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3177 Lincoln St
Carlsbad, CA 92008
Coastal Carlsbad 6-Unit Apartment Complex · Multifamily Property For Sale
·
6 Units
Investment Highlights
- Irreplaceable Coastal Real Estate in Carlsbad Village
- Value-Add Opportunity w/ 27% Upside in Rental Income
- Tenant Amenities Include Storage Units, Private Yards, & Onsite Laundry Facility
- Strong Unit Mix: (4) 2Bdrm Units + (2) 1Bdrm Units
- Ten (10) Off-street Parking Spaces
- Walk to the Sand & Everything Carlsbad Village Has to Offer
Executive Summary
Located in Carlsbad Village, one of North County San Diego’s most desirable submarkets, the Lincoln St Apartment Homes presents an investor with an amazing opportunity. This clean and well maintained 6-Unit apartment complex boasts walkability to the beach and everything Carlsbad Village has to offer. The property is situated on a 8,160sf parcel, and consists of four (4) 2Bedroom / 1Bathroom Units and two (2) 1Bedroom / 1Bathroom Units. Tenant amenities include ten (10)off-street parking
spots, storage units, private yards, and an onsite laundry room.
With 27% upside in rental income, this asset is perfect for a buyer looking for a premium coastal multifamily asset with substantial rental upside in an outstanding location.
spots, storage units, private yards, and an onsite laundry room.
With 27% upside in rental income, this asset is perfect for a buyer looking for a premium coastal multifamily asset with substantial rental upside in an outstanding location.
Property Facts
| Price Per Unit | $665,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 3.38% | Building Size | 8,232 SF |
| Gross Rent Multiplier | 18.9 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1966 |
| Property Subtype | Apartment | Parking Ratio | 1.21/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3 | ||
| Price Per Unit | $665,833 |
| Sale Type | Investment |
| Cap Rate | 3.38% |
| Gross Rent Multiplier | 18.9 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 8,232 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | R-3 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Yard
Site Amenities
- Laundry Facilities
- Storage Space
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $2,823 | 625 |
| 2+1 | 4 | $2,971 | 950 |
Property Taxes
| Parcel Number | 203-250-09 | Improvements Assessment | $360,746 |
| Land Assessment | $195,429 | Total Assessment | $556,175 |
Property Taxes
Parcel Number
203-250-09
Land Assessment
$195,429
Improvements Assessment
$360,746
Total Assessment
$556,175
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