Carlsbad, CA 92008,951 Oak Ave
Carlsbad, CA 92008,951 Oak Ave
Carlsbad, CA 92008,951 Oak Ave
31
Listed by Jeff Kane • Coldwell Banker West
$5,200,000
$4,400,000
18.2%
Est.Price: ?

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12,400 SqFt

951 Oak Ave Carlsbad, CA 92008

Est. payment /mo
SOLD DATE : 12/31/2021

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Key Details

Sold Price $5,200,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 12,400 sqft

Price per Sqft $419

MLS Listing ID 8N-2110718

Sold Date 12/31/21

Year Built 1957

Lot Size 0.430 Acres

Property Description

This 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 citys 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.

Location

State CA

County San Diego

Zoning R-3:Restricted Multiple

Interior

Laundry None

Exterior

Parking Features Gated

Pool None

Community Features Curbs, Sidewalks, Suburban

Building

Lot Description Level with Street, Lot 10000-19999 Sqft, 0-1 Unit/Acre

Sewer Public Sewer

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agent

Maureen Alphonso

Agent | License ID: 01734126

+1(805) 279-6885

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