NOT LISTED FOR SALE
8 Beds
4 Baths
3,570 Sq Ft
5,170 Sq Ft Lot

Last Sold August 12, 2024

Last sale price $1,615,000 $452 Per Sq Ft

10 Days on Market

Highlights

  • Property is near 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
  • Entry on the 1st floor

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 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
  • 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
  • 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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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
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

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 $2,576 $1,615,000 $1,135,000 $480,000
2024 $2,576 $221,594 $83,301 $138,293
2023 $2,496 $212,991 $80,067 $132,924
2022 $2,458 $212,991 $80,067 $132,924
2021 $2,467 $208,816 $78,498 $130,318
2020 $2,394 $206,676 $77,694 $128,982
2019 $2,326 $202,624 $76,171 $126,453
2018 $2,302 $198,652 $74,678 $123,974
2017 $2,260 $194,758 $73,214 $121,544
2016 $2,185 $190,940 $71,779 $119,161
2015 $2,123 $188,073 $70,701 $117,372
2014 $2,045 $184,390 $69,317 $115,073
Source: Public Records

Agents Affiliated with this Home

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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