Carlsbad Investment Property – Listing of the Day

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Listing of the Day – 996-998 Pine Avenue, Carlsbad

Seller will entertain offers between $550,000 and $550,876.

Projected Carlsbad Investment Property 

THIS IS A DEVELOPMENT PROPERTY APPROVED FOR 4 SINGLE FAMILY HOMES. BUYER TO VERIFY ALL PRIOR TO COE. This is an income producing property on a level lot, W. of 5, with an approved tentative parcel map (TPM) to build 4 single family homes. The lot is 18,000 sq. ft. located just a little southeast of Carlsbad Village and within walking d istance ot the Coaster Train Station and the Pacific Ocean. While the R-3 zoning will allow 5 residential units, there are plans available to build 4 single family residences with approximately 2,168 sq. ft. of living space. The homes ar e of 2 story design, having 3 bedrooms, 3 bathrooms, a family room, eat in kitchen, and a living room that can also be used as a bedroom. dining room, office, or den. The design is Craftsman style, similar to what might be found on a Nor th Carolina beach, complete with a metal roof and a clerestory cupola.

Current Use of this Carlsbad Investment Property

 The lot is currently developed with an older home (998 Pine) that is rented for $1,775/mo.,a garage/storage facility rented for $250/mo., and a small house (996 Pine) w/gas &7 electric disconnected that is rented for storage & parking @ $400/mo Total income is $2,425/mo. Please note: All information is from sources deemed reliable, but has not been verifyed and is not warranted in any manner by the O wner’s or their agents. The information is provided subject to the possibility of errors, ommissions and change of conditions without notice. Buyer is to verify all information prior to COE. Please see ATTACHMENT for project details. Lis ting agent is part owner.  This property is a short sale.  Learn more about short sales.

Mandatory Remarks: Seller will entertain offers between $500000 – $550876 None Known

View site plan and floor plans for this Carlsbad investment property.

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Above Carlsbad home listing of the day was provided by Gary Harmon – DRE #01007062.
Information courtesy of Prudential California Realty is subject to verification and is not guaranteed.