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.
For sale
Listed by: CPM Realty • Greg Gorsuch • Greg@cpmrealty.us
$3,950,000
4594 Cove Dr, Carlsbad, CA 92008
7beds
7baths
4,744sqft
Triplex
Built in 1993
-- sqft lot
$3,758,600 Zestimate®
$833/sqft
$108/mo HOA
What's special
- 27 days
- 497
- 19
Zillow last checked:
Listing updated:
Listed by:
Greg Gorsuch DRE #01710272 Greg@cpmrealty.us,
CPM Realty
Source: CRMLS,MLS#: NDP2609529
Originating 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
| Date | Event | Price |
|---|---|---|
| 10/14/2026 | Listed for sale | $3,950,000+163.3%$833/sqft |
Source: | ||
| 1/27/2026 | Listing removed | $3,995$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/16/2025 | Price change | $3,995-4.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/19/2025 | Price change | $4,200-2.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/8/2025 | Price change | $4,300-8.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/25/2025 | Price change | $4,700-5.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/15/2025 | Listed for rent | $4,995+56.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/22/2025 | Listing removed | $3,200$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/18/2025 | Price change | $3,200-8.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/28/2025 | Listed for rent | $3,495$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/30/2024 | Listing removed | $3,495$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/7/2024 | Price change | $3,495-2.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/22/2024 | Price change | $3,595-2.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/1/2024 | Listed for rent | $3,700$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/31/2013 | Sold | $1,500,000$316/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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





