3039 Jefferson StCarlsbad, CA 92008

Property Details for 3039 Jefferson St

Year built

1976

Property size (Sq ft)

4,840 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Retail space

APN

203-351-22-00

APU

2033512200

Description

This exceptional Carlsbad Village property presents a rare development opportunity. Located at 3039 Jefferson Street, the 14,000 square foot lot currently houses four 1-story commercial/office structures totaling 4,840 square feet. These buildings, constructed in 1976 and recently renovated in 2023, are currently 100% occupied. The property is situated within the Village Center (VC) District of the Village and Barrio Master Plan (VBMP) and lies within the Coastal Zone. Importantly, the site boasts already-approved Site Development Plans and Coastal Development Permits. These permits allow for the demolition of the existing structures and the construction of a new 35,855-square-foot, four-story mixed-use building. This exciting project will include 17 residential apartment units and two ground-floor commercial spaces totaling 2,185 square feet. An at-grade parking garage with 19 vehicle spaces will also be constructed. This is a turnkey project ready for immediate development, offering significant return on investment in a highly desirable Carlsbad location. The asking price is $3,900,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,491,377

  6.5%

  $1,376,656

  7%

  $1,278,323

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,973,976

  Geo Method

  $4,292,908

• Alternative Use

  Use

  Valuation

  Residential

  $1,161,260

  Hospitality

  $1,063,708

  Educational

  $884,993

  Medical

  $915,429

  Retail

  $1,376,656

Location Insight

City

Carlsbad

County

San Diego

State

California

Latitude

33.1606

Longitude

-117.345

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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