Carlsbad Multifamily Investment
For Sale
$11,050,000
141-145 Cherry Ave, Carlsbad, CA 92008
13-unit apartment complex near the beach in Carlsbad, California.
Property Size5,935 SF
Price / SF$1,861
Days on Market150
Property Features for 141-145 Cherry Ave
General Information
Standard status
Active
Size
5,935 SF
Total Parking Spaces
13
Property subtype
Multi Family Home
Zoning
R-4
Building Details
Building Size
5,935 SF
Buildings
2
Stories
2
Units
13
Listing Agency:
Acre Investment Real Estate
(760) 809-3626
Listed By:
Craig Stewart · License #0106001
(760) 809-3626
Source:
Americangrouponline
Added: Mar 27
Changed: Aug 23
Last Checked: Aug 21 at 9:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Acre Investment Real Estate
Investment Insights
Based on property information with market context.
Cherry Apartments, a 13-unit multifamily property, is situated in Carlsbad, California, near the beach. Constructed in 1959, the property includes 11 one-bedroom, one-bath units, one two-bedroom, one-bath house, and one non-conforming studio. The units are located on two adjoining parcels. Property amenities include off-street parking, landscaping, small yards and patios in select units, balconies, and on-site laundry facilities. Interiors feature gas appliances and dual pane windows. Storage closets are available in the carport area, and some units offer ocean views. The property has been professionally managed. Located less than half a block from the beach, the property is also near restaurants, shopping malls, and major employers. The property size is 5935 square feet. The location is attractive to potential renters, supporting premium rental rates. Opportunities exist for value-add strategies, such as remodeling units to increase rents or converting units to short-term vacation rentals. An alternative option involves redeveloping the site to construct townhomes.
Key Highlights
- Desirable Carlsbad location, less than 1/2 block from a top Southern California beach.
- 13‑unit apartment investment property with a mix of unit types (1BR, 2BR, studio).
- Potential to increase rental income by remodeling units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
Explore this area
Business Placement
Demographics for 92008, CA
27,282
Population
13,102
Households
2.1
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
10.4 sq mi
ZIP Area
2,623
Density / Sq Mi
$105,371
Median Household Income
$55,965
Median Earnings
$2,343
Median Rent
$1,142,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 13-unit apartment complex near the beach in Carlsbad, California.
Where is this apartment building located?
The property is located at 141-145 Cherry Ave Carlsbad, CA.
What is the asking price?
The asking price for this property is $11,050,000.
What are key features of this property?
This property features: Desirable Carlsbad location, less than 1/2 block from a top Southern California beach.; 13‑unit apartment investment property with a mix of unit types (1BR, 2BR, studio).; Potential to increase rental income by remodeling units.
