Eureka Place Apartments - Carlsbad CA

Listing was updated at: 04/23/2020
Property Overview
Price/Rent PSF $ 5,600,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 13,331
Date Available 07/10/2018
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The subject property is a coastal apartment property offering a stable operation, desirable unit mix of mostly two bedroom, two bath units with excellent cash flow potential. The property is located only 0.8 miles to the beach with easy access to shopping, restaurants, and entertainment in the Village of Carlsbad. Additionally, Holiday Park is just across the street offering picnic areas, playgrounds, volleyball court, horse shoe pits, and a large grass field. It is a great residential neighborhood for kids and is only a few blocks away from Carlsbad High School. Not only does this property offer tenants many close by amenities, it also offers investors excellent cash flow potential at market rental rates. Carlsbad Village is a quaint coastal community in North San Diego County. It was the first area to be settled in the Carlsbad area in the 1880s after Fraizier’s Mineral Well was established. This historic town has been well preserved by the community over the years, maintaining historic buildings such as the Old Santa Fe Depot & encouraging new developments to keep Old Victorian and Cape Cod style designs. This preservation is what makes the community unique among West Coast Beach communities. Today, Carlsbad Village features tree lined streets and sidewalks where vacationers and residents enjoy walking to all the local boutique shops, antique stores, restaurants, cafes, pubs, art galleries, and hotels.