Carlsbad, CA 92008,350 Chinquapin Ave
Carlsbad, CA 92008,350 Chinquapin Ave
Carlsbad, CA 92008,350 Chinquapin Ave
Carlsbad, CA 92008,350 Chinquapin Ave
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$11,500,000

$12,500,000

8.0%
Est.Price: ?

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Est. payment /mo

1.22 Acres Lot


SOLD DATE : 05/15/2024

Key Details

Sold Price $11,500,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 240004226SD

Sold Date 05/15/24

HOA Y/N No

Lot Size 1.220 Acres

Property Description

We are pleased to present Camelot Terrace Apartments for sale in an irreplaceable coastal location in Carlsbad, San Diego. The subject is less than 400 yards from Tamarack Beach and the Pacific Ocean. Camelot Terrace offers an ideal unit mix of four 1-bed/1-bath units and 21 large 2-bed/1.5 bath town home units. The low density community sits on a large 1.22 acre parcel with ample parking and community laundry facilities. The subject has been well-maintained and professionally managed. In recent years, select unit interiors and the building exterior have been improved. A future investor could complete a deeper renovation with high-end finishes and additional amenities such as in-unit washer and dryers to raise rents significantly. The coastal sub-market of Carlsbad is one of the most desirable markets in San Diego. The subject property will always be in high demand due to the lack of supply from the scarcity and high cost of developable land. The subject benefits from close proximity to the beach and is less than 1-mile from Carlsbad Village's commercial core with abundant restaurants and shopping. The nearest light rail station is 1-mile from the subject, which connects riders from Oceanside to Downtown San Diego and beyond.

Location

State CA

County San Diego

Area 92008 - Carlsbad

Interior

Heating Radiant

Fireplace No

Exterior

Roof Type Composition

Others

Tax ID 2060203400

Financing Cash to New Loan

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California Regional MLS (CRMLS)
Listed by Eric Comer • Eric D. Comer, Broker
Bought with Eric Comer • Eric D. Comer, Broker
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880 Roosevelt Suite 250, Irvine, California, 92620, United States

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