NOT LISTED FOR SALE

1227 Center Ave Oceanside, CA 92054

Downtown Oceanside Neighborhood
6 Beds
3 Baths
2,400 Sq Ft
1950 Built

Last Sold October 08, 2021

Last sale price $1,100,000 $458 Per Sq Ft

76 Days on Market

Highlights

  • RV Access or Parking
  • Level Lot
  • Gravity Heating System
  • Property is Fully Fenced
  • Wood Siding
  • 1-Story Property

About This Home

As of October 2021

Investors, great location west of I-5 freeway. 3 detached homes in one lot. Old but well maintained, all rented with excellent cash flow potential. Plenty of parking, very good tenants are month to month. This area is improving, just blocks from the beach. Incredible potential. It would be ideal also for a large family that can qualify together. Or live in one and rent the other two.

Last Agent to Sell the Property

Mercedes Moreno

Oceanview Realty License #01342046 Listed on: 06/03/2021

Last Buyer's Agent

Mercedes Moreno

Oceanview Realty License #01342046 Listed on: 06/03/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 7,022 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot

Parking

  • RV Access or Parking

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property

Utilities

  • Gravity Heating System
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 150-141-03-00

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • Net Operating Income $54,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal North
  • Cross Street: S.HORN ST.
  • Neighborhood: out of area
  • Stories: 1 Story
  • Sale Price List Price: 0.92
  • Total Stories: 1
  • Year Built: 1950
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Brick, Wood
  • Fencing: Full
  • Roof: Composition

Garage/Parking

  • Parking for RV: On-Site Parking

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: OCEANSIDE
  • Manager Name: MERCEDES
  • Manager Phone: 760-435-9253

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Public Street
  • Topography: Level
  • Assessor Parcel Number: 150-141-03-00
  • Estimated Lot Sq Ft: 7022

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 54000
  • Annual Expense Actual: 4200
  • Gross Rent Multiplier Actual: 54000.0
  • Gross Sched Income Actual: 59040
  • Gross Sched Income Projected: 72000
  • Number Of Buildings: 3
  • Number Of Furnished Units: 3
  • Number Of Units With Dryers: 3
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Washers: 3

Range of Values:

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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 Change Sq Ft Price
10/08/2021 10/08/21 Sold $1,100,000 -8.3% $458 / Sq Ft
08/19/2021 08/19/21 Pending -- -- --
06/30/2021 06/30/21 For Sale $1,200,000 +9.1% $500 / Sq Ft
06/25/2021 06/25/21 Off Market $1,100,000 -- --
06/16/2021 06/16/21 Price Changed $1,200,000 -14.3% $500 / Sq Ft
06/03/2021 06/03/21 For Sale $1,400,000 -- $583 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Mercedes Moreno

    Oceanview Realty

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Map

Source: San Diego MLS

MLS Number: 210015072

San Diego MLS

California San Diego County Oceanside 92054 Downtown Oceanside

1227 Center Ave, Oceanside, CA

This home is located at 1227 Center Ave, Oceanside, CA 92054 since 03 June 2021. This property was built in 1950. 1227 Center Ave is a home located in San Diego County with nearby schools including South Oceanside Elementary School, Lincoln Middle School, and Oceanside High School.

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