The Breeze Apartments - Carlsbad Village | 3366 Roosevelt St
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The Breeze Apartments - Carlsbad Village 3366 Roosevelt St
10 Unit Apartment Building $5,969,890 CAD ($596,989 CAD/Unit) 4.22% Cap Rate Carlsbad, CA 92008
Investment Highlights
- Fantastic Carlsbad Village Location
- Coastal Legacy Asset with Low Maintenance
- A Few Blocks to the Carlsbad Village Shops & Restaurants
- 4.22% CAP on actuals w/ 24% Upside in Rent (5.60% on Proforma)
- Onsite Laundry, Common Lounge/BBQ Area, & (11) Off-Street Parking Spots
- Walking Distance to the Sand
Executive Summary
Extremely well-located, value-add complex in Carlsbad Village. Priced at a 4.22% CAP on actuals with 24% upside in rents, The Breeze Apartments consists of ten (10) 1Bedroom / 1Bathroom single-level apartment homes and sits on a 9,145 sf parcel. Property amenities include a common lounge/BBQ area, laundry facility, and eleven (11) off-street surface parking spots.
The property offers an investor upside in rents (5.60% Proforma CAP) in one of San Diego’s most sought after Coastal North County Markets. Located West of I-5, the property is a few blocks to the Carlsbad Village Shops and Restaurants, and walking distance from the sand.
The property offers an investor upside in rents (5.60% Proforma CAP) in one of San Diego’s most sought after Coastal North County Markets. Located West of I-5, the property is a few blocks to the Carlsbad Village Shops and Restaurants, and walking distance from the sand.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,969,890 CAD | Apartment Style | Low Rise |
| Price Per Unit | $596,989 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 4.22% | Building Size | 4,944 SF |
| Gross Rent Multiplier | 16.17 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 2.02/1,000 SF |
| Price | $5,969,890 CAD |
| Price Per Unit | $596,989 CAD |
| Sale Type | Investment |
| Cap Rate | 4.22% |
| Gross Rent Multiplier | 16.17 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,944 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 2.02/1,000 SF |
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $3,048 CAD | 494 |
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Walk Score ®
Very Walkable (87)
Bike Score ®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 204-092-24 | Improvements Assessment | $1,199,382 CAD (2024) |
| Land Assessment | $4,656,424 CAD (2024) | Total Assessment | $5,855,805 CAD (2024) |
PROPERTY TAXES
Parcel Number
204-092-24
Land Assessment
$4,656,424 CAD (2024)
Improvements Assessment
$1,199,382 CAD (2024)
Total Assessment
$5,855,805 CAD (2024)
zoning
| Zoning Code | VB |
| VB |
-
Angelo La Bruna -
Apartment Realty Group (ARG)
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The Breeze Apartments - Carlsbad Village | 3366 Roosevelt St
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