Northmarq's San Diego office arranges sale of the Carlsbad Bungalows in Carlsbad, California

Carlsbad Bungalows

Investment Sales - Multifamily

Multi-Tenant

SAN DIEGO, CALIFORNIA (November 1, 2021) – Erik Anderson of the Northmarq San Diego Investment Sales team arranged the $3.7 million sale of Carlsbad Bungalows, a 7-unit multifamily property located at 3044 State Street in Downtown Carlsbad, California. Anderson worked on behalf of the buyer, a repeat client and local investor.

“The property is absolutely one of a kind,” said Anderson. “All of the units are detached cottage-style bungalows, and the location within the Downtown Village is impeccable. It is the reason why this was the highest price per unit in the Carlsbad Submarket in the past three years, because this is equivilant to buying seven single family homes blocks from the beach.”

The property was purchased from Villagio Carlsbad Cottages, LLC, and the buyer is Carlsbad Bungalows, LLC.

View Available Multifamily Listings

About Northmarq

Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.