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737 Pine Ave 3 Unit Apartment Building Offered at $2,595,000 at a 4.33% Cap Rate Carlsbad, CA 92008
Investment Highlights
- Prime Investment Opportunity 2 blocks from Carlsbad Village
- Charming pine ceilings and abundance of natural light
- Fully renovated main home, attached ADU and detached cottage complete with laundry in each unit
Executive Summary
COMPLETELY RENOVATED INVESTMENT PROPERTY or FAMILY / MULTI-GENERATIONAL COMPOUND in CARLSBAD west of I-5. Realize the CARLSBAD VILLAGE LIFESTYLE in this PRIME LOCATION two blocks from Carlsbad Village shops and restaurants. WALK to CARLSBAD VILLAGE or CARLSBAD BEACHES! This unique property offers three separate addresses on one parcel. Unit #735: 3 bed / 2 bath. Unit #737: 1 bed / 1 bath. Unit #3208: 2 bed / 1 bath. This extensive renovation includes new roofs, new electrical with three separate SDG&E globes, new sewer line, new gas line, new kitchens & baths, new laundry in each unit, new flooring, new windows and doors, new lighting, new paint and more! Come see for yourself what this property has to offer!
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| 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 | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Yard
- Freezer
- Garden
- Lawn
- Patio
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Recycling
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $5,000 | - |
| 2+1 | 1 | $3,850 | - |
| 1+1 | 1 | $2,850 | - |
1 1
Walk Score®
Walker's Paradise (96)
Bike Score®
Very Bikeable (74)
Property Taxes
| Parcel Number | 204-083-01 | Total Assessment | $1,700,000 |
| Land Assessment | $1,525,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $175,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
204-083-01
Land Assessment
$1,525,000
Improvements Assessment
$175,000
Total Assessment
$1,700,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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737 Pine Ave
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