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6/02/20
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Maple Polynesian Apartments, a 6-unit residential complex in Carlsbad, was purchased by LA Mer Properties LP for $2.3 mil ($383k/unit). The 3.6k sf property is located at 137 Maple Ave, just a few doors east of Carlsbad Blvd and the coast.
Maple Polynesian Apartments is situated on a 6.1k sf and consists of six one-bedroom /one-bath units with a laundry room on-site. Monthly rental rates for the units at time of sale ranged from $1,600-$1,995. The property has the opportunity for increased rents.
Dave Savage of ACI represented the buyer in the deal. The property commanded a premium due to the units being located less than ½ a block from the Pacific Ocean. The property had one unit vacant at time of sale.
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