3056 Carlsbad Blvd, Carlsbad, CA 92008

This Southern California coastal property presents a development opportunity. The site includes 11 beach rentals situated on two contiguous lots, totaling close to a 1/2 acre, located directly across from the beach. The property is located in Carlsbad Village, near the Ocean Palms Beach Resort, Das Carlsbad Mineral Spa, and Legoland California Resort, as well as Michelin-starred restaurants. The property currently operates as a passive income investment. Potential development options include a brewery, bodega, boutique hotel, bistro restaurant, or mixed-use commercial/residential project. The Carlsbad Village Real Estate Holding is located close to world-renowned properties. The sale includes two addresses and two separate APNs. There are nine real property rental units and two space rentals with a 5th wheel and a mobile home. The property was built prior to the City of Carlsbad's incorporation in 1952. Combining both lots puts it at the highest and best developmental designation: The Village and Barrio Master Plan. The property is being sold AS IS, with value in the land and beachside location. Gross income is close to $18,000 monthly. All tenants are month to month with a pro forma upside to rental income. There is one meter for all units including power, gas and water. The owner pays all common use utilities including sewer and trash. The bike score is 51, the walk score is 55, and the transit score is 29.