3480 Garfield Street

Carlsbad, CA 92008

$3,485,000
Last Sold Price
2
Beds
8
Baths
4,272 Sq. Ft.
$816 / Sq. Ft.
4,272
Sq. Ft.
$816
per Sq. Ft.

Description

Price just reduced! Just one block from the surf, sand and boardwalk at Carlsbad State Beach, this upgraded, remodeled and well-maintained four-plex offers a great opportunity for lease and vacation rental income. Each unit presents a spacious living room, two bedrooms including one ensuite, two baths, upgraded or new dine-in kitchens with stainless steel appliances, upgraded dual-pane windows, privacy windows in bedrooms, and access to a covered carport space. Occupying a coveted lot of nearly 5,500...Price just reduced! Just one block from the surf, sand and boardwalk at Carlsbad State Beach, this upgraded, remodeled and well-maintained four-plex offers a great opportunity for lease and vacation rental income. Each unit presents a spacious living room, two bedrooms including one ensuite, two baths, upgraded or new dine-in kitchens with stainless steel appliances, upgraded dual-pane windows, privacy windows in bedrooms, and access to a covered carport space. Occupying a coveted lot of nearly 5,500 square feet, the property is complemented by a shared BBQ area, a shared laundry area, and tropical landscaping accented by coastal Tiki decor. The four apartments offer a combined total of approximately 4,272 square feet, with varying units displaying Shaker cabinetry, granite or quartz countertops, marble- and wood-inspired plank and tile flooring and vaulted open-beam ceilings. Residents and vacationers can leave their cars at home and enjoy the beach, and the wide variety of cafés, shops and restaurants in Carlsbad Village. I-5 is close by and provides quick access to the pier-side resorts of Oceanside, Del Mar’s village and racetrack, Legoland and downtown San Diego.
  1. Listed by Doug Echelberger • DRE #01176379 • Brokerage DRE #01767484 • Pacific Sotheby's Int'l Realty • doug@echelberger.com

Property Details for 3480 Garfield Street

Architectural Style
Custom Built
View
Hills, Neighborhood, Panoramic
Parking Spaces Total
8
Private Pool
No
Cooling Type
Central Forced Air
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor

Location

Listing Courtesy of Pacific Sotheby's Int'l Realty, Doug Echelberger, DRE #01176379

Sold By NONMEMBER MRML, General NONMEMBER, DRE #01441142

Add your commute
LISTING UPDATED: 08/24/2023 07:29 AM

Property Details for 3480 Garfield Street

StatusClosed
MLS #OC23006957
Days on Market170
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.13 AC / 5,540 SF
CountySan Diego County

Location

Listing Courtesy of Pacific Sotheby's Int'l Realty, Doug Echelberger, DRE #01176379

Sold By NONMEMBER MRML, General NONMEMBER, DRE #01441142

Add your commute

Virtual Tour

Building Information for 3480 Garfield Street

Stories2Residences-Year Built1964Building Size-Lot Size0.13 AC / 5,540 SF

Payment Calculator

$20,686 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,019

Property Taxes

$1,667

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3480 Garfield Street

Rental Info
Rental Info
  • Tenant Pays: None
Income / Expense / Tax Details
Income Details
  • Gross Income: $292,024
  • Gross Scheduled Income: $292,024
  • Gross Operating Income: $292,024
  • Net Operating Income: $190,473
  • Gross Multiplier: 13.61
  • Cap Rate: 4.8
  • Current Financing: None
  • Financing: Conventional
Expense Details
  • Operating Expense: $101,551
  • Fuel Expense: $0
  • Furniture Replacement Expense: $1,744
  • Electric Expense: $3,583
  • Insurance Expense: $7,000
  • Professional Management Expense: $67,170
  • Trash Expense: $1,235
  • Water Sewer Expense: $932
  • Total Expenses: $101,473
Tax / Assessment Info
  • Tax Tract Number: 1747
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 13
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Biking, Curbs, Gutters, Sidewalks
  • Community: CARLSBAD WEST
Property / Structure Info
Interior Features
  • Appliances: Built-In Range, Dishwasher, Electric Oven, Disposal, Gas Cooktop, Self Cleaning Oven, Vented Exhaust Fan, Water Line to Refrigerator
  • Equipment: Dishwasher, Gas Dryer Hookup, In Closet, Inside, Vented Exhaust Fan, Washer Hookup, Water Line to Refrigerator
  • Interior Features: Beamed Ceilings, Built-in Features, Ceiling Fan(s), High Ceilings, Open Floorplan, Recessed Lighting, Stone Counters
  • Room Type: Entry, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite
  • Bedroom Features: Main Floor Bedroom, Main Floor Master Bedroom, Master Bedroom, Master Suite
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, In Closet, Inside, Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Laminate, Tile
Exterior Features
  • Door Features: Panel Doors
  • Window Features: Double Pane Windows, Roller Shields, Screens
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s)
  • Exterior Features: Lighting, Rain Gutters
  • Fence: Yes
  • Fence: Wood
  • Fencing: Wood
  • View Description: Hills, Panoramic
  • Waterfront Features: Ocean Side of Freeway
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Landscaped, Level with Street, Sprinkler System, Sprinklers In Front, Walkstreet
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Carport, Driveway, Private
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 0
  • Carport Spaces: 4
  • Parking Features: Carport, Covered, Driveway, Concrete, On Site, Private
Property / Structure Info
  • Builders Tract Name: Carlsbad West
  • Builders Tract Code: Carlsbad West
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Number With Disposal: 4

Property History for 3480 Garfield Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3480 Garfield Street

Taxable ValueLand$1,571,043Additions$277,241Total$1,848,284
Tax Record2023$20,004 ($1,667 / month)
Home Facts
Total Finished SqFt4,272 SqFtAbove Grade Finished SqFt4,272 SqFtLot Size5,482 SqFtStyleMulti-Family Dwelling (2-4)Year Built1964ZoningR-3:RESTRICTECountySAN DIEGOAPN204-150-27-00

Schools near 3480 Garfield Street

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
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.

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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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Pacific Sotheby's Int'l Realty, Doug Echelberger, DRE #01176379

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