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Key Details
Sold Price $11,500,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 240004226
Sold Date 05/15/24
Acres 1.22
Property Description
We are pleased to present Camelot Terrace Apartments for sale in an irreplaceable coastal location in Carlsbad, San Diego. The subject is less than 400 yards from Tamarack Beach and the Pacific Ocean. Camelot Terrace offers an ideal unit mix of four 1-bed/1-bath units and 21 large 2-bed/1.5 bath town home units. The low density community sits on a large 1.22 acre parcel with ample parking and community laundry facilities. The subject has been well-maintained and professionally managed. In recent years, select unit interiors and the building exterior have been improved. A future investor could complete a deeper renovation with high-end finishes and additional amenities such as in-unit washer and dryers to raise rents significantly. The coastal sub-market of Carlsbad is one of the most desirable markets in San Diego. The subject property will always be in high demand due to the lack of supply from the scarcity and high cost of developable land. The subject benefits from close proximity to the beach and is less than 1-mile from Carlsbad Village's commercial core with abundant restaurants and shopping. The nearest light rail station is 1-mile from the subject, which connects riders from Oceanside to Downtown San Diego and beyond.
Location
State CA
County San Diego
Area Carlsbad (92008)
Interior
Heating Radiant
Cooling None
Laundry Leased
Exterior
Parking Features Spaces
Roof Type Composition
Building
Story 2
Others
Space Rent $823,164
Financing Cash to New Loan
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Our team is ready to help you sell your home for the highest possible price ASAP
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Bought with Eric D Comer • Eric D. Comer, Broker
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