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$ 3,695,000
Est. payment | /mo
8,952 SqFt
$ 3,695,000
Est. payment | /mo
8,952 SqFt
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Pending
Purchase Type For Sale
Square Footage 8,952 sqft
Price per Sqft $412
MLS Listing ID 260002549
Lot Size 0.791 Acres
Property Sub-Type Com-Res Income
Property Description
Bluwater Crossing Apartments offers a rare opportunity to acquire a fully stabilized, move-in ready 12-unit multifamily asset in a true A-location in coastal South Carlsbad. Built in 2009, short distance to the beach and adjacent to the Carlsbad Poinsettia Coaster Station, the property operates at 100% historical occupancy with rent-restricted units, providing predictable, durable cash flow and minimal operational risk. Consists of twelve (12) large loft-style studio apartments averaging approximately 820 SF. Units feature quality finishes including granite countertops, modern kitchen appliances with built-in microwaves and dishwashers, in-unit washers and dryers, central A/C, spacious walk-in closets, and select balconies with ocean views. Tenants enjoy secure underground parking, elevators, and well-maintained community spaces. The apartments participate in the City of Carlsbad's 55-year affordable housing program resulting in strong demand and a consistent waitlist. Ideally suited for long-term hold or 1031 exchange investors seeking stability, coastal location-driven appreciation, and capital preservation rather than speculative value-add execution. The residential component is addressed as 6797 Embarcadero Ln (tax records reflect 6801 Embarcadero Ln, APN 214-650-01-02). Property is part of a mixed-use parcel shared with a Montessori school occupying the first level. School is separately owned/occupied and not included in the offering. Offering includes only the 12 residential apartment units located on levels 2 and 3. Call for OM
Location
State CA
County San Diego
Community Elevator
Area Coastal North
Zoning R-3:RESTRI
Interior
Cooling Central Forced Air Elec
Fireplace No
Exterior
Parking Features Underground
View Y/N No
Total Parking Spaces 18
Building
Dwelling Type Apartment
Story 2
Others
Senior Community No
Tax ID 214-650-01-02
Virtual Tour https://www.propertypanorama.com/instaview/snd/260002549
Listed by Jeffrey J Toth, DRE#01969791 Luxeally Real Estate
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