$11,500,000
$12,500,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Eric Comer • Eric D. Comer, Broker
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
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