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For sale
  • Listed by: CPM Realty • Greg Gorsuch • Greg@cpmrealty.us
    $3,950,000

    4594 Cove Dr, Carlsbad, CA 92008

    7beds
    7baths
    4,744sqft
    : 
    $26,970/mo
    Get pre-qualified
    Triplex
    Built in 1993
    -- sqft lot
    $3,758,600 Zestimate®
    $833/sqft
    $108/mo HOA

    What's special

    Exceptional Coastal Carlsbad Investment Opportunity | 4594 Cove Drive Rare opportunity to acquire an exceptional three-residence property in one of Carlsbad's most desirable coastal communities. Offering an impressive 4,744 square feet of combined living space, this distinctive triplex combines the comfort and spaciousness of individual residences with the financial advantages of a premier multifamily investment. Thoughtfully configured with three generously sized residences, the property features two spacious 2-bedroom, 2-bathroom units measuring approximately 1,373 and 1,171 square feet, along with an expansive 3-bedroom, 3.5-bathroom residence offering approximately 2,200 square feet. The larger floor plans provide a level of space and flexibility rarely found in traditional multifamily properties. Currently generating $11,089 in monthly rental income, or $133,068 annually, this property offers an established income stream with the opportunity for long-term appreciation in Carlsbad's highly sought-after real estate market. Ideally situated in a desirable North County San Diego location, residents enjoy convenient access to Carlsbad's beautiful beaches, coastal lifestyle, exceptional dining, shopping, recreational amenities, and major transportation routes. Whether you're a seasoned investor seeking a distinctive addition to your portfolio or a buyer exploring the benefits of a multifamily property with potential owner-occupancy flexibility, 4594 Cove Drive presents a compelling combination of location, generous living spaces, and investment appeal. An exceptional opportunity to own three substantial residences in one of Southern California's most desirable coastal communities. Properties offering this combination of size, established income, and location are a valuable addition to any real estate portfolio.
    27 days
    497
    19

    Zillow last checked:

    Listing updated:

    Listed by:

    Greg Gorsuch DRE #01710272 Greg@cpmrealty.us,

    CPM Realty

    Source: CRMLS,MLS#: NDP2609529MLS LogoOriginating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 7
      Heating
      • Central
      Cooling
      • None
      Appliances
      • Included: Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator
      • Laundry: Laundry Closet, Laundry Room
      Features
      • Has fireplace: No
      • Common walls with other units/homes: 2+ Common Walls
      Interior area
      • Total structure area: 4,744
      • Total interior livable area: 4,744 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 8
      • Parking features: Carport
      • Carport spaces: 8
      Features
      • Entry location: 2
      • Pool features: None
      Lot
      • Size: 5,662 Square Feet
      • Features: 0-1 Unit/Acre
      Details
      • Parcel number: 2071500400
      • Zoning: R-4:MULTIPLE RESIDENTIAL
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Triplex
      • Attached to another structure: Yes
      Condition
      • New construction: No
      • Year built: 1993

      Utilities & green energy

      • Sewer: Public Sewer

      Community & HOA

      Community
      • Features: Biking, Street Lights, Sidewalks
      HOA
      • Has HOA: Yes
      • HOA fee: $324 quarterly
      • HOA name: Bristol Cove
      • HOA phone: 760-602-0221
      Location
      • Region: Carlsbad

      Financial & listing details

      • Price per square foot: $833/sqft
      • Tax assessed value: $1,884,073
      • Date on market: 10/14/2026
      • Cumulative days on market: 28 days
      • Listing terms: Cash,Conventional,1031 Exchange
      • Total actual rent: 11089

        Estimated market value

        $3,758,600

        $3.57M - $3.95M

        Not available

        Price history

        DateEventPrice
        10/14/2026Listed for sale$3,950,000+163.3%$833/sqft
        Source: CRMLS #NDP2609529 Report a problem
        1/27/2026Listing removed$3,995$1/sqft
        Source: Zillow Rentals Report a problem
        12/16/2025Price change$3,995-4.9%$1/sqft
        Source: Zillow Rentals Report a problem
        11/19/2025Price change$4,200-2.3%$1/sqft
        Source: Zillow Rentals Report a problem
        11/8/2025Price change$4,300-8.5%$1/sqft
        Source: Zillow Rentals Report a problem
        10/25/2025Price change$4,700-5.9%$1/sqft
        Source: Zillow Rentals Report a problem
        9/15/2025Listed for rent$4,995+56.1%$1/sqft
        Source: Zillow Rentals Report a problem
        3/22/2025Listing removed$3,200$1/sqft
        Source: Zillow Rentals Report a problem
        3/18/2025Price change$3,200-8.4%$1/sqft
        Source: Zillow Rentals Report a problem
        2/28/2025Listed for rent$3,495$1/sqft
        Source: Zillow Rentals Report a problem
        9/30/2024Listing removed$3,495$1/sqft
        Source: Zillow Rentals Report a problem
        9/7/2024Price change$3,495-2.8%$1/sqft
        Source: Zillow Rentals Report a problem
        8/22/2024Price change$3,595-2.8%$1/sqft
        Source: Zillow Rentals Report a problem
        8/1/2024Listed for rent$3,700$1/sqft
        Source: Zillow Rentals Report a problem
        5/31/2013Sold$1,500,000$316/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026-- $1,884,073 +2%
        2025$19,999 +3.5%$1,847,131 +2%
        2024$19,315 +0.5%$1,810,914 +2%
        2023$19,218 +1.6%$1,775,407 +2%
        2022$18,921 +0.8%$1,740,596 +2%
        2021$18,779 +0.7%$1,706,468 +1%
        2020$18,653 +2.3%$1,688,971 +2%
        2019$18,240 +3.8%$1,655,855 +1.8%
        2018$17,573 +1.9%$1,626,619 +2.2%
        2017$17,247 +4.2%$1,591,558 +2%
        2016$16,552 +0.4%$1,560,352 +1.5%
        2015$16,486 +1.7%$1,536,915 +2%
        2014$16,209 $1,506,810 +126.8%
        2013-- $664,482 +2%
        2012-- $651,454 +2%
        2011-- $638,681 +0.8%
        2010-- $633,908 -0.2%
        2009-- $635,415 +2%
        2008-- $622,957 +2%
        2007-- $610,744 +2%
        2006-- $598,770 +2%
        2005-- $587,030 +2%
        2004-- $575,520 +1.9%
        2003-- $564,973 +2%
        2002-- $553,896 +2%
        2001-- $543,036
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Hedionda Point

        Getting around

        24 / 100
        Car-Dependent
        23 / 100
        Minimal Transit
        16 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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