Seller's Agent in 2021
Jeff Kane
Coldwell Banker West
(760) 518-4900
1 in this area
29 Total Sales
951 Oak Ave Carlsbad, CA 92008
North Beach Neighborhood
--
Bed
--
Bath
12,400
Sq Ft
0.43
Acres
Highlights
- 0.43 Acre Lot
- No HOA
- Level Lot
- Carlsbad High School Rated A
About This Home
As of December 2021This 14 unit multi-family offering located at 951 Oak Ave. in Carlsbad, California. The Carlsbad Oak Avenue Apartments are a 14 unit property located west of Interstate 5 in the heart of the Village of Carlsbad, California. The Oak Ave. apartments consist of 13, 2-Bedroom, 1 bath units and 1 studio unit. This investment allows an owner, investor or experienced developer a chance to achieve the highest and best use for this highly desirable property in a dense rental market. Carlsbad is a coastal city in the North County Region of San Diego County, California. SIGNIFICANT VALUE-ADD OPPORTUNITY There is approximately 50% upside in the current rents which have not been raised in more than three years. Additionally, there is space to add washers and dryers for additional income. New Exterior Paint and Improvements just completed at property. The city is 87 miles south of downtown Los Angeles and 35 miles north of San Diego. Carlsbad is a popular tourist destination and notable home for many businesses in the golf industry. The city’s estimated population is 115,382 and the median household income is over $110,000. This is the first time in 30 years this property has been on the market. It is very well located and has a “Walk-score” of 86. It is deemed a Walker's Paradise where daily errands do not require a car. It is a 13 minute walk to the Coaster. The area is extremely pedestrian friendly with an abundance of restaurants, grocers, and high end chain and boutique retail stores.
Last Agent to Sell the Property
Coldwell Banker West License #01915649 Listed on: 09/15/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Lot Details
- 0.43 Acre Lot
- Two or More Common Walls
- Level Lot
- Density is up to 1 Unit/Acre
Home Design
- Property Attached
Interior Spaces
- 12,400 Sq Ft Home
- 2-Story Property
Parking
- 13 Open Parking Spaces
- 13 Parking Spaces
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 09000
- Tax Tract Number 1744
- Assessor Parcel Number 2041110300
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 14 Units
Building Details
- 14 Leased Units
- 14 Separate Electric Meters
- 13 Separate Gas Meters
- 4 Separate Water Meters
- Electric Expense $19,821
- Insurance Expense $4,060
- Professional Management Expense $23,821
- New Taxes Expense $54,120
- Operating Expense $84,673
- Gross Income $218,994
- Net Operating Income $134,321
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/31/2021 12/31/21 | Sold | $5,200,000 | +18.2% | $419 / Sq Ft |
| 09/27/2021 09/27/21 | Pending | -- | -- | -- |
| 09/15/2021 09/15/21 | For Sale | $4,400,000 | -- | $355 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Jeff Kane
-
Jeff Diller
J
Buyer's Agent in 2021
Jeff Diller
South Coast Commercial, Inc.
(714) 474-4495
1 in this area
3 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NDP2110718
APN: 204-111-03-00
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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