3177 Lincoln Street
Price
$4,850,000
Price Per Unit
$808,333
Price Per Square Foot
$961.54
CAP Rate
3.69%
Units
6 Units
Building Square Feet
5,044 SF
Lot Size
8,160 SF
Year Built
1966
APN
203-250-09-00
The Bove Group is proud to present 3177 Lincoln Street, an upgraded 6-unit apartment community located just blocks from the beach in the heart of Carlsbad Village. Offered at $4,850,000, the property operates at a 3.69% cap rate and an 18.21 GRM, with a compelling 7.14% pro forma cap rate through short-term rental conversion—an exceptional value play in one of San Diego County’s most sought-after coastal markets.
Originally built in 1966, the property has been thoughtfully improved with modern updates while maintaining its coastal charm. The unit mix consists of (2) 1BD/1BA and (4) 2BD/1BA apartments, offering a well-balanced layout for both long-term tenants and short-term rental guests. The site spans 5,044 SF on an 8,160 SF lot, featuring surface parking and minimal landscaping for low operating expenses.
Positioned within walking distance to the beach, dining, and retail destinations of Carlsbad Village, the property benefits from strong demand drivers, rising rental rates, and virtually no new competing supply in the immediate area. With projected gross annual income of $873,600 under an STR strategy, this offering delivers a rare combination of cash flow, coastal location, and long-term appreciation potential.
Listed By:
Aaron Bove
Senior Managing Director, Investments
aaron.bove@marcusmillichap.com
(858) 945-7094
Jared Wallach
Associate Director Investment
jared.wallach@marcusmillichap.com
(424) 205-3800