The Breeze Apartments - Carlsbad Village

10 Unit Apartment Building | $4,250,000 ($425,000/Unit) | 4.22% Cap Rate | Carlsbad, CA 92008

Asking Price $4,250,000

Property Type: Multifamily
Square Feet: 4,944 SF

Listing Contacts

Angelo La Bruna

Verified Profile

James V. Carter

Verified Profile

Property Info

Property Overview

Extremely well-located, value-add complex in Carlsbad Village. Priced at a 4.22% CAP on actuals with 24% upside in rents, The Breeze Apartments consists of ten (10) 1Bedroom / 1Bathroom single-level apartment homes and sits on a 9,145 sf parcel. Property amenities include a common lounge/BBQ area, laundry facility, and eleven (11) off-street surface parking spots.
The property offers an investor upside in rents (5.60% Proforma CAP) in one of San Diego’s most sought after Coastal North County Markets. Located West of I-5, the property is a few blocks to the Carlsbad Village Shops and Restaurants, and walking distance from the sand.

Property Details

Class: C
Year Built: 1962
Stories: 2
Lot Size (sq. ft): 9,148 SF
Units: 10

Highlights

Fantastic Carlsbad Village Location
4.22% CAP on actuals w/ 24% Upside in Rent (5.60% on Proforma)
Coastal Legacy Asset with Low Maintenance
Onsite Laundry, Common Lounge/BBQ Area, & (11) Off-Street Parking Spots
A Few Blocks to the Carlsbad Village Shops & Restaurants
Walking Distance to the Sand

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