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Coastal Carlsbad 6-Unit Apartment Complex 3177 Lincoln St 6 Unit Apartment Building $3,995,000 ($665,833/Unit) 3.38% Cap Rate Carlsbad, CA 92008
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,995,000 | Apartment Style | Low-Rise |
| 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 |
| Zoning | R-3 | ||
| Price | $3,995,000 |
| 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
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- Laundry Facilities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $2,823 | 625 |
| 2+1 | 4 | $2,971 | 950 |
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (70)
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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Coastal Carlsbad 6-Unit Apartment Complex | 3177 Lincoln St
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