$9,300,000
$9,500,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
0.78 Acres Lot
SOLD DATE : 11/07/2022
Key Details
Sold Price $9,300,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 220017230SD
Sold Date 11/07/22
HOA Y/N No
Lot Size 0.780 Acres
Property Description
Tranquilla Apartments are a newly renovated 20-unit residential community perfectly appointed to attract the highest quality tenants in the market. The comprehensive renovation completed in 2022 includes building exterior, interior, and major systems. Unit interiors feature state of the art kitchens with wood shaker cabinets, quartz countertops, high end matte black fixtures, and 5-piece stainless steel appliance packages with LG washer/dryers, dishwasher, refrigerator, gas range and microwave. The units are also appointed with new wood vinyl plank flooring, A/C’s (12,000 BTU’s), modern ceiling fans, pocket doors and bathrooms with tile shower enclosure and vanities matching the modern décor of the kitchens. Exterior renovations include new roofs, windows, rain gutters, exterior paint, plumbing and electrical. The plumbing work includes all new supply lines from the street water meter and lateral drain lines from the slab up. The electrical improvements include wiring throughout the units and a power upgrade from 200 amps to 400 amps with all new meters from SDG&E. Originally built in 1962 (Renovated 2022), the property features four single-story buildings sprawled out over an expansive 33,977 SF lot with abundant off-street parking to create the ideal living environment. The unit mix consists of 18 spacious open concept one-bedroom units each measuring 590 SF and two studio units measuring 384 SF. *Studios are fully renovated and expected to be completed in next 45 days. *SEE OFFERING MEMORANDUM IN DOCUMENTS* See complete Offering Memorandum in Documents.
Location
State CA
County San Diego
Area 92008 - Carlsbad
Interior
Fireplace No
Exterior
Total Parking Spaces 24
Others
Tax ID 2041103300
Financing Cash to New Loan
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Bought with Conor Brennan • Marcus & Millichap
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States