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Carlsbad Real Estate
3143 Madison St
Carlsbad
92008
$3,300,000
2-4 Units
7,060 sq. ft.
built: 2004
- Status:
- Active
- Prop. Type:
- 2-4 Units
- MLS® Num:
- 210000022
- Year Built:
- 2004
- Photos (59)
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3143 Madison Street offers: 1800sq ft 4bd-2ba, 1670 sq ft 3bd-2ba with private yard, 780 sq ft 2bd-1ba, and 1025 sq ft 2bd-1ba w/ rooftop deck. 4 car garage, parking for up to 9 cars. Communal gathering area, spa, and decks, ensure coveted tranquility to perspective tenants. Property is smart-wired, owned-solar, and very well maintained. Value add options for increased revenue. Also a great option for a large or multigenerational family. A short stroll to toes-in-the-sand and the vibrant Carlsbad Village.
- Total Floor Area:
- 7,060 sq. ft.
- Lot Size:
- 4,000-7,499 SF
- Lot Size:
- 0.16 acre(s)
- Number of Buildings:
- 2
- Number of Units:
- 4
- Year Built:
- 2004
- Stories:
- 3 Story
- Total Stories:
- 3
- Market Area:
- Coastal North
- Community:
- CARLSBAD WEST
- County:
- San Diego
- Neighborhood Code:
- Carlsbad Village
- Name of Complex/Subdivision:
- Village Green
- Mello Roos Fee:
- 0.0
- Monthly Total Fees:
- 0.0
- Other Fees:
- 0.0
- Tenant pays:
- Other/Remarks
- Projected net operating income:
- 144000
- Other income:
- 0
- Projected other income:
- 6800.0
- Annual expense actual:
- 8000
- Projected annual expense:
- 8000
- Cap Rate.:
- 3.7
- Projected Cap Rate.:
- 5.2
- Gross Rent Multiplier:
- 20.48
- Projected Gross Rent Multiplier:
- 16.67
- Gross scheduled income:
- 159000
- Projected gross scheduled income:
- 195600
- Unit Number for Unit 1:
- 1
- Finished Area for Unit 1:
- 1,670 sq. ft.
- Bedrooms for Unit 1:
- 3
- Number of bathrooms for Unit 1:
- 2
- Full Bathrooms for Unit 1:
- 2
- Half Bathrooms for Unit 1:
- 0
- Deposit for Unit 1:
- 0.0
- Total Rent for Unit 1:
- 4500.0
- Projected Rent for Unit 1:
- 4800.0
- Total Garage Spaces for Unit 1:
- 2
- Unit 1 Exclusive Use Yard:
- Yes
- Laundry Hook Ups for Unit 1:
- Yes
- Unit Number for Unit 2:
- 2
- Finished Area for Unit 2:
- 1,025 sq. ft.
- Bedrooms for Unit 2:
- 2
- Number of bathrooms for Unit 2:
- 1
- Full Bathrooms for Unit 2:
- 1
- Half Bathrooms for Unit 2:
- 0
- Deposit for Unit 2:
- 2200.0
- Total Rent for Unit 2:
- 2600.0
- Projected Rent for Unit 2:
- 3600.0
- Total Garage Spaces for Unit 2:
- 0
- Unit 2 Exclusive Use Yard:
- No
- Laundry Hook Ups for Unit 2:
- Common
- Unit Number for Unit 3:
- 3
- Finished Area for Unit 3:
- 780 sq. ft.
- Bedrooms for Unit 3:
- 2
- Number of bathrooms for Unit 3:
- 1
- Full Bathrooms for Unit 3:
- 1
- Half Bathrooms for Unit 3:
- 0
- Deposit for Unit 3:
- 2300.0
- Total Rent for Unit 3:
- 2400.0
- Projected Rent for Unit 3:
- 3300.0
- Total Garage Spaces for Unit 3:
- 0
- Unit 3 Exclusive Use Yard:
- No
- Laundry Hook Ups for Unit 3:
- Common
- Unit Number for Unit 4:
- 4
- Finished Area for Unit 4:
- 1,800 sq. ft.
- Bedrooms for Unit 4:
- 4
- Number of bathrooms for Unit 4:
- 2
- Full Bathrooms for Unit 4:
- 2
- Half Bathrooms for Unit 4:
- 0
- Deposit for Unit 4:
- 3700.0
- Total Rent for Unit 4:
- 3750.0
- Projected Rent for Unit 4:
- 4600.0
- Total Garage Spaces for Unit 4:
- 2
- Unit 4 Exclusive Use Yard:
- No
- Laundry Hook Ups for Unit 4:
- Yes
- Village Greene is unique in design by offering residents the truest form of multiple unit living. Actual square footage via professional mapping reflects a total of 6034 square feet. Numerous unit combinations with minor interior wall adjustments make Village Greene not only an attractive investment property, but a viable candidate for a large family compound. For many years, the current owners have enjoyed cost-free occupancy of the front home while realizing net profits from the rental income. Investing buyers will delight in nominal maintenance costs, forecasted appreciation with many surrounding development projects underway, and rental income diversity. Both longterm tenancy and vacation rental income can be assigned concurrently to maximize seasonal opportunities. Appointed as 5 distinct homes, Residences 1 and 5 are easily combined to make 4 total units, inviting attractive residential financing options. Both residence 1 and 4 come with in-unit laundry, and garage parking. Communal areas include bbq and gathering areas, a 2nd level atrium deck, spa, sun deck and grass area. Parking for up to 9 cars within property lines ensure a coveted perk to perspective occupants. Solar panels supply the front house which comes equipped with its own sauna. This property has to be seen to truly appreciate all of its offerings and build quality. The thoughtful construction, layout and execution is second-to-none. Carlsbad Village offers a thriving and diverse selection of entertainment, dining, nightlife and live music. Carlsbad West is also consistently rated as one of the best beach communities in the country and Village Greene is Coastal Carlsbad at its finest.
- Oak
- Exterior Features:
- Stucco
- Cooling:
- None
- Heating:
- Forced Air Unit
- Heating fuel:
- Electric, Natural Gas
- Number of Units with Cooling:
- 0
- Number of Units with Dishwashers:
- 4
- Number of Units with Dryers:
- 2
- Number of Units with Fireplaces:
- 1
- Number of Furnished Units:
- 0
- Number of Units with Garages:
- 4
- Number of Units with Patios:
- 4
- Number of Units with Range/Oven:
- 4
- Number of Units with Refrigerators:
- 4
- Number of Units with Washers:
- 2
- Roof:
- Composition
- Water district:
- CARLSBAD MUNICIPAL WATER DISTRI
- Security:
- Gated Community
- Fencing:
- Full, Gate
- Short Sale:
- No
- Listing Type:
- Exclusive Right (R)
- Age Restrictions:
- N/K
- Sales Restrictions:
- N/K
- Terms:
- Cash, Conventional, Exchange
- Parcel Number:
- 204-084-03-00
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3D Tour
Virtual Tour Link
Listed by Compass
Data was last updated February 25, 2021 at 05:10 PM (UTC)
Area Statistics
- Listings on market:
- 14
- Avg list price:
- $1,599,500
- Min list price:
- $819,000
- Max list price:
- $3,300,000
- Avg days on market:
- 55
- Min days on market:
- 6
- Max days on market:
- 182
- Avg price per sq.ft.:
- $336.55
These statistics are generated based on the current listing's property type
and located in
Coastal North. Average values are
derived using median calculations.
- DAVID TAXER
- Phillips & Co.
- 1 (760) 470-0560
- Contact by Email
This information is deemed reliable but not guaranteed.
You should rely on this information only to decide whether or not to further investigate a particular property.
BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional.
You may use this information only to identify properties you may be interested in investigating further.
All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited.
Redistribution or copying of this information, any photographs or video tours is strictly prohibited.
This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc.
Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display.
The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.
Compilation © 2021 San Diego Multiple Listing Service, Inc.
