Sold

945 Pine Ave

Carlsbad CA, 92008

$9,300,000


Sold

Commercial

Listed by Philip Buckley with CBRE 858-546-4600

Tranquilla Apartments are a newly renovated 20-unit residential community perfectly appointed to attract the highest quality tenants in the market. The comprehensive renovation completed in 2022 includes building exterior, interior, and major systems. Unit interiors feature state of the art kitchens with wood shaker cabinets, quartz countertops, high end matte black fixtures, and 5-piece stainless steel appliance packages with LG washer/dryers, dishwasher, refrigerator, gas range and microwave. The units are also appointed with new wood vinyl plank flooring, A/C's (12,000 BTU's), modern ceiling fans, pocket doors and bathrooms with tile shower enclosure and vanities matching the modern decor of the kitchens. Exterior renovations include new roofs, windows, rain gutters, exterior paint, plumbing and electrical. The plumbing work includes all new supply lines from the street water meter and lateral drain lines from the slab up. The electrical improvements include wiring throughout the units and a power upgrade from 200 amps to 400 amps with all new meters from SDG&E. Originally built in 1962 (Renovated 2022), the property features four single-story buildings sprawled out over an expansive 33,977 SF lot with abundant off-street parking to create the ideal living environment. The unit mix consists of 18 spacious open concept one-bedroom units each measuring 590 SF and two studio units measuring 384 SF. *Studios are fully renovated and expected to be completed in next 45 days. *SEE OFFERING MEMORANDUM IN DOCUMENTS* See complete Offering Memorandum in Documents.

220017230SD

MLS ID

July 6, 2022

Listed

March 23, 2024

Updated

Map

945 Pine Ave
Carlsbad CA, 92008

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.78 Acres

Other Property Details

Area Name

92008 - Carlsbad


Days on Market

36


Garage

No


Parking Total

24


View

No


County

San Diego


Pool

No


Buyer Agency Compensation

1%

Listing History

Date

Event

Price

5/30/2023

Price Change

$9,300,000

-3%

5/30/2023

Sold

$9,300,000

Listing Contact: 858-546-4600 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:17 AM UTC

 

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