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Berkshire Hathaway HomeServices California Properties

141-145 Cherry Ave, Carlsbad, CA 92008

$11,050,000 Approx. USD 5,935 sqft

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Craig Stewart
Lic#: 01060001
Broker: Courtesy of Acre Investment Real Estate
Phone: 760-809-3626

Listing Details

Property type: Com-Res Income (Multi-Family)

Property Sub-Type:

Status: ACTIVE

Listing ID: 230009615

Price: $11,050,000

Rental Rate: $11,050,000

Lot Size:

5,935 sqft

0.29 acres

County: San Diego

Zoning: R-4

Parking type: Carports

Construction: All Auto Sprinklers,Block Fence,Cable Available,Fully Landscaped,Wood Fence,Wood Deck

Parking description: Carports

Heating description: Wall

Last Updated: 7/6/2026

Days On Market (DOM): 1169

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Lat/Long: 33.150444, -117.346884.
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Lot Details

Easement Present: (Easement present. For more information, contact agent.)

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Property Details

Cherry Apartments is located in the desirable beach community of Carlsbad, California. This 13 unit apartment investment was built in 1959 and consists of 11 one bedroom/one bath units, 1 two bedroom/one bath house, and 1 non-conforming studio. 00 These units are located on two adjoining parcels, APN 204-232-15-00 and APN 204-232-16-00. The property amenities include off-street parking, lush tropical landscaping, and 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 opportunity and steady cash ?ow 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 4-8 multi-million dollar townhomes * Leave as is and enjoy future appreciation due to proximity to the

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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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