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Carlsbad, CA 92011

  • Commercial Sale
  • MLS# 220015876SD
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Views: 6 Days On Market: 55

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Property Details

We are pleased to present Bluwater Crossing Apartments (the 'Property'), an attractive rental community located within the Bluwater Crossing live-work community in Carlsbad that was built in 2009 and is situated less than a mile from the ocean. They are under the City of Carlsbad's Affordable housing program for 55 years. This designation allows you to rent the units to tenants that make less than 80% of the current San Diego median income as reported by HUD. This affordable program also sets the max rents each year, with an average annual increase of 3.5% over the last 10 years. This program is very popular in Carlsbad and usually results in a wait-list for available units. The new 2022 median income calculations will allow the buyer to raise rents on all units to $1,674.50 at the close of escrow. And since the rent restrictions are tied to inflation, it is anticipated that rents will increase rapidly in the coming years. This property is exempt from AB 1482 rent restrictions as well. The Property consists of 12 units of approx. 820 sq. ft., on a large 34,470 sq. ft. lot. They are all 1 bed/1 bath loft-style units. Each unit offers contemporary finishes such as granite countertops and modern appliances, including built-in microwaves and dishwashers. The units boast of large living areas, laundry rooms with washers and dryers, spacious walk-in closets, central A/C, and select units that offer balconies and ocean views. The Property also provides tenants with secure underground parking, elevators, and community gathering spaces such as fire pits, fountains, and gardens. Cooling: Central Forced Air Elec

  • General Features
    • Association Fee 0.00
    • Buyer Compensation 1.500 %
    • County Or Parish San Diego
    • Number Of Buildings 1
    • Number Of Units Total 12
  • Property Features
    • Parking Total 18.00

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Neighborhood

92011 (Carlsbad) Demographics

44 Median Age
3,538 Population Density (per sq. mile)
68% College Educated
$115,301 Estimated Median Income
5,988 Estimated Total Home Owners
3,457 Estimated Total Renters
63% / 37% Estimated Owner / Renter Divide
3 Estimated Average Household Size
24,843 Total Population
Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$1,501,000 Median Sales Price
26 Homes Sold
44 New On Market

Average Days on Market

    Properties for Sale

      Calculations provided by Reliance Network

      Property History

      Date Event Price Percent Change
      -- Current Price Source: Multiple Listing Service New Value: $4,050,000
      6/22/2022 6:34:00 PM New in Database Source: Multiple Listing Service New Value: $4,050,000

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      * This payment calculator is intended for educational and planning purposes only.
      ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
      Based on information from California Regional Multiple Listing Service, Inc. as of 8/16/2022 3:07:50 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

      Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.