141 Cherry Avenue

141 Cherry Avenue, Carlsbad, CA 92008

  • For Sale $5,100,000
  • 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

Contacts

broker

Craig Stewart

ACRE Investment Real Estate Services

(760) 230-8014

Location

Getting Around

  • Walk Score ®

    49/100 Car-Dependent

  • Transit Score ®

    28/100 Some Transit

  • Bike Score ®

    52/100 Bikeable
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

  • Harbor Fish Cafe

    0.43 miles

  • Board & Brew

    0.47 miles

  • Park 101

    0.55 miles

  • Norte Mexican Food & Cocktails

    0.55 miles

  • Cessys Taco Shop

    0.56 miles

  • Linda's Yogurt & Deli

    0.56 miles

  • Jay's Gourmet

    0.59 miles

  • Knockout Burgers

    0.61 miles

  • Las Olas

    0.63 miles

  • Knockout Pizzaria

    0.63 miles

  • Jefferson Elementary School

    0.41 miles

  • La Palma High School

    0.51 miles

  • Pine Elementary School

    0.60 miles

  • Saint Patricks School

    0.66 miles

  • Army and Navy Academy

    0.97 miles

  • Valley Middle School

    1.17 miles

  • Carlsbad Village Academy

    1.28 miles

  • Magnolia Elementary School

    1.29 miles

  • Carlsbad High School

    1.35 miles

  • Buena Vista Elementary School

    1.36 miles

  • La Costa Valley Preschool & Kindergarten

    7.43 miles

  • Christ Presbyterian Preschool

    7.94 miles

  • Encinitas Country Day School

    9.92 miles

Frequently Asked Questions

What is the lease rate for 141 Cherry Avenue?

Rental asking rate at 141 Cherry Avenue is $2,550,000.00/YR.

What is the total square footage of 141 Cherry Avenue?

141 Cherry Avenue totals 2,728 square feet.

When was this property built?

141 Cherry Avenue was built in 1959.

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Contact Listing Broker

broker

Craig Stewart

ACRE Investment Real Estate Services

(760) 230-8014