For Sale

The Beach Palms

150 Walnut Avenue,
Carlsbad, CA 92008
Represented by
ACRE Investment Real Estate Services

Asset Snapshot

Upper Mid-Scale
Multifamily Subtype
$343,687
NOI
1959
Year Built
2017
Year Renovated
2
Floor Count
0.30 Acres
Land Area
8 Units
Unit Count
0 SF
Average Unit Size
6,386 SF
Property Size
90%
Occupancy

Offering Summary

Investment Overview

ACRE Investment Real Estate Services is proud to present The Beach Palms rental property. Currently operating and permitted as a vacation rental property, the potential buyer can continue to reap the increased revenue from vacation rental business, or convert back to a high-end month-to-month rental property. The owners modernized the interiors and common area with the latest luxurious amenities that guests come to expect. They also transformed the large courtyard into a tropical oasis where guests can go to unwind and relax, have a BBQ or spend time with friends and family. There is also an opportunity to add an ADU unit at the rear of the property for additional income. Located across the street from pristine Carlsbad Beach. Walking distance to fine dinning, shopping, galleries and entertainment in Carlsbad Village. The property has two, 2-story low rise buildings, that include a total of 8 units. The South building has Six 2- bedroom units and the north building has one 1-bedroom unit and one 3-bedroom unit. A laundry room is located inside the courtyard, equipped with two complimentary, washers/dryers and laundry detergent. No expense was spared on the total renovation of this property. It will be sold with all the furnishings and electronics.


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Listing Syndicated From

Buildout
For Sale
$8,995,000
Asking Price

Investment Sales Broker

Craig Stewart
ACRE Investment Real Estate Services