141 Cherry Ave Carlsbad, CA 92008

Property Details for 141 Cherry Ave

Year built

1959

Lot size

0.14 lot acres

Property size

2,728 SF

Zone code

R-3:RESTRICTED MULTIPLE

Property type

Apartment buildings

APN

204-232-15-00

APU

2042321500

Description

This exceptional seven-unit mixed-use investment property is situated on a 0.11-acre lot at 141 Cherry Street in the highly desirable beach community of Carlsbad, California. Built in 1958, the property comprises six one-bedroom/one-bathroom units and one non-conforming studio unit. Residents enjoy amenities such as off-street parking, attractive tropical landscaping, and select units feature private yards/patios or balconies. Interior features include gas appliances and dual-pane windows. Convenient storage closets are located in the carport area. Ocean views are available from certain units, commanding premium rental rates due to the property's proximity—less than half a block—to one of Southern California's most coveted beaches. The location also offers easy access to restaurants, upscale shopping malls, and major employment centers. The property has been meticulously maintained and professionally managed, reflecting a clear commitment to quality. This well-established investment presents a compelling opportunity for significant future appreciation and consistent cash flow. Value-add potential includes interior unit renovations to increase rental income by $300-$400 per unit, converting units into short-term vacation rentals, or redevelopment into 4-8 high-value townhomes. Alternatively, the property can be maintained in its current state to capitalize on the inherent appreciation driven by its prime beachside location. The asking price is $5,100,000.

Location Insight

City

Carlsbad

County

San Diego

State

California

Longitude

-117.347

Latitude

33.1504

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments