Gated 55+ Residential Income
7213 San Luis Street 171, Carlsbad, CA 92011
For Sale
$399,300
Updated three-bedroom residence with a covered deck, split-bedroom layout, and access to extensive community amenities.
Property Size1,656 SF
Price / SF$241.12
Days on Market51
Property Features for 7213 San Luis Street 171
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Multifamily Units
Amenities
heated pool and spa
sauna
fitness center
billiard room
ping pong
shuffleboard
clubhouse
stage
kitchen
fireside lounge
card room
library
patio
fountain
fire pit
outdoor fireplace
barbecue areas
walking paths
lakes
secured entry gates
storage shed
deck
Listing Agency:
AARE
(858) 342-9292
Listed By:
Mindi Landry
(760) 525-0061
Source:
Realtyrightchoice
Added: Sep 20
Changed: Nov 1
Last Checked: Nov 8 at 5:26AM
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 AARE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,656-square-foot residence offers a split-bedroom floor plan with the primary suite positioned apart from two secondary bedrooms and a full bathroom. The living room connects to a generous dining area and kitchen with a casual eating nook, while vaulted ceilings, tray detailing, ceiling-fan lighting, barn doors, and refreshed flooring add to the interior finish. The primary suite includes a walk-in closet with built-ins and a large bathroom with a glass-enclosed walk-in shower. Outdoor features include a covered raised deck with roller shades, two patio areas, a storage shed, and Sola Tubes.
The home is located within Lakeshore Gardens, a gated 55+ community set on approximately 54 acres with mature landscaping, greenbelts, freshwater lakes, walking paths, and more than 380 residences. Amenities include a heated pool and spa, sauna, fitness center, billiard room, clubhouse, library, outdoor fireplace, fire pit, fountain, and barbecue areas. Poinsettia Village Shopping Center is directly across the way, with grocery, dining, services, and other daily conveniences nearby. Beaches, golf courses, medical facilities, and coastal attractions are also within minutes.
The home is located within Lakeshore Gardens, a gated 55+ community set on approximately 54 acres with mature landscaping, greenbelts, freshwater lakes, walking paths, and more than 380 residences. Amenities include a heated pool and spa, sauna, fitness center, billiard room, clubhouse, library, outdoor fireplace, fire pit, fountain, and barbecue areas. Poinsettia Village Shopping Center is directly across the way, with grocery, dining, services, and other daily conveniences nearby. Beaches, golf courses, medical facilities, and coastal attractions are also within minutes.
Key Highlights
- 1,656‑square‑foot residence at 7213 San Luis Street, 171, Carlsbad, CA 92011
- Split‑bedroom layout with primary ensuite and two additional bedrooms
- Covered raised deck with Timber Tech Azek decking installed 2 years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,879
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,580
$657.6K
Cap Rate 7%
$469,700
$469.7K
Cap Rate 9%
$365,322
$365.3K
Market Conditions
NOI Build-Up for 1,656 SF
Gross rent
$62.6K $37.80/SF
− Vacancy
−$2.8K −$1.70/SF
EGI
$59.8K $36.10/SF
− OpEx
−$26.9K −$16.24/SF
NOI
$32.9K $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 Rate 5%
$657,580
Cap Rate 7%
$469,700
Cap Rate 9%
$365,322
Alternative Uses
Best Use
Apartment 5plus
$469.7K
$411.0K – $548.0K
NOI $32,879 @ 7.0% cap · market cap 8.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$608.6K
$532.5K – $710.0K
NOI $42,599 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
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
$1,188,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Residential income properties in San Diego County, CA
Properties on Market for Residential income properties in San Diego County
Frequently Asked Questions
What type of property is this?
Residential income property - Updated three-bedroom residence with a covered deck, split-bedroom layout, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 7213 San Luis Street 171 Carlsbad, CA.
What is the asking price?
The asking price for this property is $399,300.
What are key features of this property?
This property features: 1,656‑square‑foot residence at 7213 San Luis Street, 171, Carlsbad, CA 92011; Split‑bedroom layout with primary ensuite and two additional bedrooms; Covered raised deck with Timber Tech Azek decking installed 2 years ago
