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Property profile & analytics
OFF-MARKET
Estimated value
$3,775,000
Apartment buildings
3366 Roosevelt St Carlsbad, CA 92008-3065
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7737326
Property summary
AI-generated overview
This exceptional 10-unit apartment building presents a compelling value-add investment opportunity in the highly desirable Carlsbad Village. Boasting a prime location just blocks from shops, restaurants, and the beach, this two-story, 1964-built complex offers significant upside potential. The property features 4,944 square feet of net rentable space situated on a 9,145 square foot lot, with 11 off-street parking spaces. Currently generating a 4.20% cap rate and a NOI of $179,357, a pro-forma analysis projects a 5.60% cap rate and a NOI of $238,034, reflecting a substantial 24% rental upside. Each of the ten units is a single-level, one-bedroom, one-bathroom apartment. Community amenities include a common lounge/BBQ area and an on-site laundry facility. The property is zoned V-B and has an asking price of $4,250,000, or $425,000 per unit. This coastal legacy asset offers low maintenance and high potential for rental income growth in one of San Diego's most sought-after coastal markets. The APN is 204-092-24-00.
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Total area
4,944 SF
Lot
0.21 ac (9,145 SF)
Zoning code
RESTRICTED COMMERCIAL
APN
204-092-24-00
UPID
US09-7737326
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
$3.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.78M
Owner & transaction history
Pamela Bronson · 1 yrs held
Pamela Bronson
since 2025
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
RESTRICTED COMMERCIAL · Carlsbad, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.5M
+60.6%
Retail stores
$2.9M
+4.0%
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
$3,600,000
ML approach
$3,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,775,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,455,000
Change: +61% · Conversion: Difficult
RETAIL STORES
$2,885,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$2,345,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$3.78M
Range $3.40M – $4.15M · ±10% · vs last sale $3.95M (Oct 14 2024)
Last sale anchor
$3.95M
Oct 14 2024
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
$764 / 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
$45,101
Tax year 2024
Assessed value
$4,233,000
Assessed 2024
Previous assessed
$4,233,000
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$3,366,000
Assessed improvement
$867,000
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
10
Bathrooms
10
Total area
4,944 SF
Lot
0.21 ac (9,145 SF)
Zoning code
RESTRICTED COMMERCIAL
APN
204-092-24-00
UPID
US09-7737326
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.5M
RETAIL STORES
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL 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
1964
Heating
NONE
Units
10
Bathrooms
10
Lot
0.21 ac
Current owner
From public records · entity-resolved
Pamela Bronson
Individual
Mailing address
4764 CRATER RIM RD, CARLSBAD, CA 92010-5548
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2025
$3,950,000
Pamela Bronson
Neel R Pujara
Grant Deed
—
Jun 12, 2024
$3,600,000
Neel R Pujara
Tgp Opportunity Fund I LLC
Grant Deed
$2,700,000 · Tgp Opportunity Fund I LLC
May 22, 2024
$3,481,422
Tgp Opportunity Fund I LLC
Sonny Roosevelt LLC
Trustees Deed
related
—
Mar 15, 2024
—
Sonny Roosevelt LLC
—
Deed
related
$1,000,000 · Hfc Acceptance LLC
Feb 8, 2023
$4,150,000
Sonny Roosevelt LLC
3366 Roosevelt LLC
Grant Deed
$3,000,000 · Tgp Opportunity Fund I LLC
Aug 9, 2019
$2,718,500
3366 Roosevelt LLC
Glenn L Goldman
Grant Deed
$920,000 · Jpmorgan Chase Bank NA
Jul 6, 2016
—
Glenn L Goldman
—
Deed
related
$1,365,000 · Jpmorgan Chase Bank NA
Jun 13, 2014
$1,750,000
Glenn L Goldman
Bradley Family Rentals LLC
Grant Deed
$945,000 · Jpmorgan Chase Bank NA
Aug 26, 2010
$1,100,000
Bradley Family Rentals LLC
Cal-western Reconveyance
Trustees Deed
related
—
Aug 31, 2006
$1,650,000
Roosevelt Group
Nielsen Robert L
Grant Deed
$1,050,000 · Bradley Family Rentals LLC
Apr 25, 1991
—
Nielsen Trust
Nielsen,robert L
Quit Claim Deed
related
—
—
—
Nielsen Trust
—
Deed Of Trust
related
$500,000 · Washington Mutual Fsb
—
—
Neilsen,tr
—
Deed Of Trust
related
$565,000 · Washington Mutual Fsb
—
—
Robert L Nielsen
—
Deed Of Trust
related
$350,000 · Fidelity Federal Bank
—
—
Robert L Nielsen
—
Deed Of Trust
related
$25,000 · Hughes R L
—
—
Roosevelt Group
—
Deed Of Trust
related
$280,000 · Federated Holdings Group Ltd
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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