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Listing 5 out of 60
$1,800,000 For Sale

4560 Cove Dr.
Carlsbad, CA 92008

4 units | Multi Family 2-4 - MLS# 190013144
Property Photo
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Description

Bristol Cove fourplex offering prestigious lagoon location, desirable unit mix of two-bedroom townhome units with garages, and boat access to lagoon. Bristol Cove offers motor boating and jet ski access to Agua Hedionda Lagoon. Property includes 3 2 bed, 1.5 bath townhome units and 1 2 bed, 2 bath unit all with one-garage parking space. Surrounded by luxury properties. Current rents are low. Significant rent increase potential. Please drive by discreetly without disturbing the residents.

Features

  • Property Type: Multi Family 2-4
  • Sub Type: Multi Family 2-4
  • Listing Status: Active
  • County/Area: San Diego County
  • Zip Code: 92008
  • Year Built: 1982
  • Subdivision/Neighborhood: Bristol Cove
  • Units: 4 units
  • HOA Frequency: Monthly
  • # of Buildings: 1
  • # of Units w/Dryers: 3
  • # of Units w/Garage: 4
  • # of Units w/Patios: 2
  • # of Units w/Range/Oven: 4
  • # of Units w/Refrigerator: 4
  • # of Units w/Washers: 3
  • Additional Property Use: Grove
  • Annual Expense Actual: 32993
  • Boat Facilities: Yes
  • Cap Rate Actual: 3.2
  • Cap Rate Projected: 4.2
  • Community: Carlsbad West
  • Complex Features: RV/Boat Parking
  • Complex/Park: Bristol Cove
  • Fencing: Partial
  • Gross Rent Multiplier Act: 21
  • Gross Rnt Multiplier Proj: 17
  • Gross Sched Income Actual: 89400
  • Gross Sched Income Proj.: 109800
  • HOA Fees: $131
  • Home Owner Association: Bristol Cove
  • Home Owner Fee Reflects: Month
  • Home Owner Total Fees: 1572
  • Home Owners Fee Includes: Common Area Maintenance
  • Listing Area: CARLSBAD (92008)
  • Lot Size Area: 4, 000-7, 499 SF
  • Lot SqFt: 4890
  • Monthly Total Fees: 131
  • Net Oper.Income Projected: 76807
  • Parking Spaces Tot-Unit 1: 2
  • Parking Spaces Tot-Unit 2: 2
  • Parking Spaces Tot-Unit 3: 2
  • Parking Spaces Tot-Unit 4: 2
  • Roof: Rolled/Hot Mop
  • Siding: Stucco
  • Tenant Pays: Cable TV, Electricity, Gas/Propane
  • Terms: Assumable, Cash, Conventional
  • Unit # for Unit 1: A
  • Unit # for Unit 2: B
  • Unit # for Unit 3: C
  • Unit # for Unit 4: D
  • Unit 1 # Bedrooms: 2
  • Unit 1 # Total Baths: 2
  • Unit 1 # of Full Baths: 1
  • Unit 1 # of Half Baths: 1
  • Unit 1 Deposit: 1450
  • Unit 1 Estimated SqFt: 850
  • Unit 1 Laundry Hook Ups: Yes
  • Unit 1 Prkng Garage Space: 1
  • Unit 1 Projected Rent: 2250
  • Unit 1 Rent Actual: 1825
  • Unit 2 # Bedrooms: 2
  • Unit 2 # Total Baths: 2
  • Unit 2 # of Full Baths: 1
  • Unit 2 # of Half Baths: 1
  • Unit 2 Deposit: 1450
  • Unit 2 Estimated SqFt: 850
  • Unit 2 Laundry Hook Ups: Yes
  • Unit 2 Prkng Garage Space: 1
  • Unit 2 Projected Rent: 2250
  • Unit 2 Rent Actual: 1850
  • Unit 3 # Bedrooms: 2
  • Unit 3 # Total Baths: 2
  • Unit 3 # of Full Baths: 1
  • Unit 3 # of Half Baths: 1
  • Unit 3 Deposit: 1450
  • Unit 3 Estimated SqFt: 850
  • Unit 3 Laundry Hook Ups: Yes
  • Unit 3 Prkng Garage Space: 1
  • Unit 3 Projected Rent: 2250
  • Unit 3 Rent Actual: 1875
  • Unit 4 # Bedrooms: 2
  • Unit 4 # Total Baths: 2
  • Unit 4 # of Full Baths: 2
  • Unit 4 Deposit: 1500
  • Unit 4 Estimated SqFt: 850
  • Unit 4 Laundry Hook Ups: Yes
  • Unit 4 Prkng Garage Space: 1
  • Unit 4 Projected Rent: 2250
  • Unit 4 Rent Actual: 1900
Courtesy of Ray Adams Investment RE Inc

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