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Adams Street Homes I 3747-3751 Adams St 3 Unit Apartment Building $2,625,000 ($875,000/Unit) 4.13% Cap Rate Carlsbad, CA 92008
Investment Highlights
- Multiple income streams with main home and two ADUs per parcel
- Attractive pricing at $2,650,000 per triplex with 4.13% projected cap rate
- Newly built in 2024 with owned solar and smart-home technology
- Prime Olde Carlsbad location near beaches, Village, and major corridors
Executive Summary
Each triplex features a thoughtfully designed three-building layout: a spacious two-story main residence complemented by a junior ADU and a detached ADU. These modern compounds deliver 6 bedrooms, 5 bathrooms, and approximately 3,811 square feet per parcel, blending luxury living with income-generating versatility. The main homes showcase open-concept great rooms, chef’s kitchens with quartz counters and GE Café appliances, and premium European oak flooring, all flowing seamlessly to landscaped, pool-sized backyards.
Built in 2024 with owned solar and smart-home infrastructure, these properties minimize near-term capital expenditures and support predictable cash flow. Parking for up to seven vehicles, private driveways, and fully landscaped outdoor spaces enhance tenant appeal. Located minutes from Carlsbad Village, Tamarack Beach, and major transportation corridors, this high-barrier-to-entry submarket ensures durable demand and long-term appreciation.
Priced at $2,650,000 per triplex, this offering delivers multiple income streams and a projected 4.13% cap rate on stabilized income—an exceptional opportunity for investors or owner-users seeking coastal living with offsetting rental income.
Built in 2024 with owned solar and smart-home infrastructure, these properties minimize near-term capital expenditures and support predictable cash flow. Parking for up to seven vehicles, private driveways, and fully landscaped outdoor spaces enhance tenant appeal. Located minutes from Carlsbad Village, Tamarack Beach, and major transportation corridors, this high-barrier-to-entry submarket ensures durable demand and long-term appreciation.
Priced at $2,650,000 per triplex, this offering delivers multiple income streams and a projected 4.13% cap rate on stabilized income—an exceptional opportunity for investors or owner-users seeking coastal living with offsetting rental income.
Property Facts
| Price | $2,625,000 | Apartment Style | Townhome |
| Price Per Unit | $875,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 4.13% | Building Size | 3,811 SF |
| Gross Rent Multiplier | 16.39 | No. Stories | 2 |
| No. Units | 3 | Year Built | 2024 |
| Property Type | Multifamily | Parking Ratio | 1.05/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R-1 - Residential | ||
| Price | $2,625,000 |
| Price Per Unit | $875,000 |
| Sale Type | Investment |
| Cap Rate | 4.13% |
| Gross Rent Multiplier | 16.39 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 3,811 SF |
| No. Stories | 2 |
| Year Built | 2024 |
| Parking Ratio | 1.05/1,000 SF |
| Zoning | R-1 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 750 |
| 4+3 | 1 | - | 2,800 |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $4,388,000 | |
| Land Assessment | $992,227 | Total Assessment | $5,380,227 |
Property Taxes
Parcel Numbers
Land Assessment
$992,227
Improvements Assessment
$4,388,000
Total Assessment
$5,380,227
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Adams Street Homes I | 3747-3751 Adams St
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