NOT LISTED FOR SALE

1028 Tait St Oceanside, CA 92054

Downtown Oceanside Neighborhood
6 Beds
6 Baths
2,610 Sq Ft
1962 Built

Last Sold November 07, 2023

Last sale price $3,112,000 $1,192 Per Sq Ft

13 Days on Market

Highlights

  • Ocean View
  • Gated Home
  • Level Lot

About This Home

As of November 2023

RARE Opportunity. 4 Units - 1 Blck to the Ocean. Long Term Rental Cap Rate 3.75; GRM 17.8. Short Term Rental Cap Rate 8; GRM 9.7. Property is currently being utilized as short term rentals for all units. No STR restrictions in Oceanside. Capitalize day 1 on either market long term rents or maximize profits as STRs. Property also consists of (4) 1 car garages - ADU potential. Value Add. Tait street features (2) 2 bedroom 2 bath cottage style units and (2) 1 bedroom 1 bath upper floor units with ocean views. On site laundry, private courtyard, close to major highways, beaches, shopping, dinning, attractions, and Camp Pendleton. This turnkey property is ideal for investors seeking a low maintenance, highly profitable, beach side investment. OM attached in MLS documents section. Seller open to seller carryback financing

Last Agent to Sell the Property

Kelsey Olson

Compass License #02033733 Listed on: 09/27/2023

Compass

Co-Listed By

Theodore Kavich

Compass License #02066610

Last Buyer's Agent

Tim Austin

Broker Groves, Inc License #01196088

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • Gated Home
  • Level Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Ocean Views

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter

Listing and Financial Details

  • Assessor Parcel Number 152-072-11-00

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Net Operating Income $112,610

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal North
  • Cross Street: Tait and Forster
  • Neighborhood: Myers Addition
  • LP / Sq Ft: 12.0
  • Stories: 2 Story
  • Sale Price List Price: 1.04
  • Total Stories: 2
  • Year Built: 1962
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Gate
  • Roof: Composition
  • View: Ocean

Utilities

  • Water: Meter on Property
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: OCEANSIDE

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Public Street
  • Topography: Level
  • Assessor Parcel Number: 152-072-11-00

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 112610
  • Gross Rent Multiplier Actual: 17.8
  • Number Of Buildings: 2
  • Number Of Furnished Units: 4
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 4
  • Number Of Units With Garage: 4
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 4

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/07/2023 11/07/23 Sold $3,112,000 +3.7% $1,192 / Sq Ft
10/11/2023 10/11/23 Pending -- -- --
09/27/2023 09/27/23 For Sale $2,999,999 -- $1,149 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kelsey Olson

    Seller's Agent in 2023

    Kelsey Olson

    Compass

    (619) 353-5799

    1 in this area

    95 Total Sales

    Kelsey Olson
    Section Image
  • Theodore Kavich

    Seller Co-Listing Agent in 2023

    Theodore Kavich

    Compass

    (818) 314-7357

    2 in this area

    24 Total Sales

    Theodore Kavich
    Section Image
  • Tim Austin

    Buyer's Agent in 2023

    Tim Austin

    Broker Groves, Inc

    (760) 310-5485

    2 in this area

    13 Total Sales

    Tim Austin
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 230018932

San Diego MLS
California San Diego County Oceanside 92054 Downtown Oceanside

1028 Tait St, Oceanside, CA

Not Listed for Sale

MultiFamily

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