This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

RH Carriage Pines 13042 Carriage Rd

11 Unit Block of Flats £3,012,433 (£273,858/Unit) 4.69% Net Initial Yield Poway, CA 92064

Investment Highlights

  • Located in the coveted Poway rental market
  • Opportunity to build an ADU
  • Drive rents with minimal exterior improvements

Executive Summary

Originally built in 1977, Carriage Pines Apartments has been well maintained and most of the units have been renovated to varying finish levels. It boasts a desirable mix of one- and two-bedroom floor plans, along with ample parking and a community laundry room. This offering presents a true value-add opportunity, with potential upgrades to the building exterior and landscaping that could significantly increase rental income. Additionally, there is the option to convert three existing tuck-under parking spaces into an Accessory Dwelling Unit.
Carriage Pines is ideally situated in a quiet residential area, close to local amenities such as top-rated schools, shopping centers, and
parks. There are various restaurants within easy walking distance, and several grocery stores are located less than a mile from the property. The location offers a mix of suburban comfort and access to nature, with nearby hiking trails and open spaces. Carriage Pines abuts Poway's Kumeyaay-Ipai Interpretive Center a 4.5 acre site that offers residents a beautiful hillside with native vegetation for a backyard.

Property Facts

Price £3,012,433
Price Per Unit £273,858
Sale Type Investment
Net Initial Yield 4.69%
No. Units 11
Property Type Residential
Property Subtype Apartment
Building Class C
Lot Size 0.46 AC
Building Size 9,476 SF
Number of Floors 2
Year Built 1977
Parking Ratio 1.48/1,000 SF

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower

Site Amenities

  • Courtyard
  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 4 £1,543 800
2+1.5 3 £1,721 900
2+2 4 £1,667 950

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
317-490-28
Land Assessment
£1,135,124
Improvements Assessment
£910,822
Total Assessment
£2,045,946

zoning

Zoning Code RS-7
RS-7
  • Listing ID: 33675429

  • Date on Market: 29/10/2024

  • Last Updated:

  • Address: 13042 Carriage Rd, Poway, CA 92064

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}