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listing
1 of 50
MultifamilyFor Sale
$3,799,999
4627 Park Drive
Carlsbad, CA 92008
Listing Provided Courtesy of Coldwell Banker Realty
MLS: San Diego Multiple Listing Service (SDMLS)
Est. Mortgage
$19,715/mo

Discover a beautifully renovated and updated 4-plex located on the serene shores of Carlsbad. This Mid-Century trophy property is one of two areas in San Diego County featuring personal boat docks, making it a rare and valuable find. The seller has spared no expense, investing $400,000 in extensive remodels, including $100,000 worth of high-end furniture and equipment that convey with the property. Situated just steps away from a tranquil lagoon beach and a short drive to area beaches and Carlsbad Village, this property offers the perfect blend of peaceful living and easy access to vibrant local attractions. Each unit boasts private outdoor spaces and direct water views, enhancing the living experience with stunning vistas and fresh coastal breezes. With an impressive monthly gross income of over $16,000 and potential to add at least two more units over the garage area, this property is a lucrative investment. Designed for ease of maintenance and high rental appeal, the property was originally entitled as condos, adding value and flexibility for any investor’s exit strategy. The HOA allows for a minimum of 30-day rentals, providing flexibility for various rental strategies. Guests have full access to the private boat dock and outdoor dining area with a stainless BBQ, making it an attractive option for short-term stays. One unit includes direct access and a private gated entrance, ideal for an owner-occupant seeking privacy and convenience. This exceptional property is fully furnished and equipped, ready to offer an unparalleled living experience or investment opportunity!The property has undergone numerous upgrades to enhance durability, functionality, and aesthetic appeal. The dock has been completely restructured, ensuring long-lasting use. All kitchen and bathroom cabinets have been replaced with custom teak cabinetry, including a handcrafted 100% teak bathroom cabinet and custom teak kitchen cabinet doors. The kitchen now features elegant white quartz counters paired with Italian porcelain tile backsplash and high-end European-style appliances that are both space-efficient and stylish. Throughout the property, high-end fixtures from the Delta Brizo line in Champagne Bronze and Kohler toilets have been installed. The interiors boast hand-skimmed smooth wall coatings and fresh white paint, with added soundproofing through ceiling insulation in lower units. New recessed LED lighting and fans provide energy-efficient illumination, while durable vinyl plank flooring is ideal for coastal living. Bathroom renovations include custom Italian porcelain tile, frameless glass shower enclosures, backlit mirrors, Delta rose gold faucets, and custom lime wash paint. Mirrored closet doors have been added to all units for a modern touch. The balconies have been reinforced and weatherproof sealed. Exterior enhancements include a fresh paint job inside and out, new gutters, and the installation of extremely durable IPE wood decks, which are resistant to termites and rot with minimal maintenance. The entire property has been rewired with new electrical panels, new copper plumbing, and drain lines. The laundry room is equipped with high-end Samsung washer and dryer units. Garages have been drywalled, painted, and outfitted with new garage door openers. Security has been improved with new gates and fences. Outdoor amenities include a new BBQ and a large outdoor dining table with chairs for six in the common area. The exterior features designer lighting and drought-resistant landscaping with a drip system. Additionally, a new TPO plastic sheeting roof and glass railings have been installed on decks and the lower-level dining area, completing the comprehensive list of upgrades.

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Listing Courtesy of Coldwell Banker Realty. San Diego Multiple Listing Service, Inc. “SDMLS” Last Updated: 11/21/2024 08:50 AM
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