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Neel Pujara Sells Multifamily Property At 975 Laguna Drive In Carlsbad For $9.55M

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SOLD
$9,550,000

California

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MultiFamily16,891 SF
Sold 10/10/2025
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Property Image
SOLD

Neel Pujara Sells Multifamily Property At 975 Laguna Drive In Carlsbad For $9.55M

975 Laguna Drive

See Similar Deals
MultiFamily16,891 SF
Sold 10/10/2025
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$565
Total Square Footage:16,891 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 975 Laguna Drive, Carlsbad. The sale was finalized for a total amount of $9,550,000, which corresponds to 20 units, with a price per unit of $477,500 and a total square footage of 16,891, resulting in a price per square foot of $565.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $9,550,000
  • Units: 20
  • Price Per Unit: $477,500
  • Square Footage: 16,891
  • Price Per Square Foot: $565
  • Seller: Neel Pujara
  • Seller's Representative: Angelo La Bruna & James V. Carter - Apartment Realty Group (ARG)

The transaction was executed by Neel Pujara as the seller, with representation from brokers Angelo La Bruna and James V. Carter, who are associated with Apartment Realty Group (ARG). This collaboration highlights the involvement of experienced professionals in the multifamily real estate sector, facilitating a successful transaction.

Players

Angelo La Bruna
14 deals$88.6M volume
BROKER

James V. Carter
Apartment Realty Group (ARG)
12 deals$60M volume(619) 784-1031
BROKER

Apartment Realty Group (ARG)
BROKERAGE

Details

SOLD
IMAGE: Neel Pujara, Angelo La Bruna & James V. Carter DATE: 10/10/2025 ADDRESS: 975 Laguna Drive MARKET: Carlsbad ASSET TYPE: Multifamily SELLER: Neel Pujara (@Nrp500) SELLER'S REP: Angelo La Bruna (@Angelo_La_Bruna) & James V. Carter (@JamesvCarter) - Apartment Realty Group (ARG) (@ApartmentRealty) SALE PRICE: $9,550,000 UNITS: 20 ~ PPU: $477,500 SF: 16,891 ~ PPSF: $565 .Carter

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$509,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$33,929.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,271.87
Annual Debt Service$543,262.47