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Property profile & analytics
OFF-MARKET
Office Spaces

1015 Chestnut Ave Ste A2 Carlsbad, CA 92008-2563

1,084 SF 0.39 ac lot Built 1984
Trust Owned 12-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-9810475
Property summary
AI-generated overview

This exceptional 1,455-square-foot office condo in Carlsbad, California, presents a unique investment opportunity. Located at 1015 Chestnut Avenue, Suite E3, this property boasts a strategic location near Carlsbad Village, offering convenient access to the I-5 and 78 freeways, and proximity to housing, shopping, and employment centers. The suite is situated on the third floor of a well-maintained building (constructed in 1984), with elevator access for ease of use. The space is currently configured as one large suite, but the two separate Assessor's Parcel Numbers (APN) – 802 square feet and 653 square feet – allow for potential future division. The current layout includes a spacious office (previously two), a conference room (suitable as a private office), an additional private office, a reception waiting area, and a reception work area. A significant advantage is the building's rooftop, leased to two telecom companies, generating income that offsets approximately 50% of the property's operating expenses. Ample parking is available, both covered and uncovered. This is an ideal opportunity for businesses seeking to own their space and benefit from a strong location and income-generating features.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1984
Total area 1,084 SF
Lot 0.39 ac (16,801 SF)
Zoning code COMMERCIAL
APN 205-190-25-01
UPID US09-9810475
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bud Tovar - State Farm Insurance Agent Insurance Agency
  • Law Offices of Richard B. Macgurn Law Firm
  • Law Offices of Gregory S. Duncan Law Firm
  • DeVito & Nore, A.P.C. - Family Law & Mediation Law Firm Child Welfare Organization
  • Aro Partners Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Cox 2001 Family Trust · 12 yrs held
Cox 2001 Family Trust
since 2013
7 recorded transactions
2013
Price N/A
2003
$329,000
1994
$107,000
1994
$90,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
COMMERCIAL · Carlsbad, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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