CARLSBAD-Northern California-based entity has bought another multi-family property in the north county. The 72-unit complex, at 357 Chestnut St., sold for $9.04 million.

On the market for less than a week, the Carlsbad Coast Apartments complex was purchased by G. W. Williams Co. of San Mateo. Carlsbad Coast Apartment LLC sold the property.

Washington Mutual’s San Francisco office provided a new first-trust deed and a $6.3 million note for the transaction.

“This is the premier property west of the railway in Carlsbad,” says Diane Miramontes of Business Real Estate Brokerage Co., which represented both buyer and seller.

The apartment complex, constructed in 1972, was fully renovated last year. The property lies less than two blocks from Carlsbad State Beach and consists of 10 studios, 18 one-bedroom units and 44 two-bedroom/twobath units.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.