3424 & 3434 Monroe St is comprised of two contiguous 4-plexes in the highly desirable neighborhood of Carlsbad. Resting on a 15,726 SF lot, there is 6,524 rentable SF comprised of (8) two bedroom/ one-bathroom units. 3424 & 3434 Monroe Street offers investors the unique opportunity to acquire a value-add asset in a rarely traded neighborhood. The cottage style 4-plexes feature coin operated laundry, 8 covered carport parking spaces, a communal courtyard, and an abundance of storage space. This asset can be renovated to maximize cash flow or continue to be well maintained and operate as is. Carlsbad is one of San Diego County’s most desirable cities to live in. It is home to some of California’s most famous beaches, top rated schools, attractions, and restaurants. This coastal community attracts high quality tenants that will continue to keep vacancy rates low and rent increases steady. Being within walking distance to Carlsbad High School, this property is well positioned with the investor’s longevity in mind.
Courtesy of Marcus & Millichap, Raymond Choi.
Last Updated: Source: Sandicor Regional MLS
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