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141 Cherry Avenue

$4,000,000

141 Cherry Avenue, Carlsbad, CA 92008

Active
Last Updated: 07/23/2025

2.83

Cap Rate

113,278.4

NOI

Details:
Cap Rate:    2.83%
NOI:    $113,278.40
Building Size:    2,728 sqft
Lot Area:    0.1464 acres
Occupancy:    100%
Units:    7
Year Built:    1959
Floors:    2
Highlights:
  • Ocean Views from Select Units
  • Amazing Location - Less than 1/2 Block to the Beach
  • Two Units Have Yards & Patios
  • Perfect Candidate for Conversion to Vacation Rentals
  • No Deferred Maintenance
  • Under-Market Rents - Room for Revenue Growth
Description:

ACRE Investment Real Estate Services is proud to present the Cherry
Apartments located in the desirable beach community of Carlsbad,
California. This 7 unit apartment investment was built in 1959 and
consists of 6 one bedroom, one bathroom units and 1 non-conforming studio.
The property amenities include off-street parking, lush tropical
landscaping, and small yards/patios in select units, balconies, and storage units. 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 flow for years to come.

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.

Map:
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Today's Available Mortgage Rates

141 Cherry Avenue, Carlsbad, California 92008

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 07/25/2025
BankLender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$7,446 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 29% LTV $0 Lender fees
Loan Amount $1,160,000 Loan Amount
AgencyLender #592
7 Year Fixed
30 Year Amortization
Interest rate 5.97% 7 Year Fixed
Mo. Payment$5,976 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 25% LTV $10,000 Lender fees
Loan Amount $1,000,000 Loan Amount
AgencyLender #592
10 Year Fixed
30 Year Amortization
Interest rate 6.06% 10 Year Fixed
Mo. Payment$6,034 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 25% LTV $10,000 Lender fees
Loan Amount $1,000,000 Loan Amount
Largest Commercial Real Estate Lending
Location
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