Gated 55+ Residential Income
New
For Sale
$399,800
7213 San Luis Street 171, Carlsbad, CA 92011
Updated three-bedroom residence with a covered deck, split-bedroom layout, and access to extensive community amenities.
Property Size1,656 SF
Price / SF$241.43
Days on Market3
Property Features for 7213 San Luis Street 171
General Information
Standard status
Active
Size
1,656 SF
Property subtype
Manufactured In Park
Additional Details
Highway Access
Yes
Multifamily Units
1
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
Last Checked: Sep 21 at 6:49AM
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
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 = 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
$32,879
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
8.22%
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%
$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
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
$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 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%
$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 8.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$608.6K
$532.5K – $710.0K
NOI $42,599 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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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 $399,800.
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
