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 821.17

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Common Area
  • Trash Expense: 6993.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 14542.00
  • Lot Size Acres: 0.3338

Multi Family

  • Electric Expense: 6949.00
  • Fuel Expense: 6949.00
  • Gross Income: 248164.00
  • Gross Scheduled Income: 259980.00
  • Insurance Expense: 5445.00
  • Lot Size Area: 14542.0000 Square Feet
  • Net Operating Income: 175334.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Number With Range: 12
  • Number With Refrigerator: 12
  • Operating Expense: 72830.00
  • Rent Control: Yes
  • Total Actual Rent: 21665.00
  • Total Expenses: 72830.00

Tax Info

  • New Taxes Expense: 45000.00
  • Tax Lot: 11/E
  • Tax Tract Number: 000340
  • TaxOtherAnnualAssessmentAmount: 176.14

Map

Range of Values:

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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 Change Sq Ft Price
04/19/2025 04/19/25 Pending -- -- --
04/03/2025 04/03/25 For Sale $4,500,000 -- $821 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2503213

California Regional Multiple Listing Service (CRMLS)