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Property profile & analytics
OFF-MARKET
Estimated value
$3,660,000
Apartment buildings
2950 La Costa Ave Carlsbad, CA 92009-7454
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9753717
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1979
Total area
8,124 SF
Lot
0.4 ac (17,239 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
216-300-30-00
UPID
US09-9753717
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
-
Carpet & Flooring USA of Carlsbad Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.45M
CAP Approach
CAP
$2.48M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.66M
Owner & transaction history
Nautilus Acquisitions LLC · 4 yrs held
Nautilus Acquisitions LLC
since 2021
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Carlsbad, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.3M
+23.9%
Retail stores
$4.5M
+4.7%
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
Method
Estimation
Statistic approach
$3,595,000
ML approach
$3,450,000
CAP Approach
CAP Return
Estimation
6%
$2,690,000
6.5%
$2,480,000
7%
$2,305,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,300,000
Current use
RESTAURANT
$5,325,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$4,505,000
Change: +5% · Conversion: Difficult
MEDICAL BUILDING
$3,855,000
Change: -10% · Conversion: Moderate
OFFICE BUILDING
$3,480,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$3.66M
Range $3.29M – $4.03M · ±10% · vs last sale $3.80M (Nov 24 2021)
Last sale anchor
$3.80M
Nov 24 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$451 / SF
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
$46,080
Tax year 2024
Assessed value
$3,953,520
Assessed 2024
Previous assessed
$3,953,520
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$3,121,200
Assessed improvement
$832,320
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
1979
Heating
NONE
Units
8
Bathrooms
12
Total area
8,124 SF
Lot
0.4 ac (17,239 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
216-300-30-00
UPID
US09-9753717
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Carlsbad, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.3M
RESTAURANT
Est. value
$5.3M
RETAIL STORES
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Units
8
Bathrooms
12
Lot
0.4 ac
Current owner
From public records · entity-resolved
Nautilus Acquisitions LLC
Entity
Mailing address
833 ASH ST, SAN DIEGO, CA 92101-2814
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2025
—
Nautilus Acquisitions LLC
—
Deed
related
$575,000 · Tgp Opportunity Fund I LLC
Sep 28, 2022
—
Nautilus Acquisitions LLC
—
Deed
related
$3,000,000 · C3bank National Association
Nov 24, 2021
$3,800,000
Nautilus Acquisitions LLC
Sunvale Investment LLC
Grant Deed
$2,887,500 · Balboa Thrift & Loan
Mar 23, 2018
$3,540,000
Sunvale Investment LLC
La Costa Avenue LLC
Grant Deed
—
Feb 5, 2016
$2,250,000
La Costa Avenue LLC
Gerard F Brunache
Grant Deed
$1,687,500 · Citizens Business Bank
Jul 29, 2009
—
Brunache Family Trust
Brunache,gerald F
Quit Claim Deed
related
—
Oct 31, 2008
—
Gerald F Brunache
Brunache,gerald F
Quit Claim Deed
related
—
Jul 28, 1994
$100,000
Gerard F Brunache
Izbicki Trust
Trustees Deed
—
—
—
Brunache Family Trust
—
Deed Of Trust
related
$910,000 · J P Morgan Chase Bank
—
—
Gerard F Brunache
—
Deed Of Trust
related
$525,000 · First Federal Bank Ca
—
—
Izbcki Trust
—
Deed Of Trust
related
$375,000 · First Federal Savings & Loan
—
—
Izbicki Trust
—
Deed Of Trust
related
$30,000 · Individual
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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