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3143 Madison St
Coastal North Carlsbad 92008

$3,300,000
2-4 Units 7,060 sq. ft. built: 2004

Main Photo: CARLSBAD WEST Property for sale: 3143 Madison St in Carlsbad
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Status:
Active
Prop. Type:
2-4 Units
MLS® Num:
210000022
Year Built:
2004
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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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.
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