141-155 Cherry Avenue, Carlsbad, California


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About 141-155 Cherry Avenue

Cherry Apartments is located in the desirable beach community of Carlsbad, California. This 17-unit apartment investment was built in 1959 and consists of 14 one-bedroom/one-bath units, 1 two-bedroom/one-bath house, and 2 non-conforming studios. These units are located on three adjoining parcels. The property amenities include off-street parking, lush tropical landscaping, small yards/patios in select units, balconies, and on-site laundry. The interiors feature gas appliances and dual-pane windows. There are storage closets in the carport area and ocean views from some of the units. The property has been well maintained and professionally managed and shows a true pride of ownership. The property’s proximity to the ocean is a great draw for potential renters and results in premium rental rates for each unit. The location of the property is less than 1/2 a block from one of the most desirable beaches in Southern California. It is also a short distance to restaurants, premier shopping malls, and major employers. The Cherry Apartments is a rare investment asset that will provide future appreciation opportunities and steady cash flow for years to come. There are several opportunities for an investor looking to add value: * Remodel and update the interiors of the units and raise rents by $300/$400 per unit. * Remodel the units in rent some or all as short-term vacation rentals. * Scrape the existing structures and build 8 multi-million dollar townhomes * Leave as is and enjoy future appreciation due to the proximity to the beach.

Features of 141-155 Cherry Avenue

MLS® # 230019590
Price $13,550,000
Acres 0.34
Type Commercial
Sub-Type Com-Res Income

Community Information

Address 141-155 Cherry Avenue
Area CARLSBAD (92008)
City Carlsbad
County San Diego
State California
Zip Code 92008


Amenities None
Parking Spaces 20
Parking Carports, Garages, Spaces


Heating Wall
Cooling None
# of Stories 2
Stories 2 Story


Exterior All Auto Sprinklers, Block Fence, Cable Available, Fully Landscaped, Wood Fence
Roof Composition, Tar & Gravel
Construction Frame, Lath/Plaster, Stucco

Additional Information

Date Listed October 4th, 2023
Days on Market 30
Zoning R-3
Short Sale No

Listing Details

OfficeAcre Investment Real Estate

Listing Map

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