141-145 Cherry Ave, Carlsbad, CA 92008
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141-145 Cherry Ave,Carlsbad, CA 92008
$11,050,000
- - Beds
- - Baths
- 5,935 sq. ft.
- Multi-family
- Active
Listed by: craig stewart
Office: acre investment real estate
MLS#:230009615
Source:San Diego MLS via CRMLS
Price summary
- Price:$11,050,000
- Price per sq. ft.:$1,861.84
About this home
Cherry Apartments is located in the desirable beach community of Carlsbad, California. This 13 unit apartment investment was built in 1959 and consists of 11 one bedroom/one bath units, 1 two bedroom/one bath house, and 1 non-conforming studio. 00 These units are located on two adjoining parcels, APN 204-232-15-00 and APN 204-232-16-00. The property amenities include off-street parking, lush tropical landscaping, and small yards/patios in select units, balconies, and on-site laundry. The interiors feature gas appliances and dual pane windows. There are storage closets in the carport area, and ocean views from some of the units. The property has been well maintained and professionally managed and shows a true pride of ownership. The property’s proximity to the ocean is a great draw for potential renters and results in premium rental rates for each unit. The location of the property is less than 1/2 a block from one of the most desirable beaches in Southern California. It is also a short distance to restaurants, premier shopping malls, and major employers. The Cherry Apartments is a rare investment asset that will provide future appreciation opportunity and steady cash ?ow for years to come. There are several opportunities for an investor looking to add value: * Remodel and update the interiors of the units and raise rents by $300/$400 per unit. * Remodel the units in rent some or all as short-term vacation rentals. * Scrape the existing structures and build 4-8 multi-million dollar townhomes * Leave as is and enjoy future appreciation due to proximity to the
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Home facts
- Listing ID #:230009615
- Added:112 day(s) ago
- Updated:November 14, 2025 at 10:28 PM
Rooms and interior
- Living area:5,935 sq. ft.
Heating and cooling
- Heating:Wall
Structure and exterior
- Roof:Composition, Tar & Gravel
- Building area:5,935 sq. ft.
Finances and disclosures
- Price:$11,050,000
- Price per sq. ft.:$1,861.84
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS®, Inc.New listings near 141-145 Cherry Ave
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