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 Carlsbads 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