Contacts

Craig Stewart

ACRE Investment Real Estate Services

(760) 230-8014

Property Details

Property Type Multi-Family
Property Size 2,728 SF
Units 7
Lot Size 0.15 Acre
Property Tenancy Multi-Tenant
Year Built 1959
Year Renovated 2022
Date Updated Jan 25, 2024

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.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.

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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

Getting around

49/100
Walk Score ®
28/100
Transit Score ®
52/100
Bike Score ®

Powered by Walk Score ®

City Carlsbad, CA
Neighborhood North Beach
Zip Code 92008
Market San Diego

Points of Interest

Carlsbad Village

0.75 miles
Coast Highway

2.51 miles
Crouch Street

3.07 miles
Carlsbad Poinsettia

3.28 miles
Oceanside

3.37 miles
El Camino Real

3.52 miles
Rancho Del Oro

4.11 miles
College Boulevard

5.05 miles
Vista Transit Center

6.92 miles
Civic Center–Vista

6.92 miles

Arco

0.53 miles
76

0.69 miles
Chevron

0.71 miles
Chevron

0.82 miles
7-Eleven

0.87 miles
Shell

0.96 miles
Westmart

1.44 miles
Circle K

1.90 miles
Bob's Gas

1.95 miles
Shell

2.23 miles

Tamarack State Beach Parking Lot

0.32 miles
East Grove Parking Lot

1.81 miles
Moreno St Park And Ride

1.86 miles
Hosp Grove Main Parking

1.86 miles
Turnarounds

2.12 miles
Hotel guest parking

2.78 miles
Employee parking

2.82 miles
Transit Center Parking

3.44 miles
Transit Lot

3.49 miles
Lower Loop Lot

3.52 miles

Best Western Plus Beach View Lodge

0.41 miles
SpringHill Suites by Marriott San Diego Carlsbad

0.46 miles
Beachwalk Villas

0.47 miles
Carlsbad Inn Beach Resort

0.51 miles
Ocean Villas

0.60 miles
Ocean Palms Beach Resort

0.62 miles
Days Inn by Wyndham Carlsbad

0.64 miles
Econo Lodge Inn and Suites Near Legoland

0.66 miles
Rodeway Inn

0.68 miles
Seashore on the Sand

0.71 miles

Vons

0.76 miles
Smart & Final

0.81 miles
Walmart Supercenter

2.12 miles
Sprouts Farmers Market

2.19 miles
Carlsbad Premium Outlets

2.24 miles
Stater Bros.

2.25 miles
Vons

2.33 miles
Ross

2.38 miles
Trader Joe's

2.47 miles
Target

2.51 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

141 Cherry Avenue