141 Cherry Ave

Carlsbad, CA 92008

$5,100,000
Price
1
Bed
2
Baths
2,728 Sq. Ft.
$1,870 / Sq. Ft.
2,728
Sq. Ft.
$1,870
per Sq. Ft.

Description

Cherry Apartments are located in the desirable beach community of Carlsbad, California. This 7 unit apartment investment was built in 1958 and consists of 6 one bedroom/one bath units, and 1 non-conforming studio unit. The property amenities include off -street parking, lush tropical landscaping, and small yards/patios in select units and balconies. The interiors feature gas appliances and dual pane windows. There are storage closets in the carport area and ocean views from some of the units. The...Cherry Apartments are located in the desirable beach community of Carlsbad, California. This 7 unit apartment investment was built in 1958 and consists of 6 one bedroom/one bath units, and 1 non-conforming studio unit. The property amenities include off -street parking, lush tropical landscaping, and small yards/patios in select units and balconies. The interiors feature gas appliances and dual pane windows. There are storage closets in the carport area and ocean views from some of the units. The property has been well maintained and professionally managed and shows a true pride of ownership. The property’s proximity to the ocean is a great draw for potential renters and results in premium rental rates for each unit. The location of the property is less than 1/2 a block from one of the most desirable beaches in Southern California. It is also a short distance to restaurants, premier shopping malls, and major employers. The Cherry Apartments is a rare investment asset that will provide future appreciation opportunity and steady cash fl ow for years to come. There are several opportunities for an investor looking to add value: Remodel and update the interiors of the units and raise rents by $300/$400per unit. Remodel the units in rent some or all as short-term vacation rentals. Scrape the existing structures and build 4-8 multi-million dollar townhomes Leave as is and enjoy future appreciation due to proximity to the beach.

Property Details for 141 Cherry Avenue

Zoning
R-3
Parking Garage
Carports
Area Zip
CARLSBAD (92008)
Standard Status
Active
LISTING UPDATED: 09/29/2025 09:00 AM

Property Details for 141 Cherry Avenue

StatusActive
MLS #230019662
Days on Market803
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial-Res Income / Com-Res Income
Year Built-
Lot Size0.11 AC / 5,000 SF
CountySan Diego County

Location

Listing Courtesy of Acre Investment Real Estate, Craig Stewart, DRE #01060001
Add your commute

Building Information for 141 Cherry Avenue

Stories2Residences7Year Built-Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$25,919 per month

30 year fixed, 6.28% Interest

Principal and Interest

$25,201

Property Taxes

$718

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 141 Cherry Avenue

Summary
Location and General Information
  • Coordinates: -117.346884, 33.150444
  • Latitude: 33.150444
  • Longitude: -117.346884
  • Directions: Google it
  • MLS Area Major: Coastal North
Parking
  • Carport Spaces: 7.0
  • Parking Features: Carports
  • Parking Total: 8.0
Property
Lot Information
  • Building Area Total: 2728.0
  • Building Area Units: Sqft
  • Living Area: 2728
  • Living Area Units: Sqft
  • Lot Size Area: 0.0
  • Lot Size Square Feet: 5000.0
  • Lot Size Units: Acres
  • Lot Size: .25 Acres or less
  • Building Area Source: Buyer to Verify
Property and Assessments
  • Parcel Number: 204-232-15-00
  • Property Sub Type: Com-Res Income
  • Property Type: Residential Income
  • Existing Financing: Clear
  • Year Built: 0
  • Assumable Finance: 0.0
Interior and Exterior Features
Exterior Features
  • Structure Type: Apartment
  • Construction Materials: All Auto Sprinklers, Block Fence, Fully Landscaped, Wood Deck
  • Roof: Composition, Tar & Gravel
  • Community Features: None
  • Number Of Buildings: 1
Interior Features
  • Bathrooms Half: 0
  • Stories: 2
  • Cooling: None
  • Flooring: Slab, Wood
  • Heating: Wall
  • Laundry Features: Leased
  • Levels: 2 Story
  • Bedrooms Count: 1
  • Baths Total: 2.0
Multi Family
Income & Expenses
  • Operating Expense: $79,373
  • Gross Scheduled Income: $172,824
Multi Family Information
  • Unit Rent1: 2200
  • Unit Rent2: 1375
  • Num of Units1: 6
  • Num of Units2: 1
  • Unit Rent Total1: $13,027
  • Unit Rent Total2: $1,375
  • Number Of Units Total: 7
Rental
Rent Information
  • Num of Leased Apartments: 7

Property History for 141 Cherry Avenue

DateEvent & SourcePriceAppreciation
Oct 4, 2023

Listed (Active)

SDMLS #230019662

$5,100,000—
Mar 13, 2021

Expired

SDMLS #200050144

$2,800,000—
Oct 29, 2020

Listed (Active)

SDMLS #200050144

$2,800,000—
Nov 1, 2007

Expired

SDMLS #76059214

—
Jul 24, 2007

Listed (Active)

SDMLS #76059214

$1,750,000—
DateEvent & SourcePrice
10/04/2023

Listed (Active)

SDMLS #230019662

$5,100,000
03/13/2021

Expired

SDMLS #200050144

$2,800,000
10/29/2020

Listed (Active)

SDMLS #200050144

$2,800,000
11/01/2007

Expired

SDMLS #76059214

—
07/24/2007

Listed (Active)

SDMLS #76059214

$1,750,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 141 Cherry Avenue

Taxable ValueLand$430,345Additions$359,644Total$789,989
Tax Record2025$8,614 ($718 / month)
Home Facts
Total Finished SqFt2,728 SqFtAbove Grade Finished SqFt2,728 SqFtLot Size6,205 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningR-3:RESTRICTECountySAN DIEGOAPN204-232-15-00

Schools near 141 Cherry Avenue

This home is within Carlsbad Unified School District.
Rating
School
Type
Grades
Distance
Jefferson Elementary School
Public - K to 5
Valley Middle School
Public - 6 to 8
Carlsbad High School
Public - 9 to 12
Sage Creek High School
Public - 9 to 12
Rating
School
Distance
Jefferson Elementary School
PublicK to 5

Valley Middle School
Public6 to 8

Carlsbad High School
Public9 to 12

Sage Creek High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 141 Cherry Avenue, Carlsbad, CA 92008

141 Cherry Avenue is a multi-family home for sale in Carlsbad, CA 92008. This property was listed for sale on October 4, 2023 by Acre Investment Real Estate, it's currently listed at $5,100,000. This listing's school district is Carlsbad Unified School District. Nearby schools include Jefferson Elementary School, Valley Middle School and Carlsbad High School. 141 Cherry Avenue is a 1-bed, 2-bath, 2,728 sqft multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Acre Investment Real Estate, Craig Stewart, DRE #01060001

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