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Multifamily

2633 Ocean St

2633 Ocean St, Carlsbad, CA 92008

Listing Price: $6,000,000

Cap Rate
2.99%
Number of Units
6
Price/Unit
$1,000,000
Price/Gross SF
$1,609.87
Gross SF
3,727

Investment Overview

The Bove Group is pleased to present 2633 Ocean Street, Carlsbad, California 92008, the only property on the sand currently available for sale in San Diego. This is a trophy location in the European inspired Carlsbad Village. Across the street from the Army Navy Academy, this property sits on a quiet street with access to San Diego’s cleanest and best maintained beach. Carlsbad is known for its downtown district “The Village” where shoppers, tourists, and businesses thrive. This is a generational piece of real estate that is pride of ownership location. This quaint beach city demands some of the highest rents in the nation and new businesses and restaurants are being developed constantly. There is only upward rent growth to be seen from here. With an in?ux of work-from-home business professionals and executives, Carlsbad has become one of the most sought-after places to live for high income earners. This property has the potential to be one of southern California’s most coveted buildings. This deal is best suited for someone who is willing to do the work to bring out its true potential. Because this building was built in 1960 it should be modernized to take full advantage of the view and beach access. Available with the sale is a paved but vacant parcel adjacent to the building on Ocean St. The lot is currently being used as parking for tenants.

Investment Highlights

  • Six (6) unit value add multifamily investment opportunity in Carlsbad
  • Oceanfront with private beach
  • Walking distance to Carlsbad Village, popular parks, restaurants, activities

Exclusively Listed By

  • Aaron Bove

    Senior Vice President Investments

    (858) 373-3237

    Email Aaron

    License(s): CA: 01318320

    San Diego

  • CJ Ferns

    Associate

    Email CJ

    License(s): CA: 02087699

    San Diego

Multifamily

2633 Ocean St

Listing Price: $6,000,000

Cap Rate
2.99%
Number of Units
6
Price/Unit
$1,000,000
Price/Gross SF
$1,609.87
Gross SF
3,727

Investment Highlights

  • Six (6) unit value add multifamily investment opportunity in Carlsbad
  • Oceanfront with private beach
  • Walking distance to Carlsbad Village, popular parks, restaurants, activities

Investment Overview

The Bove Group is pleased to present 2633 Ocean Street, Carlsbad, California 92008, the only property on the sand currently available for sale in San Diego. This is a trophy location in the European inspired Carlsbad Village. Across the street from the Army Navy Academy, this property sits on a quiet street with access to San Diego’s cleanest and best maintained beach. Carlsbad is known for its downtown district “The Village” where shoppers, tourists, and businesses thrive. This is a generational piece of real estate that is pride of ownership location. This quaint beach city demands some of the highest rents in the nation and new businesses and restaurants are being developed constantly. There is only upward rent growth to be seen from here. With an in?ux of work-from-home business professionals and executives, Carlsbad has become one of the most sought-after places to live for high income earners. This property has the potential to be one of southern California’s most coveted buildings. This deal is best suited for someone who is willing to do the work to bring out its true potential. Because this building was built in 1960 it should be modernized to take full advantage of the view and beach access. Available with the sale is a paved but vacant parcel adjacent to the building on Ocean St. The lot is currently being used as parking for tenants.

Exclusively Listed By

  • Aaron Bove

    Senior Vice President Investments

    (858) 373-3237

    Email Aaron

    License(s): CA: 01318320

    San Diego

  • CJ Ferns

    Associate

    Email CJ

    License(s): CA: 02087699

    San Diego

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