Bluwater Crossing Apartments offers a rare opportunity to acquire a fully stabilized, move-in ready 12-unit multifamily asset in a true A-location in coastal South Carlsbad. Built in 2009, short distance to the beach and adjacent to the Carlsbad Poinsettia Coaster Station, the property operates at 100% historical occupancy with rent-restricted… Read More units, providing predictable, durable cash flow and minimal operational risk. Consists of twelve (12) large loft-style studio apartments averaging approximately 820 SF. Units feature quality finishes including granite countertops, modern kitchen appliances with built-in microwaves and dishwashers, in-unit washers and dryers, central A/C, spacious walk-in closets, and select balconies with ocean views. Tenants enjoy secure underground parking, elevators, and well-maintained community spaces. The apartments participate in the City of Carlsbad’s 55-year affordable housing program resulting in strong demand and a consistent waitlist. Ideally suited for long-term hold or 1031 exchange investors seeking stability, coastal location-driven appreciation, and capital preservation rather than speculative value-add execution. The residential component is addressed as 6797 Embarcadero Ln (tax records reflect 6801 Embarcadero Ln, APN 214-650-01-02). Property is part of a mixed-use parcel shared with a Montessori school occupying the first level. School is separately owned/occupied and not included in the offering. Offering includes only the 12 residential apartment units located on levels 2 and 3. Call for OM Read Less
Courtesy of Luxeally Real Estate, 858-630-8997, Jeffrey J Toth.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Com-Res Income
Square Ft.
8,952
Lot Size
0.79 Acres
MLS Number
260002549
Additional Details
Building
Built in 0, Building area total: 8952, 1 number of building, 2 stories, Living area: 8952, Living area units: Sqft, Building area units: Sqft, 12 total units, "3 Story", "Apartment"
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Source: San Diego MLS
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