NOT LISTED FOR SALE
6 Beds
6 Baths
2,610 Sq Ft
1962 Built

Sale Details

Date Sold: November 7, 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

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Ocean Views

Lot Details

  • Gated Home
  • Level Lot

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

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 24, 2024
Sold by
Bought by

Purchase Details

Listed on
Sep 27, 2023
Closed on
Oct 17, 2023
Sold by
Bought by
Seller's Agent
Kelsey Olson
Compass
Buyer's Agent
Tim Austin
Broker Groves, Inc
List Price
$2,999,999
Sold Price
$3,112,000
Premium/Discount to List
$112,001
3.73%
Views
34

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
7.19%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 27, 2019
Sold by
Bought by

Purchase Details

Closed on
Jun 18, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.9%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 20, 2016
Sold by
Bought by

Purchase Details

Closed on
Dec 18, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$869,000
Interest Rate
3.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 16, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$801,950
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 21, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$801,950
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 7, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.17%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$3,112,000 Ticor Title Company
-- None Available
$2,000,000 Fidelity National Title Co
-- None Available
-- Tsi Title
-- None Available
-- None Available
$1,300,000 Lawyers Title
-- Fidelity National Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $700,000
Previous Owner $100,000
Previous Owner $1,400,000
Previous Owner $869,000
Previous Owner $801,950
Previous Owner $400,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $35,571 $3,237,724 $2,655,100 $582,624
2025 $34,894 $3,174,240 $2,603,040 $571,200
2024 $34,894 $3,112,000 $2,552,000 $560,000
2023 $23,799 $2,144,402 $1,758,410 $385,992
2022 $23,440 $2,102,356 $1,723,932 $378,424
2021 $23,532 $2,061,134 $1,690,130 $371,004
2020 $22,803 $2,040,000 $1,672,800 $367,200
2019 $14,423 $1,300,000 $941,000 $359,000
2018 $14,554 $1,300,000 $941,000 $359,000
2017 $12,343 $1,100,000 $797,000 $303,000
2016 $11,081 $1,000,000 $725,000 $275,000
2015 $10,921 $1,000,000 $725,000 $275,000
2014 $10,706 $1,000,000 $725,000 $275,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 230018932

San Diego MLS
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