975 Dr, Carlsbad, CA 92008
Commercial property
Sold November 2024
Listing Agent: Angelo La Bruna (DRE #01991625) · Listing Office: Apartment Realty Group (ARG) · Contact: 619-222-9500 · Bought with: Angelo La Bruna · Apartment Realty Group (ARG) · MLS #240011904SD · Source: CRMLS
How this sale compares
975 Dr sold for $8,700,000 in November 2024, 5.9% under its $9,250,000 list price, after 23 days on the market.
Figures are MLS-reported closed sales (CRMLS). Nalren does not estimate values.
Description
Rare west of I-5 value-add coastal multifamily opportunity with 35% rental upside. Located in the sought-after Carlsbad Village this property consists of thirteen (13) 2Bedroom/1Bathroom Units; six (6) 1Bedroom/1Bathroom Units; and one (1) 2Bedroom/2Bathroom unit and is situated on a 26,572 sq ft lot. Downstairs units have private yards and patios with select units offering interior access to garages. In addition, amenities include onsite laundry and ample parking with twenty (20) garages and two (2) off-street parking spaces. The property offers upside in rents through a full reposition, as well as ADU potential through garage conversions. This sizable and coastal value-add property is the perfect blend of value, scale and location.
Listing description from the November 2024 sale, as reported to CRMLS.
Sale history