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Harry Joseph

Harry Joseph
Berkshire Hathaway HomeServices California Properties
Carlsbad, CA 92011

760-815-0420
Contact Me
CalBRE: 00978189

Contact Me





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Listing 4 out of 268
$3,500,000 For Sale

3143 Madison St
Carlsbad, CA 92008

4 units | Multi Family 2-4
6970 sq ft lot - MLS# 190034594
Property Photo
1/25

Description

VRP $3200,000-$3,500,000. A Multi-Unit Offering. Affectionately named after its creator; Village Greene is a boutique crafted labour-of-love. Holding true to Coastal Carlsbad's inviting atmosphere, each of its dwellings have been constructed on three simple principals: Individuality-Quality-Privacy. Offering a 4bd 2ba, single level 3bd 2ba, and two- 2bd 1ba residence. Parking for up to 9 cars, communal gathering areas, spa, and decks, ensure coveted tranquility to perspective tenants. See Supplement..., Village Greene is unique in design by offering residents the truest form of multiple unit living. Actual square footage via professional mapping reflects a total of 6034 square feet. Numerous unit combinations with minor interior wall adjustments make Village Greene not only an attractive investment property, but a viable candidate for a large family compound. For many years, the current owners have enjoyed cost-free occupancy of the front home while realizing net profits from the rental income. Investing buyers will delight in nominal maintenance costs, forecasted appreciation with many surrounding development projects underway, and rental income diversity. Both longterm tenancy and vacation rental income can be assigned concurrently to maximize seasonal opportunities. Appointed as 5 distinct homes, Residences 1 and 5 are easily combined to make 4 total units, inviting attractive residential financing options. Both residence 1 and 4 come with in-unit laundry, and garage parking. Communal areas include bbq and gathering areas, a 2nd level atrium deck, spa, sun deck and grass area. Parking for up to 9 cars within property lines ensure a coveted perk to perspective occupants. Solar panels supply the front house which comes equipped with its own sauna. This property has to be seen to truly appreciate all of its offerings and build quality. The thoughtful construction, layout and execution is second-to-none. Carlsbad Village offers a thriving and diverse selection of entertainment, dining, nightlife and live music. Carlsbad West is also consistently rated as one of the best beach communities in the country and Village Greene is Coastal Carlsbad at its finest.

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: 2004
  • Subdivision/Neighborhood: Carlsbad Village
  • Units: 4 units
  • Lot Size: 6970 sq ft lot
  • Pool or Spa: Community/Common
  • Zoning: R-2:MINOR
  • # Units w/Dishwashers: 4
  • # of Buildings: 1
  • # of Furnished Units: 1
  • # of Units w/Dryers: 2
  • # of Units w/Fireplaces: 1
  • # of Units w/Garage: 2
  • # of Units w/Patios: 4
  • # of Units w/Range/Oven: 4
  • # of Units w/Refrigerator: 4
  • # of Units w/Washers: 2
  • 3D URL: https://my.matterport.com/show/?m=UhgrYGZ8nTu&brand=0
  • Annual Expense Actual: 10000
  • Annual Expense Projected: 10000
  • Cap Rate Actual: 2.8
  • Cap Rate Projected: 5
  • Community: Carlsbad West
  • Complex Features: BBQ, Laundry Facilities, Spa/Hot Tub
  • Complex/Park: Village Greene
  • Fencing: Partial
  • Gross Rent Multiplier Act: 4
  • Gross Rnt Multiplier Proj: 5
  • Gross Sched Income Actual: 12775
  • Gross Sched Income Proj.: 14200
  • Heat Source: Natural Gas
  • Listing Area: CARLSBAD (92008)
  • Lot Size Area: 4, 000-7, 499 SF
  • Lot SqFt: 7060
  • Net Oper.Income Projected: 160400
  • Parking for RV: Garage
  • Roof: Composition
  • Siding: Stucco
  • Tenant Pays: Water, Gas/Propane
  • Terms: Cash, Conventional, Seller May Carry
  • Unit # for Unit 1: 1
  • Unit # for Unit 2: 2
  • Unit # for Unit 3: 3
  • Unit # for Unit 4: 4
  • Unit 1 # Bedrooms: 3
  • Unit 1 # Total Baths: 2
  • Unit 1 # of Full Baths: 2
  • Unit 1 Estimated SqFt: 1670
  • Unit 1 Exclusive Use Yard: Yes
  • Unit 1 Laundry Hook Ups: Yes
  • Unit 1 Prkng Garage Space: 2
  • Unit 1 Projected Rent: 4400
  • Unit 1 Rent Actual: 3600
  • Unit 2 # Bedrooms: 2
  • Unit 2 # Total Baths: 1
  • Unit 2 # of Full Baths: 1
  • Unit 2 Deposit: 2400
  • Unit 2 Estimated SqFt: 1025
  • Unit 2 Laundry Hook Ups: Common
  • Unit 2 Projected Rent: 3100
  • Unit 2 Rent Actual: 2500
  • Unit 3 # Bedrooms: 2
  • Unit 3 # Total Baths: 1
  • Unit 3 # of Full Baths: 1
  • Unit 3 Deposit: 2000
  • Unit 3 Estimated SqFt: 780
  • Unit 3 Laundry Hook Ups: Common
  • Unit 3 Projected Rent: 2700
  • Unit 3 Rent Actual: 2000
  • Unit 4 # Bedrooms: 4
  • Unit 4 # Total Baths: 2
  • Unit 4 # of Full Baths: 2
  • Unit 4 Deposit: 3000
  • Unit 4 Estimated SqFt: 1800
  • Unit 4 Laundry Hook Ups: Yes
  • Unit 4 Prkng Garage Space: 2
  • Unit 4 Projected Rent: 4200
  • Unit 4 Rent Actual: 3275
  • Water Heater Type: Solar
Courtesy of Compass



Harry Joseph | 760-815-0420 | Contact Me
7030 Aveneda Encinas Suite 100 - Carlsbad, CA 92011
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