NOT LISTED FOR SALE
4 Beds
3 Baths
2,548 Sq Ft
5,153 Sq Ft Lot

Sale Details

Date Sold: May 2, 2025

Last sale price $1,060,000 $416 Per Sq Ft

35 Days on Market

Highlights

  • No HOA
  • No Heating
  • 5-minute walk to Joseph Balderrama Park
  • Park

About This Home

As of May 2025

Prime Investment Opportunity in Oceanside-This triplex offers a fantastic chance to generate income in a prime location near Joseph Balderrama Park and with convenient access to the 5 Freeway. The property features a remodeled downstairs unit with 2 bedrooms and 1 bathroom. The two upstairs units each include 1 bedroom and 1 bathroom. Additional highlights include four garage units with alley access, providing extra income potential as rental storage or parking spaces, and a brand-new electrical panel installed in 2024 for enhanced safety and reliability. Tenants will appreciate the small, fenced front yard for relaxation and the shared on-site laundry room for added convenience.

Last Agent to Sell the Property

Michelle Galeoto

First Team Real Estate Brokerage Email: lamoureux.michelle@gmail.com License #02099366 Listed on: 01/22/2025

First Team Real Estate

Last Buyer's Agent

Sima Mehrazar

Exceptional Realty License #02221387

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 5,153 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 2,548 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Additional Features

  • Exterior Lighting
  • No Heating

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 324
  • Assessor Parcel Number 1480161700
  • $80 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Cable TV Expense $1,680
  • Electric Expense $1,012
  • Insurance Expense $1,358
  • Trash Expense $1,183
  • Water Sewer Expense $5,042
  • New Taxes Expense $15,000
  • Operating Expense $41,247
  • Gross Income $40,800
  • Net Operating Income $76,264

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

5,153 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 3.80
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 5042.00
  • Zoning: R-3: Restricted Multiple
  • Property Type: Residential Income
  • Parcel Number: 1480161700
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 416.01

Exterior Features

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

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1183.00

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5153.00
  • Lot Size Acres: 0.1183

Multi Family

  • Cable TV Expense: 1680.00
  • Electric Expense: 1012.00
  • Gross Income: 40800.00
  • Gross Scheduled Income: 87600.00
  • Insurance Expense: 1358.00
  • Lot Size Area: 5153.0000 Square Feet
  • Net Operating Income: 76264.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 21695.00
  • Rent Control: No
  • Total Expenses: 41247.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Lot: 17
  • Tax Tract Number: 324
  • TaxOtherAnnualAssessmentAmount: 79.52

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

Listed on
Jan 22, 2025
Closed on
Mar 26, 2025
Sold by
Bought by
Seller's Agent
Michelle Galeoto
First Team Real Estate
Buyer's Agent
Sima Mehrazar
Exceptional Realty
List Price
$1,200,000
Sold Price
$1,060,000
Premium/Discount to List
-$140,000
-11.67%
Views
75

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$730,000
Interest Rate
0.0667%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 22, 2025
Closed on
Mar 20, 2025
Sold by
Bought by
Seller's Agent
Michelle Galeoto
First Team Real Estate
Buyer's Agent
Sima Mehrazar
Exceptional Realty
List Price
$1,200,000
Sold Price
$1,060,000
Premium/Discount to List
-$140,000
-11.67%
Views
75

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$730,000
Interest Rate
0.0667%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2021
Sold by
Bought by

Purchase Details

Closed on
Dec 29, 2010
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
$247,500
Interest Rate
0.0474%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 18, 2003
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
$364,000
Interest Rate
0.0426%
Mortgage Type
Commercial
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- Western Resources Title
$1,060,000 Western Resources Title
-- None Available
$330,000 Lawyers Title Sd
$455,000 First American 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
Open $730,000
Previous Owner $203,000
Previous Owner $247,500
Previous Owner $469,000
Previous Owner $364,000
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
05/02/2025 05/02/25 Sold $1,060,000 -11.7% $416 / Sq Ft
02/26/2025 02/26/25 Pending -- -- --
01/22/2025 01/22/25 For Sale $1,200,000 -- $471 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2025 $4,714 $422,777 $166,547 $256,230
2024 $4,714 $414,488 $163,282 $251,206
2023 $4,569 $406,362 $160,081 $246,281
2022 $4,500 $398,395 $156,943 $241,452
2021 $4,517 $390,584 $153,866 $236,718
2020 $4,379 $386,580 $152,289 $234,291
2019 $4,253 $379,001 $149,303 $229,698
2018 $4,209 $371,571 $146,376 $225,195
2017 $4,132 $364,286 $143,506 $220,780
2016 $3,997 $357,144 $140,693 $216,451
2015 $3,882 $351,780 $138,580 $213,200
2014 $3,734 $344,890 $135,866 $209,024
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2500709

California Regional Multiple Listing Service (CRMLS)

APN: 148-016-17-00

Your Personal Tour Guide

Ask me questions while you tour the home.