Upgraded Residential Income
For Sale
$425,000
347-7220 San Benito St, Carlsbad, CA 92011
Well-maintained home with custom cabinetry, quartz counters, high-end appliances, and refined interior finishes.
Property Size1,344 SF
Price / SF$316.22
Days on Market11
Property Features for 347-7220 San Benito St
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Manufactured In Park
Additional Details
Furnished
Yes
Listing Agency:
The Broker Network
(760) 715-7249
Listed By:
Shannon Itzaina · License #01816893
(760) 420-3227
Source:
Exprealty
Added: Aug 28
Changed: Sep 6
Last Checked: Sep 6 at 3:00PM
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 The Broker Network
Investment Insights
Based on property information with market context.
This 1,344-square-foot residence combines extensive interior upgrades with carefully maintained finishes. The kitchen includes white cabinetry with custom details, quartz countertops, and high-end appliances. Built-in cabinetry spans the dining room wall, while laminate flooring runs throughout the home. Crown molding, board-and-batten wainscoting, split-open shutters, and a freestanding tub in the primary bathroom add further detail. Security doors are fitted with Crimsafe products, and a new retaining wall has been added.
The property is located at 347-7220 San Benito St in Carlsbad, California, two houses from the community amenities. The home may be sold furnished.
The property is located at 347-7220 San Benito St in Carlsbad, California, two houses from the community amenities. The home may be sold furnished.
Key Highlights
- 1,344‑square‑foot residence at 347‑7220 San Benito St, Carlsbad, CA
- Kitchen with quartz countertops, custom cabinetry, and high‑end appliances
- Built‑in cabinetry installed across the dining room wall
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,684
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$533,680
$533.7K
Cap Rate 7%
$381,200
$381.2K
Cap Rate 9%
$296,489
$296.5K
Market Conditions
NOI Build-Up for 1,344 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$50.8K $37.80/SF
− Vacancy
−$2.3K −$1.70/SF
EGI
$48.5K $36.10/SF
− OpEx
−$21.8K −$16.24/SF
NOI
$26.7K $19.85/SF
Area
Carlsbad, CA
Vacancy
4.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$533,680
Cap Rate 7%
$381,200
Cap Rate 9%
$296,489
Alternative Uses
Best Use
Apartment 5plus
$381.2K
$333.6K – $444.7K
NOI $26,684 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$493.9K
$432.2K – $576.2K
NOI $34,573 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
Explore this area
Business Placement
Demographics for 92011, CA
23,757
Population
10,159
Households
2.3
Avg Household Size
46
Median Age
67%
College-Educated
98%
High-School Grad
6.5 sq mi
ZIP Area
3,655
Density / Sq Mi
$154,985
Median Household Income
$84,788
Median Earnings
$3,138
Median Rent
$1,188,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Well-maintained home with custom cabinetry, quartz counters, high-end appliances, and refined interior finishes.
Where is this residential income property located?
The property is located at 347-7220 San Benito St Carlsbad, CA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,344‑square‑foot residence at 347‑7220 San Benito St, Carlsbad, CA; Kitchen with quartz countertops, custom cabinetry, and high‑end appliances; Built‑in cabinetry installed across the dining room wall
