Beach Palms Carlsbad Luxury Vacation Rental at 150 Walnut Avenue
FOR SALE
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$9,950,000
150 Walnut Avenue, Carlsbad, CA 92008
6,124 SF
Square Feet
$1,625
PPSF
4.56%
CAP
Property Description
NOI
$454,021
Cap Rate
4.56%
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.
Property Details
Asset Type
MultiFamily
Year Built
1959
Lot Size
13,022 SF
Neighborhood
North Beach
Submarket
Carlsbad
ZIP
92008
Listing Type
sale
30 years
10 years
Net Operating Income (NOI)
$720,304
Debt Service Coverage Ratio (DSCR)
1.27x
Cap Rate
7.24%
Cash Flow (Annual)
$154,287
Cash-on-Cash Return
6.20%
Monthly Debt Service
$47,168
Annual Debt Service
$566,017
View on Map
Address
150 Walnut Avenue
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Carlsbad MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.