Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3379 Roosevelt St. St Carlsbad, CA 92008

    View on Map
    Sponsored
    For Sale
    $3,800,000

    Residential Income - Carlsbad, CA

    Property size:
    2,551 SF
    Lot size:
    6,539.00 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 17 at 1:06 am

    Property Features for 3379 Roosevelt St. St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Restricted
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    APN
    2040911000
    Parking
    1
    Exterior features
    Community Features Included: Curbs, Suburban, Near Public Transit, Level, Park Nearby, Front Yard, Back Yard
    Size
    2,551 SF
    Lot size
    6,539.00 Acres

    Building Details

    Year built
    1946
    Floors in Building
    2
    Number of units
    3
    Architectural style
    Other

    We can help!

    Listing Contact
    Nicole Torres

    First Team Real Estate (949) 988-3000

    Listing agent Nicole Torres (760) 729-9922 License #02227193

    Listing date Mar 15, 2026

    MLS# NDP2602381 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Carlsbad Multifamily Investment Opportunity

    Located in the Village of Carlsbad, this property presents an opportunity for investors, multi-generational living, or owner-occupants seeking rental income. The property includes a 765 square foot main house and a two-story apartment building with two units, each featuring two bedrooms and one bathroom and measuring 896 square feet. Situated on a 0.15-acre lot, the property is located in a walkable neighborhood near the ocean, shops, and restaurants. Each unit offers privacy and income potential. The property requires updating and improvements. The possibilities include investment, renovation, or creating a coastal compound for extended family.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Carlsbad
    County
    San Diego
    State
    California
    Longitude
    -117.301
    Latitude
    33.15

    Nearby Similar for Sale

    • $2,650,000
      2,822 SF

      Carlsbad Estate with Ocean Views

      Carlsbad estate featuring a main residence, guest house, and ADU.
      2645 Highland Dr, Carlsbad, CA 92008
      View Details
    • $2,525,000
      2,110 SF

      Renovated Carlsbad Income Property

      Completely renovated triplex near Carlsbad Village and beaches.
      735 Pine Ave, Carlsbad, CA 92008
      View Details
    • $1,350,000
      Pending

      Carlsbad Flex Condo with Upgrades

      Upgraded flex condo with storage, offices, and prime location.
      5731 Palmer Way, Carlsbad, CA 92010
      View Details
    • $1,500,000
      Pending

      Carlsbad Office Building For Sale

      Rare owner/user opportunity in a prime coastal Carlsbad location.
      2774 Jefferson St, Carlsbad, CA 92008
      View Details
    • $4,000,000

      Carlsbad Apartments Near Beach

      Seven-unit apartment building in desirable Carlsbad beach community.
      141 Cherry Ave, Carlsbad, CA 92008
      View Details
    • $4,500,000

      Carlsbad Office Building For Sale

      Two-story office building in Carlsbad Raceway Business Park.
      3172 Lionshead Ave, Carlsbad, CA 92010
      View Details
    • $435,000

      Carlsbad Specialty Property For Sale

      Specialty property available in Carlsbad, California.
      7024 A St, Carlsbad, CA 92011
      View Details
    • $1,399,200

      Carlsbad Office Property for Sale

      Office property available in Carlsbad, California.
      5150 Avenida Encinas, Carlsbad, CA 92008
      View Details
    • Contact for pricing

      Carlsbad Flex Space For Sale

      11,536 SF flex space with ample office and warehouse.
      6056 Corte Del Cedro, Carlsbad, CA 92011
      View Details
    • $15,500,000
      52,777 SF

      Carlsbad Flex R&D Space

      Flex R&D space available for lease in Carlsbad, CA.
      5931 Priestly Dr, Carlsbad, CA 92008
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Three units on one lot in desirable Carlsbad Village.
    Where is this multifamily property located?
    The property is located at 3379 Roosevelt St. St Carlsbad, CA.
    What is the asking price?
    The asking price for this property is $3,800,000.
    (760) 622-1055
    Request Owner's contact information
    3379 Roosevelt St. St Carlsbad, CA 92008
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3379 Roosevelt St. St
    Carlsbad, CA 92008
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3379 Roosevelt St. St Carlsbad, CA 92008
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Nicole Torres
    Real Estate License ID: 02227193
    (760) 622-1055 (760) 729-9922
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!