$2,100,000
SOLD DEC 31, 2025
9 Beds
5 Baths
3,080 Sq Ft
4,808 Sq Ft Lot

Recently Sold

$682 Per Sq Ft

12% Below List Price

158 Days on Market

About This Home

As of December 2025

Prime Oceanside Investment Opportunity – This 6-unit apartment complex is ideally located west of the 5 Freeway and less than one mile from the beach, offering walkable access to Oceanside’s vibrant coastal lifestyle. The property features a grassy front yard, community laundry, and a total of five garage spaces, including two 2-car garages and one single-car garage. With significant upside potential through interior renovations, there’s ample room to increase rents and enhance overall performance. Strong tenant demand and ongoing area development make this a compelling value-add asset for investors seeking both long-term appreciation and immediate gains through strategic upgrades. Don’t miss this rare chance to own in one of Southern California’s most desirable coastal markets.

Last Agent to Sell the Property

Daren Preece

Compass License #02045030 Listed on: 05/28/2025

Compass

Last Buyer's Agent

Alexander Kohl

South Coast Commercial, Inc. License #02024212

South Coast Commercial, Inc.

Property Details

Home Type

  • Multi-Family

Lot Details

  • 4,808 Sq Ft Lot
  • Partially Fenced Property
  • Wood Fence

Parking

  • 4 Car Garage

Home Design

  • Composition Roof

Interior Spaces

  • 9 Bedrooms
  • 2-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window

Community Details

  • 6 Units
  • 5 Leased Units

Listing and Financial Details

  • Total Actual Rent $9,068

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Unit Levels: 2 Story
  • Property Sub Type: Com-Res Income
  • Community Features: None
  • CapRate: 2.3
  • Co List Office Mls Id: 8355
  • Structure Type: Apartment
  • FeedTypes: IDX
  • RFModificationTimestamp: 2026-01-01T01:44:44Z
  • FullAddress: 109 S Horne St
  • NumofLeasedApartments: 5
  • ShortSale: No
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 9
  • Flooring: Slab

Exterior Features

  • Roof: Composition
  • Construction Type: Auto Front Sprinklers, Part Fenced, Part Landscaped, Wood Fence

Garage/Parking

  • Parking Features: Garages, Other/Remarks
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Wall/Window
  • Heating: Other/Remarks
  • Laundry Features: Owned

Lot Info

  • Zoning: R-3:RESTRI
  • Lot Size Sq Ft: 4808.0

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 6
  • Total Actual Rent: 9068.0
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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
12/31/2025 12/31/25 Sold $2,100,000 -4.3% $682 / Sq Ft
11/02/2025 11/02/25 Pending -- -- --
09/22/2025 09/22/25 Price Changed $2,195,000 -8.4% $713 / Sq Ft
05/28/2025 05/28/25 For Sale $2,395,000 -- $778 / Sq Ft
Source: San Diego MLS

Tax History

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
2025 $30,331 $2,757,060 $2,112,012 $645,048
2024 $30,331 $2,703,000 $2,070,600 $632,400
2023 $29,397 $2,650,000 $2,030,000 $620,000
2022 $5,857 $518,260 $283,979 $234,281
2021 $5,880 $508,099 $278,411 $229,688
2020 $5,700 $502,890 $275,557 $227,333
2019 $5,536 $493,030 $270,154 $222,876
2018 $5,478 $483,363 $264,857 $218,506
2017 $5,377 $473,886 $259,664 $214,222
2016 $5,202 $464,595 $254,573 $210,022
2015 $5,052 $457,618 $250,750 $206,868
2014 $4,859 $448,655 $245,839 $202,816
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 250028761

San Diego MLS

APN: 147-197-09-00