Located just two blocks from the beach in the prime Terramar neighborhood of Carlsbad. Capitalize on high rental demand and immediate cash flow with this 2025 multi-family investment, situated steps from the Carlsbad coast. Designed to optimize income, the compound features three distinct revenue generating units led by a luxury 5 bedroom main home, which currently performing successfully as an Airbnb. The main home is complete with high-end architectural finishes, a stylish wet bar, and a rooftop deck with sweeping ocean views highlighted by 10 foot ceilings, a floating LED staircase, seamless indoor-outdoor LaCantina doors, and an ocean view rooftop deck with a hot tub and outdoor kitchen. Two fully occupied residential units round out the portfolio. A detached 3 bedroom, 2 bath ADU with private front and rear yards, alongside a spacious 1 bedroom Jr. ADU with its own outdoor space. With immediate revenue in place and flexible lease structures, this exceptional turn-key asset provides an ideal destination for your next 1031 exchange.
5091 El Arbol Drive: Sold $2,758,247 · 4 bd · 3 ba · 1,866 sqft · Aug 2026 · 0.1 mi Link Brokerages, Inc. | DRE #01998822 Buyer's agent: Jordan Beal, Compass | DRE #01928849
5120 El Arbol Drive: Sold $1,958,000 · 3 bd · 2 ba · 2,128 sqft · Jul 2026 · 0.1 mi Compass | DRE #01468953 Buyer's agent: Paul Fan, Willis Allen Real Estate | DRE #01367484
5067 Shore Drive: Sold $13,750,000 · 4 bd · 4 ba · 5,215 sqft · Jul 2026 · 0.1 mi Pacific Sotheby's Int'l Realty | DRE #00751535 Buyer's agent: Daniel Greer, Del Mar Mesa Realty | DRE #01188206
817 Kalpati Cir 310: Sold $1,140,000 · 2 bd · 2 ba · 1,660 sqft · Aug 2026 · 1.1 mi Compass | DRE #02177949 Buyer's agent: Susan Adams, Coldwell Banker West | DRE #01994357
823 Kalpati Circle 101: Sold $940,000 · 2 bd · 3 ba · 1,704 sqft · Jul 2026 · 1.1 mi Three Lagoons Realty | DRE #01735296 Buyer's agent: Megan Schenck, Three Lagoons Realty | DRE #01735296
809 Kalpati 321: Sold $1,050,000 · 2 bd · 2 ba · 1,460 sqft · Aug 2026 · 1.1 mi HomeSmart Realty West | DRE #01494668 Buyer's agent: Sarah Silipo, eXp Realty of California, Inc. | DRE #02386384
4747 Bryce Circle: Sold $1,684,000 · 3 bd · 3 ba · 2,286 sqft · Jul 2026 · 1.1 mi Wisdom Properties | DRE #01375390 Buyer's agent: Bryce Gharring, Coldwell Banker Realty | DRE #01772770
4570 Cove Dr A: Sold $640,000 · 1 bd · 1 ba · 728 sqft · Aug 2026 · 1.1 mi Laguna Premier Realty Inc. | DRE #01386605 Buyer's agent: Sara Adra, Exit Alliance Realty | DRE #02237692