141 Cherry Avenue

141 Cherry Avenue

Carlsbad, CA 92008

$5,100,000
Price
1
Beds
2
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a view of a white house with a yard
an aerial view of residential house with parking area
a view of a house with a swimming pool
a kitchen with a refrigerator a sink and cabinets
a kitchen with granite countertop white cabinets and white appliances
a view of a kitchen with a sink and wooden floor
a kitchen with granite countertop a stove a sink and white cabinets with wooden floor
a bathroom with a sink a toilet and mirror
an empty room with fan and entrance
an empty room with windows and fan
a kitchen with granite countertop cabinets and white appliances
a view of a balcony
a view of a city
a house view with a outdoor space
a view of a house with a street
a front view of a house with garden
a front view of a house with a yard
a view of a cars park in front of a house
a front view of a house with a garden and yard

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.
  1. Listed by Craig Stewart • DRE #01060001 • Acre Investment Real Estate

Property Details for 141 Cherry Avenue

City Postal ID
CARLSBAD (92008)

Location

Listing Courtesy of Acre Investment Real Estate, Craig Stewart, DRE #01060001
Add your commute
LISTING UPDATED: 11/03/2023 04:10 PM

Property Details for 141 Cherry Avenue

StatusActive
MLS #230019662
Days on Market206
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial-Res Income / Apartment
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

Stories-Residences-Year Built-Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$28,523 per month

30 year fixed, 7.25% Interest

Principal and Interest

$27,833

Property Taxes

$690

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 141 Cherry Avenue

Summary Information
Property and Location
  • System ID: 230019662
  • Class: COMMERCIAL-RES INCOME
  • Street Number Numeric: 141
  • Street Name: Cherry
  • Market Area: Coastal North
  • Directions To Property: Google it
Interior and Exterior Features
Interior Features
  • Num of Units w/Dishwashers: 0
Exterior Features
  • Exterior: All Auto Sprinklers, Block Fence, Fully Landscaped, Wood Deck
  • Roof: Composition, Tar & Gravel
Property Information
Property and Assessments
  • Entry Only: No
  • Lot Size: .25 Acres or less
  • Zoning: R-3
  • Assessors Parcel Num: 204-232-15-00
Multi Family Information
Unit 1
  • Unit Furnished: 0
  • Unit Rent: 2200
  • Unit Rent Total: $13,027
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Number of Bathrooms: 1
Unit 2
  • Unit Furnished: 0
  • Unit Rent: 1375
  • Unit Rent Total: $1,375
  • Unit 2 Number of Bedrooms: 0
  • Unit 2 Number of Bathrooms: 1
Building Details
  • Unit Type: Apartment
  • Age: 1958
  • Amenities: None
  • Construction: Block, Frame, Lath/Plaster, Stucco
  • Floor Covering: Tile, Vinyl, Wall to Wall Carpet
  • Floors: Slab, Wood
  • Have: Units
  • Motive/Want: Out of State
  • Parking: Carports
  • Special: None
  • SqFt of Improvement: 2,728
  • Tenant Pays Electric: y
  • Tenant Pays Gas: y
  • Tenant Pays Water: n

Property History for 141 Cherry Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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$413,635Additions$345,680Total$759,315
Tax Record2023$8,274 ($690 / 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
Sage Creek High School
Public - 9 to 12
Carlsbad High School
Public - 9 to 12
Rating
School
Distance
Jefferson Elementary School
PublicK to 5

Valley Middle School
Public6 to 8

Sage Creek High School
Public9 to 12

Carlsbad 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near North Beach

Neighborhoods

Cities

ZIPs

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 Sage Creek High School. 141 Cherry Avenue is a 1-bed, 2-bath, 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. No financial or legal advice provided. Equal Housing Opportunity.

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

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by SDMLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 SDMLS®, Inc.