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Property profile & analytics
OFF-MARKET
Estimated value
$16,550,000
Apartment buildings
357 Chestnut Ave Carlsbad, CA 92008-3117
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-9740564
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Total area
57,905 SF
Lot
2.16 ac (94,089 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
204-150-33-00
UPID
US09-9740564
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
-
Carlsbad Coast Apartments Apartment Building
-
Amy E. Loder, PsyD Counselor Doctor
-
DogGo Dog Walker
-
La Belle Bloom (Bike/Boat/Book/etc) Store Florist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.69M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.55M
Owner & transaction history
Subsidiaria De San Enrique LLC
Subsidiaria De San Enrique LLC
since 2025
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$19,160,000
6.5%
$17,685,000
7%
$16,425,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$27,480,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$16.55M
Range $14.90M – $18.21M · ±10%
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
$286 / 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
$394,547
Tax year 2024
Assessed value
$37,086,098
Assessed 2024
Previous assessed
$37,086,098
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$25,957,980
Assessed improvement
$11,128,118
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
1974
Heating
NONE
Units
72
Total area
57,905 SF
Lot
2.16 ac (94,089 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
204-150-33-00
UPID
US09-9740564
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
MEDICAL BUILDING
Est. value
$27.5M
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
1974
Heating
NONE
Units
72
Lot
2.16 ac
Current owner
From public records · entity-resolved
Subsidiaria De San Enrique LLC
Entity
Mailing address
139 TAMARISK RD STE #104, PALM SPRINGS, CA 92262-5533
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2025
—
Subsidiaria De San Enrique LLC
San Enrique Company LP
Grant Deed
$24,672,000 · Berkadia Commercial Mortgage LLC
Dec 31, 2024
—
San Enrique Company LP
Riggsck LP
Grant Deed
—
Oct 13, 2021
$35,750,000
San Enrique Company LP
G W Williams Co
Grant Deed
$28,500,000 · Vpd Lender 2 LLC
Oct 23, 2020
—
G W Williams Co
—
Deed
related
$66,500,000 · Boston Private Bk
Nov 3, 2005
—
G W Williams Co
—
Deed Of Trust
related
$16,000,000 · Mid Peninsula Bank
Oct 27, 2000
$9,072,000
G W Williams Co
Carlsbad Coast Apartments LLC
Grant Deed
$5,641,000 · Washington Mutual Fsb
Dec 23, 1988
$6,000,000
Myung Woods
Siegel Larry
Trustees Deed
—
Dec 23, 1988
$1,183,000
Diversified Reso
Youngflesh Harla
Trustees Deed
—
Dec 23, 1988
$2,812,500
Carlsbad Quadran
Cal Y
Trustees Deed
—
Dec 23, 1988
—
Youngflesh Harla
Cal Y
Trustees Deed
related
—
—
—
Carlsbad Coast Apartments
—
Deed Of Trust
related
$5,300,000 · Fremont Investment & Loan
—
—
G W Williams Co
—
Deed Of Trust
related
$3,000,000 · Mid Peninsula Bank
—
—
G W Williams Co
—
Loan Modification
related
$66,500,000 · Boston Private Bk
—
—
Carlsbad Quadran
—
Deed Of Trust
related
$3,750,000 · Glendale Federal Bank
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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