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    141 Cherry Ave Carlsbad, CA 92008

    Sponsored
    For Sale
    $5,100,000

    Seven-unit apartment complex near beach

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional seven-unit mixed-use investment property is situated on a 0.11-acre lot at 141 Cherry Street in the highly desirable beach community of Carlsbad, California. Built in 1958, the property comprises six one-bedroom/one-bathroom units and one non-conforming studio unit. Residents enjoy amenities such as off-street parking, attractive tropical landscaping, and select units feature private yards/patios or balconies. Interior features include gas appliances and dual-pane windows. Convenient storage closets are located in the carport area. Ocean views are available from certain units, commanding premium rental rates due to the property's proximity—less than half a block—to one of Southern California's most coveted beaches. The location also offers easy access to restaurants, upscale shopping malls, and major employment centers. The property has been meticulously maintained and professionally managed, reflecting a clear commitment to quality. This well-established investment presents a compelling opportunity for significant future appreciation and consistent cash flow. Value-add potential includes interior unit renovations to increase rental income by $300-$400 per unit, converting units into short-term vacation rentals, or redevelopment into 4-8 high-value townhomes. Alternatively, the property can be maintained in its current state to capitalize on the inherent appreciation driven by its prime beachside location. The asking price is $5,100,000.

    Property Features for 141 Cherry Ave

    General Information

    Property type
    Mixed-use properties
    Lot Size
    4,792 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Pavano Pan Handler Waterproofing Company

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Carlsbad
    County
    San Diego
    State
    California
    Longitude
    -117.3469
    Latitude
    33.15044

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    FAQs

    What type of property is this?
    Mixed-use property - Seven-unit apartment complex near beach
    Where is this mixed-use property located?
    The property is located at 141 Cherry Ave Carlsbad, CA.
    What is the asking price?
    The asking price for this property is $5,100,000.
    (760) 809-3626
    Request Owner's contact information
    141 Cherry Ave Carlsbad, CA 92008
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    Carlsbad, CA 92008
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    Realmo Value Estimation

    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.

    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.

    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
    141 Cherry Ave Carlsbad, CA 92008
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