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2950 La Costa Ave
Carlsbad, CA 92009
8 Unit Condo Community - La Costa · Multifamily Property For Sale
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8 Units
Investment Highlights
- 8-Unit Condo Community + Incredible North County Location Each
- Spacious Floorplans; Private Yards / Patios; Sixteen (16) Parking Spots; In-Unit Laundry
- Valid Tract Map & Condo Plan In-Place
- Eight (8) 2-Story 1,016sf 2Bedroom / 1Bathroom Units
- Value-Add Opportunity w/ 24% Upside in Rental Income
- Convenient La Costa Location Just Outside the Omni La Costa Resort & Spa
Executive Summary
Located in the beautiful La Costa submarket of Carlsbad, one of North County San Diego’s most desirable areas, The Condominium Homes on La Costa Ave on present an investor with an amazing opportunity. The property is situated on a large 17,239sf parcel, and consists of eight (8) 2Bedroom / 1.5Bathroom 1,016sf condos. Tenant Amenities include spacious floorplans, private yards / patios, two parking spaces for each unit, and in-unit laundry.
With an active tract map and condo plan already in place, An investor can take advantage of multiple value-add strategies by increasing rents to market and/or finalizing the map to sell off the condos individually. Located just outside the gates of the Omni La Costa Resort & Spa, this condo community is positioned perfectly for long term appreciation and rent growth.
With an active tract map and condo plan already in place, An investor can take advantage of multiple value-add strategies by increasing rents to market and/or finalizing the map to sell off the condos individually. Located just outside the gates of the Omni La Costa Resort & Spa, this condo community is positioned perfectly for long term appreciation and rent growth.
Property Facts
| Price Per Unit | $624,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.40 AC |
| Cap Rate | 3.80% | Building Size | 8,124 SF |
| Gross Rent Multiplier | 17.21 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 1.97/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RD-M - Residential Multifamily | ||
| Price Per Unit | $624,375 |
| Sale Type | Investment |
| Cap Rate | 3.80% |
| Gross Rent Multiplier | 17.21 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 8,124 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 1.97/1,000 SF |
| Zoning | RD-M - Residential Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 8 | $3,024 | 1,016 |
Property Taxes
| Parcel Number | 216-300-30 | Improvements Assessment | $848,966 |
| Land Assessment | $3,183,624 | Total Assessment | $4,032,590 |
Property Taxes
Parcel Number
216-300-30
Land Assessment
$3,183,624
Improvements Assessment
$848,966
Total Assessment
$4,032,590
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