The Beach Palms

150 Walnut Avenue, Carlsbad, CA

$6,950,000

Price

4.07%

Cap Rate

$283,152

NOI

Overview
Cap Rate
4.07%
NOI
$283,152
Building Size
6,386 sqft
Lot Area
0.2989 acres
Occupancy
90%
Units
8
Year Built
1959
Floors
2
Description

ACRE Investment Real Estate Services is proud to present The Beach Palms rental property. Currently operating and permitted as a vacation rental property, the potential buyer can continue to reap the increased revenue from vacation rental business, or convert back to a high-end month-to-month rental property.

The owners modernized the interiors and common area with the latest luxurious amenities that guests come to expect. They also transformed the large courtyard into a tropical oasis where guests can go to unwind and relax, have a BBQ or spend time with friends and family.

Located across the street from pristine Carlsbad Beach. Walking distance to fine dinning, shopping, galleries and entertainment in Carlsbad Village. The property has two, 2-story low rise buildings, that include a total of 8 units. The South building has Six 2- bedroom units and the north building has one 1-bedroom unit and one 3-bedroom unit. A laundry room is located inside the courtyard, equipped with two complimentary, washers/dryers and laundry detergent.

No expense was spared on the total renovation of this property. It will be sold with all the furnishings and electronics.

The Beach Palms is located just a block from downtown Carlsbad Village, and only steps to the sandy beach/beach access. Walk to local village boutiques, cafes, restaurants, and the train station.

For the convenience and enjoyment of the guests/tenants, they provide a beach wagon, beach chairs, beach umbrellas, beach toys, and bodyboards. Guests/Tenants enjoy the beach life and the charm of Carlsbad at a great location that cannot beat.


Location
Gallery