NOT LISTED FOR SALE
1 Bed
2 Baths
11,388 Sq Ft
33,977 Sq Ft Lot

Last Sold November 07, 2022

Last sale price $9,300,000 $817 Per Sq Ft

35 Days on Market

Highlights

  • 33,977 Sq Ft lot
  • 1-Story Property
  • 4-minute walk to Pine Avenue Community Center and Park
  • Carlsbad High School Rated A

About This Home

As of November 2022

Tranquilla Apartments are a newly renovated 20-unit residential community perfectly appointed to attract the highest quality tenants in the market. The comprehensive renovation completed in 2022 includes building exterior, interior, and major systems. Unit interiors feature state of the art kitchens with wood shaker cabinets, quartz countertops, high end matte black fixtures, and 5-piece stainless steel appliance packages with LG washer/dryers, dishwasher, refrigerator, gas range and microwave. The units are also appointed with new wood vinyl plank flooring, A/C’s (12,000 BTU’s), modern ceiling fans, pocket doors and bathrooms with tile shower enclosure and vanities matching the modern décor of the kitchens. Exterior renovations include new roofs, windows, rain gutters, exterior paint, plumbing and electrical. The plumbing work includes all new supply lines from the street water meter and lateral drain lines from the slab up. The electrical improvements include wiring throughout the units and a power upgrade from 200 amps to 400 amps with all new meters from SDG&E. Originally built in 1962 (Renovated 2022), the property features four single-story buildings sprawled out over an expansive 33,977 SF lot with abundant off-street parking to create the ideal living environment. The unit mix consists of 18 spacious open concept one-bedroom units each measuring 590 SF and two studio units measuring 384 SF. *Studios are fully renovated and expected to be completed in next 45 days. *SEE OFFERING MEMORANDUM IN DOCUMENTS*

Last Agent to Sell the Property

Philip Buckley

CBRE License #01209801 Listed on: 07/06/2022

Last Buyer's Agent

Conor Brennan

Conor Brennan, Broker License #01918598

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.78

Parking

  • 24 Parking Spaces

Home Design

Interior Spaces

  • 1 Bedroom
  • 11,388 Sq Ft Home
  • 1-Story Property

Additional Features

  • 0.78 Acre Lot
  • Number of ADU Units: 18

Listing and Financial Details

  • Total Actual Rent $47,558

Community Details

Overview

  • 4 Buildings
  • 20 Units

Building Details

  • Operating Expense $192,817

Property Details

Home Type

Multi-Family

Lot Details

0.78 Acres

Listing Details

  • Property Type: Residential Income
  • Stories: 1
  • Unit Levels: 1 Story
  • Property Sub Type: Com-Res Income
  • CapRate: 4.04
  • Co List Office Mls Id: 4473
  • Living Area: 11388.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-07-01T07:36:56Z
  • FullAddress: 945-65 Pine Ave
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 1

Garage/Parking

  • Total Parking Spaces: 24.0

Lot Info

  • Lot Size Sq Ft: 33977.0

Multi Family

  • Number Of Buildings: 4
  • Number Of Units Total: 20
  • Annual Operating Expense: 192817.0
  • Total Actual Rent: 47558.0
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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 List to Sale Price per Sq Ft
11/07/2022 11/07/22 Sold $9,300,000 -2.1% $817 / Sq Ft
08/11/2022 08/11/22 Pending -- -- --
07/06/2022 07/06/22 For Sale $9,500,000 -- $834 / Sq Ft
Source: San Diego MLS

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 $100,980 $9,675,720 $7,074,720 $2,601,000
2024 $100,980 $9,486,000 $6,936,000 $2,550,000
2023 $100,470 $9,300,000 $6,800,000 $2,500,000
2022 $58,722 $5,406,000 $3,672,000 $1,734,000
2021 $33,503 $3,039,485 $1,565,503 $1,473,982
2020 $33,278 $3,008,320 $1,549,451 $1,458,869
2019 $32,676 $2,949,334 $1,519,070 $1,430,264
2018 $31,291 $2,891,505 $1,489,285 $1,402,220
2017 $30,768 $2,834,810 $1,460,084 $1,374,726
2016 $29,522 $2,779,226 $1,431,455 $1,347,771
2015 $29,404 $2,737,481 $1,409,954 $1,327,527
2014 $28,915 $2,683,858 $1,382,335 $1,301,523
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 220017230

San Diego MLS
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