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Coastal Carlsbad 6-Unit Apartment Complex 3177 Lincoln St 6 Unit Apartment Building $5,471,632 CAD ($911,939 CAD/Unit) 3.38% Cap Rate Carlsbad, CA 92008
Investment Highlights
- Irreplaceable Coastal Real Estate in Carlsbad Village
- Value-Add Opportunity w/ 27% Upside in Rental Income
- Tenant Amenities Include Storage Units, Private Yards, & Onsite Laundry Facility
- Strong Unit Mix: (4) 2Bdrm Units + (2) 1Bdrm Units
- Ten (10) Off-street Parking Spaces
- Walk to the Sand & Everything Carlsbad Village Has to Offer
Executive Summary
Located in Carlsbad Village, one of North County San Diego’s most desirable submarkets, the Lincoln St Apartment Homes presents an investor with an amazing opportunity. This clean and well maintained 6-Unit apartment complex boasts walkability to the beach and everything Carlsbad Village has to offer. The property is situated on a 8,160sf parcel, and consists of four (4) 2Bedroom / 1Bathroom Units and two (2) 1Bedroom / 1Bathroom Units. Tenant amenities include ten (10)off-street parking
spots, storage units, private yards, and an onsite laundry room.
With 27% upside in rental income, this asset is perfect for a buyer looking for a premium coastal multifamily asset with substantial rental upside in an outstanding location.
spots, storage units, private yards, and an onsite laundry room.
With 27% upside in rental income, this asset is perfect for a buyer looking for a premium coastal multifamily asset with substantial rental upside in an outstanding location.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$288,105
|
$35.00
|
| Other Income |
$1,397
|
$0.17
|
| Vacancy Loss |
$8,685
|
$1.06
|
| Effective Gross Income |
$280,817
|
$34.11
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$95,945
|
$11.66
|
| Net Operating Income |
$184,873
|
$22.46
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $288,105 |
| Annual Per SF | $35.00 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,397 |
| Annual Per SF | $0.17 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $8,685 |
| Annual Per SF | $1.06 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $280,817 |
| Annual Per SF | $34.11 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $95,945 |
| Annual Per SF | $11.66 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $184,873 |
| Annual Per SF | $22.46 |
Property Facts
| Price | $5,471,632 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $911,939 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 3.38% | Building Size | 8,232 SF |
| Gross Rent Multiplier | 18.9 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1966 |
| Property Subtype | Apartment | Parking Ratio | 1.21/1,000 SF |
| Zoning | R-3 | ||
| Price | $5,471,632 CAD |
| Price Per Unit | $911,939 CAD |
| Sale Type | Investment |
| Cap Rate | 3.38% |
| Gross Rent Multiplier | 18.9 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 8,232 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | R-3 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Yard
Site Amenities
- Laundry Facilities
- Storage Space
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $3,866 CAD | 625 |
| 2+1 | 4 | $4,069 CAD | 950 |
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (70)
Property Taxes
| Parcel Number | 203-250-09 | Improvements Assessment | $491,964 CAD |
| Land Assessment | $266,514 CAD | Total Assessment | $758,478 CAD |
Property Taxes
Parcel Number
203-250-09
Land Assessment
$266,514 CAD
Improvements Assessment
$491,964 CAD
Total Assessment
$758,478 CAD
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Coastal Carlsbad 6-Unit Apartment Complex | 3177 Lincoln St
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