$1,615,000
SOLD AUG 12, 2024

1320 Bush St Oceanside, CA 92058

East Side Capistrano Neighborhood
8 Beds
4 Baths
3,570 Sq Ft
5,170 Sq Ft Lot

Recently Sold

$452 Per Sq Ft

8% Above List Price

10 Days on Market

Highlights

  • Property is near a park
  • Double Pane Windows
  • Level Lot
  • No HOA
  • Laundry Room
  • 3-minute walk to Joseph Balderrama Park

About This Home

As of August 2024

This 4-Plex within one mile of Oceanside's iconic beaches, pier, and boardwalk offers an exceptional investment opportunity. The property features four spacious 2 bed / 1 bath units, each approximately 894 sq ft. Building is well maintained with dual-pane windows throughout, laundry facilities, and 8 parking spaces. One unit has been remodeled with granite countertops and luxury vinyl plank flooring. Walking distance to downtown Oceanside, restaurants, shops, schools, colleges, parks, the beach, and in close proximity to Camp Pendleton, I-5 and HWY 76. This property has significant potential in this vibrant Oceanside community.

Last Agent to Sell the Property

David Thayer

Pacific Sotheby's Int'l Realty Brokerage Email: david@thayercoastalhomes.com License #02074782 Listed on: 07/10/2024

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

David Thayer

Pacific Sotheby's Int'l Realty Brokerage Email: david@thayercoastalhomes.com License #02074782 Listed on: 07/10/2024

Pacific Sotheby's Int'l Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 5,170 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • Quadruplex

Interior Spaces

  • 3,570 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Available
  • Driveway

Additional Features

  • Exterior Lighting
  • Property is near a park
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 23 / 15
  • Tax Tract Number 324
  • Assessor Parcel Number 1480632200
  • $94 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Water Sports

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Electric Expense $900
  • Insurance Expense $1,900
  • Trash Expense $1,860
  • Water Sewer Expense $3,840
  • New Taxes Expense $2,495
  • Operating Expense $10,995
  • Gross Income $85,860
  • Net Operating Income $77,360

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 8.62
  • Price Per Unit: 373750
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 3840.00
  • Zoning: R-3:RESTRICTED MULTIPLE
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 1480632200
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Ground Level
  • Common Walls: 2+ Common Walls
  • Appliances: No
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 452.38
  • Window Features: Double Pane Windows

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Electricity Connected
  • Heating: No
  • Laundry: Yes
  • Electric: Standard
  • Laundry Features: Common Area, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1860.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Watersports

Lot Info

  • Land Lease: No
  • Lot Features: Level with Street, Park Nearby
  • Lot Size Sq Ft: 5170.00
  • Lot Size Acres: 0.1187

Multi Family

  • Electric Expense: 900.00
  • Gross Income: 85860.00
  • Gross Scheduled Income: 84960.00
  • Insurance Expense: 1900.00
  • Lot Size Area: 5170.0000 Square Feet
  • Net Operating Income: 77360.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 8500.00
  • Rent Control: No
  • Total Actual Rent: 7020.00
  • Total Expenses: 10995.00

Tax Info

  • New Taxes Expense: 2495.00
  • Tax Block: 15
  • Tax Lot: 23
  • Tax Tract Number: 000324
  • TaxOtherAnnualAssessmentAmount: 94.34

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Range of Values:

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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
08/12/2024 08/12/24 Sold $1,615,000 +8.0% $452 / Sq Ft
07/20/2024 07/20/24 Pending -- -- --
07/10/2024 07/10/24 For Sale $1,495,000 -- $419 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Thayer

    Seller's Agent in 2024

    David Thayer

    Pacific Sotheby's Int'l Realty

    (858) 342-2330

    2 in this area

    64 Total Sales

    David Thayer
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2406050

California Regional Multiple Listing Service (CRMLS)

APN: 148-063-22-00

California San Diego County Oceanside 92058 East Side Capistrano

1320 Bush St, Oceanside, CA

This home is located at 1320 Bush St, Oceanside, CA 92058 and is currently priced at $1,615,000, approximately $452 per square foot. This property was built in 1963. 1320 Bush St is a home located in San Diego County with nearby schools including Laurel Elementary School, Oceanside High School, and St. Mary Star Of The Sea Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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