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Property profile & analytics
OFF-MARKET
Apartment buildings
2770 Madison St Carlsbad, CA 92008-1729
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9757816
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Total area
8,210 SF
Lot
0.37 ac (15,988 SF)
Zoning code
RESTRICTED COMMERCIAL
APN
203-110-26-00
UPID
US09-9757816
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
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
Army And Navy Academy · 1 yrs held
Army And Navy Academy
since 2025
Last sale
$4.6M
7 recorded transactions
Zoning & alternative use
RESTRICTED COMMERCIAL · Carlsbad, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Carlsbad submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carlsbad submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$13,997
Tax year 2024
Assessed value
$1,304,069
Assessed 2024
Previous assessed
$1,304,069
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$757,556
Assessed improvement
$546,513
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1964
Heating
NONE
Units
12
Bathrooms
12
Total area
8,210 SF
Lot
0.37 ac (15,988 SF)
Zoning code
RESTRICTED COMMERCIAL
APN
203-110-26-00
UPID
US09-9757816
Jurisdiction
SAN DIEGO
Zoning & alternative use
RESTRICTED COMMERCIAL · Carlsbad, CA
Zoning RESTRICTED COMMERCIAL · permitted uses
RESTRICTED COMMERCIAL · Carlsbad, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carlsbad. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1964
Heating
NONE
Units
12
Bathrooms
12
Lot
0.37 ac
Current owner
From public records · entity-resolved
Army And Navy Academy
Individual
Mailing address
2667 OCEAN ST, CARLSBAD, CA 92008-2238
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2025
$4,600,000
Army And Navy Academy
2770 Madison LLC
Grant Deed
$3,000,000 · Citizens Business Bank
Apr 18, 2017
—
2770 Madison LLC
Phillips Jack D Family Trust
Quit Claim Deed
—
Sep 2, 2016
—
Phillips,jack D Family Trust
Phillips,jack D
Quit Claim Deed
related
—
Jul 20, 1995
—
Jack D Phillips
Phillips,carmen
Quit Claim Deed
related
—
Aug 10, 1989
$725,000
Phillips Jack D
Equity Preservat
Trustees Deed
—
Aug 10, 1989
—
Professional Dat
Garrett Herbert
Trustees Deed
related
—
Aug 10, 1989
$368,000
Equity Preservat
Professional Dat
Trustees Deed
related
—
—
—
Herbert Garrett
—
Deed Of Trust
related
$482,900 · Fidelity Federal Bank
—
—
Jack D Phillips
—
Deed Of Trust
related
$517,500 · Home Savings Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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