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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 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
Property Type(s):
Commercial
| Last Updated | 2/2/2026 | Year Built | 0 |
|---|---|---|---|
| Community | 92011 - Carlsbad | County | San Diego |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| AREA | 92011 - Carlsbad |
| HEAT | None |
| LOT | 0.7913 acre(s) |
| LOT DIMENSIONS | 34470 |
Location
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Listed with Luxeally Real Estate
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