CP Juniper 385 Juniper Ave 4 Unit Apartment Building $5,200,000 ($1,300,000/Unit) 2.62% Cap Rate Carlsbad, CA 92008

CP Juniper is an artfully designed, 2016 construction, fourplex plus junior studio property set on a 7,500 sq ft lot just two blocks from Tamarack Surf Beach in one of Southern California’s premier coastal communities.
The development was thoughtfully crafted from the ground up by the architect/developer owner as both a personal residence for himself and his family and a prized coastal multifamily investment asset.
The property boasts rare ground level, covered parking and enclosed two car garage for the owner’s unit for a total of 9 parking spaces. The four large, main level residences surround an open communal courtyard patio for increased light, coastal breezes, and architectural interest.
Unit interiors feature cathedral ceilings, modern design finishes, floor to ceiling windows, hard surface flooring throughout, in-unit washer dryers, premium bathroom finishes, and enclosed outdoor yards for select units, and mini-split HVAC systems. Water submeters are installed and can be utilized to bill back tenants and increase NOI. The 4-bedroom owner’s unit features and owned solar.