Carlsbad CA Real Estate & Commercial for Sale

The Beach Palms Carlsbad is a luxury vacation rental property. Currently operating and permitted as a vacation rental property, the potential buyer can continue to reap the increased revenue from vacation rental business, or convert back to long term luxury furnished apartments and or corporate rental. The owners completely renovated the interiors and common area with the latest luxurious amenities that guests come to expect. They also transformed the large courtyard into a tropical oasis where guests can go to unwind and relax, have a BBQ or spend time with friends and family. Located across the street from pristine Carlsbad Beach. Walking distance to fine dining, shopping, galleries and entertainment in Carlsbad Village. The property has two, 2-story low rise buildings that include a total of 8 units. The South building has six 2- bedroom units and the north building has one 1-bedroom unit and one 3-bedroom unit. A laundry room is located inside the courtyard, equipped with two complimentary washers/dryers and laundry detergent. No expense was spared on the total renovation of this property. It will be sold with all the furnishings and electronics.

The Property (3 contiguous parcels) is located in the heart of the historic Carlsbad Village and just three blocks to the Pacific Ocean makes this property a premier coastal site and presents the rare opportunity to own a legacy property on the market for the first time in 50 years. Currently comprised of three parcels with multiple separate, fully leased (month-to-month) buildings on nearly 2/3 acre just north of Carlsbad Village Drive and one block from the train station and the prominent Hwy 101. State Street is a central setting for the experiential coastal lifestyle; renowned restaurants, community living, and a bustling with a robust weekly Farmer’s Market featuring locally curated artisan vendors. A prime development opportunity, these parcels are in the Village Center zoning. A feasibility study has been completed evaluating a potential high-density mixed-use project comprised of 32 units in four stories and a maximum height of 45 feet. Surrounding new residential construction is listing units at over $2m. The City of Carlsbad has committed significant resources in the Village completing infrastructure and beautification projects - encouraging redevelopment efforts to revitalize the central neighborhood, while maintaining the historic coastal town charm. Carlsbad is a vibrant Southern California destination in North County San Diego with easy access to Orange County and Los Angeles. It features luxury homes, quaint neighborhoods, beautiful beaches, fantastic weather all year and is thriving with redevelopment and economic investment.

The subject property is located on the corner of Romeria Street & Gibraltar Street in Carlsbad, California. Lying just east of I-5 and north of Encinitas sits the affluent La Costa neighborhood. The property is roughly 2 miles from the renowned Omni La Costa Resort & Spa. The site offers countless nearby amenities including La Costa Town Square, Stagecoach Park, The Forum Carlsbad and more. The subject property currently has entitlements in place for two (2) four-story buildings containing twenty-three (23) apartments, seven (7) one-bedroom one-bathroom units and sixteen (16) . Each one-bedroom unit will be between 641-942 square feet and each three-bedroom unit will be between 1,661-2,036 square feet. Both buildings are a podium design with parking on the ground floor and three stories of living area above.