The Beach Palms Carlsbad | 150 Walnut Ave
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The Beach Palms Carlsbad 150 Walnut Ave
8 Unit Apartment Building $9,950,000 ($1,243,750/Unit) 4.56% Cap Rate Carlsbad, CA 92008
Investment Highlights
- Situated across the street from the pristine Carlsbad Beach, this property offers unparalleled access to the sun, sand, and surf.
- Operating as a luxurious vacation rental property.
- Within walking distance to the vibrant Carlsbad Village.
- Two low-rise buildings with a diverse unit mix. Separated by a expansive courtyard.
Executive Summary
The Beach Palms Carlsbad—a luxurious vacation rental property. Currently in operation and permitted for vacation rentals.
Nestled just opposite the pristine Carlsbad Beach, this prime location is a leisurely stroll away from Carlsbad Village’s vibrant scene, boasting fine dining, shopping, galleries, and entertainment. Comprising two low-rise buildings—each spanning two stories—the South building comprises six 2-bedroom units, while the North building offers a 1-bedroom unit and a 3-bedroom unit. Additionally, a convenient laundry room with complimentary washers, dryers, and detergent is centrally located within the courtyard.
The owners have undertaken a comprehensive renovation, outfitting the interiors and common areas with top-of-the-line amenities that cater to guests’ expectations of luxury. They’ve also reimagined the expansive courtyard into a tropical sanctuary, providing guests with a space to unwind, enjoy barbecues, and spend quality time with loved ones.
Nestled just opposite the pristine Carlsbad Beach, this prime location is a leisurely stroll away from Carlsbad Village’s vibrant scene, boasting fine dining, shopping, galleries, and entertainment. Comprising two low-rise buildings—each spanning two stories—the South building comprises six 2-bedroom units, while the North building offers a 1-bedroom unit and a 3-bedroom unit. Additionally, a convenient laundry room with complimentary washers, dryers, and detergent is centrally located within the courtyard.
The owners have undertaken a comprehensive renovation, outfitting the interiors and common areas with top-of-the-line amenities that cater to guests’ expectations of luxury. They’ve also reimagined the expansive courtyard into a tropical sanctuary, providing guests with a space to unwind, enjoy barbecues, and spend quality time with loved ones.
Property Facts
| Price | $9,950,000 | Apartment Style | Garden |
| Price Per Unit | $1,243,750 | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 6,386 SF |
| Cap Rate | 4.56% | Average Occupancy | 90% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1959/2016 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Price | $9,950,000 |
| Price Per Unit | $1,243,750 |
| Sale Type | Investment |
| Cap Rate | 4.56% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.30 AC |
| Building Size | 6,386 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1959/2016 |
| Parking Ratio | 1.25/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Wi-Fi
- Yard
- Grill
- Breakfast Nook
- Deck
- Double Pane Windows
- Family Room
- Patio
- Workshop
Site Amenities
- Courtyard
- Furnished Units Available
- Laundry Service
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 550 |
| 2+2 | 6 | - | 814 |
| 3+2 | 1 | - | 950 |
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Walk Score ®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 204-123-08 | Improvements Assessment | $615,709 |
| Land Assessment | $1,416,136 | Total Assessment | $2,031,845 |
PROPERTY TAXES
Parcel Number
204-123-08
Land Assessment
$1,416,136
Improvements Assessment
$615,709
Total Assessment
$2,031,845
zoning
| Zoning Code | R-4 |
| R-4 |
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The Beach Palms Carlsbad | 150 Walnut Ave
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