945 Pine Ave Carlsbad, CA 92008 Sold on 11/07/2022

$9,300,000

$9,500,000 2.1%

0.78 Acres Lot

Key Details

Sold Price $9,300,0002.1%

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 220017230SD

Sold Date 11/07/22

HOA Y/N No

Lot Size 0.780 Acres

Property Sub-Type Mixed Use

Property Description

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 décor 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.


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