Bluwater Crossing Apartments

6797 Embarcadero Lane | Carlsbad | CA | 92011


Confidentiality Agreement

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Property Highlights

    • Coastal Carlsbad Location
    • Walking Distance to the Beach
    • 2009 Construction
    • Exempt from AB 1482 Rent Restrictions

Property Details

  • Price: $ 3,700,000
  • Price Per Unit: $ 308,333.33
  • Units: 12
  • Transaction Type: For Sale
  • Property Type: Multi-Family
  • Building Size: 10,068 SF
  • Cap Rate: 2.87%
  • Year Built: 2009
  • Availability: Sold

Property Description

We are pleased to present Bluwater Crossing Apartments (the “Property”), an attractive rental community located within the Bluwater Crossing live-work community in Carlsbad, California. The offering presents real estate investors with the rare opportunity to acquire a turn-key stabilized real estate asset that was built in 2009 and is situated less than a mile from the ocean. The property is being offered free and clear of debt encumbrances.

The Property consists of twelve (12) units of approximately 820 square feet, on a large 34,470 square foot lot. Bluwater Crossing Apartments are all one-bedroom / one-bathroom loft-style units. Each unit offers contemporary finishes such as granite countertops and modern kitchen appliances, including built-in microwaves and dishwashers. The units boast of large living areas, laundry rooms with washers and dryers, spacious walk-in closets, central air-conditioning, and select units that offer balconies and ocean views. The Property also provides tenants with secure underground parking, elevators, and community gathering spaces such as fire pits, fountains, gardens, and a unique clock tower designed by acclaimed Luis Alonzo-Barkigia.

The apartments are under the City of Carlsbad’s affordable housing program for 55 years. This designation allows you to rent the units to tenants that make less than 80 percent of the current San Diego median income as reported by HUD. This affordable program also sets the maximum rents each year, with an average annual increase of 3.5% over the last 10 years. This program is very popular in Carlsbad and usually results in a wait list for available units.


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Financial Summary

Investment Highlights

Price $3,700,000.00
Price / Unit $308,333.33
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $3,700,000.00


Income & Expenses



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Rent Roll

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