3050 Pio Pico Drive

Carlsbad, CA 92008

$6,450,000
Price
Beds
5,589 Sq. Ft.
$1,154 / Sq. Ft.
5,589
Sq. Ft.
$1,154
per Sq. Ft.

Description

Prime Development Opportunity in Carlsbad California 35,719 SQFT of FLAT lot in close proximity to I-5 Freeway. Ideal location for a Motel mixed use development. Within a short walking distance to the Village of Carlsbad. Feasibility study is attached. Property has a parking sharing agreement with next door property, see attachment. The two restaurants have 5 year leases but one of them owes back rents due to COVID. Property is sold "AS IS' no inspection contingency. The Listing Agent has ownership...Prime Development Opportunity in Carlsbad California 35,719 SQFT of FLAT lot in close proximity to I-5 Freeway. Ideal location for a Motel mixed use development. Within a short walking distance to the Village of Carlsbad. Feasibility study is attached. Property has a parking sharing agreement with next door property, see attachment. The two restaurants have 5 year leases but one of them owes back rents due to COVID. Property is sold "AS IS' no inspection contingency. The Listing Agent has ownership interest in the property
  1. Listed by Robert Azimi • DRE #02106082 • Brokerage DRE #01340872 • Petrone Properties, Inc • behzadazimi2000@yahoo.com

Property Details for 3050 Pio Pico Drive

Parking Spaces Total
67
Total Units
2.0
Business Type
Restaurant
Lot Size Source
Assessor
Lot Size Dimensions
35,719 SQFT
Building Area Total
5589
Building Area Units
Square Feet
Stories Total
1

Location

Listing Courtesy of Petrone Properties, Inc, Robert Azimi, DRE #02106082
Add your commute
LISTING UPDATED: 01/10/2024 03:08 AM

Property Details for 3050 Pio Pico Drive

StatusActive
MLS #NDP2308314
Days on Market192
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1973
Lot Size0.82 AC / 35,719 SF
CountySan Diego County

Location

Listing Courtesy of Petrone Properties, Inc, Robert Azimi, DRE #02106082
Add your commute

Building Information for 3050 Pio Pico Drive

Stories1Residences-Year Built1973Lot Size0.82 AC / 35,719 SF

Payment Calculator

$37,391 per month

30 year fixed, 7.25% Interest

Principal and Interest

$35,200

Property Taxes

$2,191

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3050 Pio Pico Drive

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $291,305
  • Net Operating Income: $117,244
  • Cap Rate: 0.0
Expense Details
  • Operating Expense: $174,060
  • Electric Expense: $40,145
  • Insurance Expense: $2,676
  • Maintenance Expense: $4,050
  • Professional Management Expense: $10,200
  • Trash Expense: $4,200
  • Water Sewer Expense: $6,880
  • Real Estate Tax Expense: $27,100
  • Total Expenses: $174,060
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Cooling: Central Air
  • Heating: Forced Air
Exterior Features
  • Fence: Yes
Land/Lot Info
  • Sign on Property: No
  • Lot Features: Level with Street, Lot 20000-39999 Sqft, Near Public Transit, Paved, Value In Land
  • Current Commercial Use: Restaurant
  • Land Use: Other
  • Topography: Located on a flat lot in close proximity to I-5 Freeway
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Uncovered Spaces: 67
Unit Information
Unit Information
  • Number Of Buildings: 2

Property History for 3050 Pio Pico Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3050 Pio Pico Drive

Taxable ValueLand$1,479,508Additions$887,702Total$2,367,210
Tax Record2023$26,296 ($2,191 / month)
Home Facts
Total Finished SqFt5,589 SqFtAbove Grade Finished SqFt5,589 SqFtLot Size35,719 SqFtStyleRestaurantYear Built1973ZoningCOMMERCIALCountySAN DIEGOAPN156-180-44-00

Schools near 3050 Pio Pico Drive

This home is within Carlsbad Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Magnolia 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

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Similar Sold Homes

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3050 Pio Pico Drive is a mixed use property for sale in Carlsbad, CA 92008. This property was listed for sale on October 25, 2023 by Petrone Properties, Inc, it's currently listed at $6,450,000. It has been on the market for a total of 192 days and was last sold on April 11, 2013. This listing's school district is Carlsbad Unified School District. Nearby schools include Magnolia Elementary School, Valley Middle School and Sage Creek High School. 3050 Pio Pico Drive is a 0-bed, 0-bath, 5,589 sqft mixed use property built in 1973.

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Listing Courtesy of Petrone Properties, Inc, Robert Azimi, DRE #02106082

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