3480 Garfield St, Carlsbad, CA 92008
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3480 Garfield St Carlsbad, CA 92008

$3,485,000 Sold Price as of 08/24/2023
  • 8 Beds
  • 8 Baths
  • 4,272 Sq.Ft.
Sold
$3,485,000 Sold Price as of 08/24/2023 Refinance Your Mortgage

Map preview of 3480 Garfield St, Carlsbad, CA 92008

Property Overview: 3480 Garfield St Carlsbad, CA has 8 bedrooms, 8 bathrooms, 4,272 living square feet and 5,540 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Price just reduced! Just one block from the surf, sand and boardwalk at Carlsbad State Beach, this upgraded, remodeled and well-maintained four-plex offers a great opportunity for lease and vacation rental income. Each unit presents a spacious living room, two bedrooms including one ensuite, two baths, upgraded or new dine-in kitchens with stainless steel appliances, upgraded dual-pane windows, privacy windows in bedrooms, and access to a covered carport space. Occupying a coveted lot of nearly 5,500 square feet, the property is complemented by a shared BBQ area, a shared laundry area, and tropical landscaping accented by coastal Tiki decor. The four apartments offer a combined total of approximately 4,272 square feet, with varying units displaying Shaker cabinetry, granite or quartz countertops, marble- and wood-inspired plank and tile flooring and vaulted open-beam ceilings. Residents and vacationers can leave their cars at home and enjoy the beach, and the wide variety of cafés, shops and restaurants in Carlsbad Village. I-5 is close by and provides quick access to the pier-side resorts of Oceanside, Del Mar’s village and racetrack, Legoland and downtown San Diego.

Listed by Doug Echelberger | BRE #01176379 | Pacific Sotheby's Int'l Realty
Last checked: 7 minutes ago | Last updated: August 26th, 2023 | Source CRMLS | DOM: 170

Home details

Lot Sq. Ft
5,540
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
OC23006957
City
Carlsbad
County
San Diego
Time on Site
429 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.8%
  • Gross Rent Multiplier: 13.61
  • Gross Scheduled Income: $292,024
  • Net Operating Income: $190,473
  • Gross Operating Income: $292,024
Annual Expense Breakdown
  • Total Operating Expense: $101,551
  • Electric: $3,583
  • Gas/Fuel: $0
  • Furniture Replacement: $1,744
  • Trash: $1,235
  • Insurance: $7,000
  • Professional Management: $67,170
  • Water/Sewer: $932

Virtual Tour

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Property Details for 3480 Garfield St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, In Closet, Inside, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Tile
  • Entry, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite
Kitchen Information
  • Has Appliances
  • Built-In Range, Dishwasher, Electric Oven, Disposal, Gas Cooktop, Self Cleaning Oven, Vented Exhaust Fan, Water Line to Refrigerator
Interior Features
  • Beamed Ceilings, Built-in Features, Ceiling Fan(s), High Ceilings, Open Floorplan, Recessed Lighting, Stone Counters
  • Levels: Two
  • Window Features: Double Pane Windows, Roller Shields, Screens
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s)
  • Door Features: Panel Doors
Exterior Features
Exterior Information
  • Lighting, Rain Gutters
  • Has Fence
  • Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Carport, Covered, Driveway, Concrete, On Site, Private
Lot Information
  • Lot Features: Landscaped, Level with Street, Sprinkler System, Sprinklers In Front, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: Planned Development
Property Information
  • Has View
  • View: Hills, Neighborhood, Panoramic
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 2041502700
  • Year Built Source: Assessor
  • Architectural Style: Custom Built
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Carlsbad West
  • Directions: I-5 S to Carlsbad Village Dr, take exit 50 and turn right, turn left onto Washington St, right on Oak Ave, left on Lincoln St, right on Pine, left on Garfield
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Gutters, Sidewalks
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Sale History for 3480 Garfield St

Last sold for $3,485,000 on August 24th, 2023
  • August, 2023

  • Aug 24, 2023

    Date

    Sold

    CRMLS: OC23006957

    $3,485,000

    Price

  • Jan 24, 2023

    Date

    Active

    CRMLS: OC23006957

    $3,975,000

    Price

  • August, 2019

  • Aug 18, 2019

    Date

    Sold

    CRMLS: 150008377

    $1,600,000

    Price

  • Listing provided courtesy of CRMLS

    Seller will entertain offers between $1.6M & $1.7M. 3480 Garfield Street is a four unit apartment building with an irreplaceable location, one block from the Carlsbad State Beach Boardwalk in the highly sought after beach community of Carlsbad, California. All four units are 2BR/2BA 1,068sqft, steps to the beach, with on-site parking for 8 vehicles. Enormous upside potential, including redevelopment and/or renovation. Coin operated washer and dryer at lower east side common area. Information Disclosure: All information is provided by owners and is not guaranteed. The accuracy of all information regardless of source, including but not limited to square footage and lot size, is believed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate licensed professionals. Neighborhoods: Carlsbad Exterior: Wood/Stucco Other Fees: 0 Number of Furnished Units: 0 Topography: LL

  • May, 2015

  • May 8, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 2015

  • Apr 13, 2015

    Date

    Sold (Public Records)

    Public Records

    $1,600,000

    Price

Show More

Tax History for 3480 Garfield St

Assessed Value (2020): $1,758,300
Year Land Value Improved Value Assessed Value
2020 $1,494,556 $263,744 $1,758,300

Home Value Compared to the Market

This property vs the competition

3480 Garfield St sold on August 24, 2023 for 151.66% higher than the current median sold price for the city of Carlsbad which is $1,450,000. The median sold price per/sqft for Carlsbad is $696 and this home is sold at $854.17 per/sqft which puts the price per square foot 22.73% higher than the current median sale per square foot for the city of Carlsbad.

About 3480 Garfield St

Detailed summary of property

3480 Garfield St is a fourplex that recently sold in Carlsbad, CA 92008. This fourplex offered 8 bedrooms, 8 bathrooms, roughly 4,272 living square feet, and sits on an approximately 5,540 square foot lot. 3480 Garfield St was first listed on ArdentRealEstateGroup.com on January 24, 2023. The homeowner sold the property for $3,485,000. Home in Carlsbad are selling for a median price of $1,450,000 and a median price per square foot of $696. Based on Ardent Real Estate Group's Carlsbad Market Data, this home is sold 151.66% higher than the current median priced home. Local homes that are currently for sale include 301 E Balboa Blvd, 219 E Bay Ave and 1913 Court St. While the average home in Carlsbad, CA is selling in 61 days, 3480 Garfield St has a days on market of 170 days. There are currently 262 homes for sale in the Carlsbad real estate market and 158 of them are single family homes while 60 of them are condos and 44 are townhomes. For more information on this home for sale at 3480 Garfield St Carlsbad, CA 92008 contact Ardent Real Estate Group and we will put you in touch with one of our Carlsbad agents.

Public Facts for 3480 Garfield St

Public county record property details
Beds
8
Baths
8
Year built
1964
Sq. Ft.
4,272
Lot Size
5,540
Stories
--
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
San Diego
Lot#
13
APN
204-150-27-00

The source for these homes facts are from public records.

92008 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,900,000
Median List Price/Sq.Ft.
$862
Median Sold Price
$2,200,000
Median Sold Price/Sq.Ft.
$756
Total Inventory
85
Median Sale to List Price %
100.23%
Avg Days on Market
28
Loan Type
Conventional (56.25%), FHA (0%), VA (6.25%), Cash (25%), Other (12.5%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.