NOT LISTED FOR SALE
3 Beds
3 Baths
1,500 Sq Ft
4,792 Sq Ft Lot

Last Sold January 27, 2025

Last sale price $1,185,000 $790 Per Sq Ft

87 Days on Market

Highlights

  • Central Air
  • 1-Story Property
  • 2-minute walk to Joseph Balderrama Park
  • Property is Fully Fenced

About This Home

As of January 2025

We are pleased to present 1506-8 Higgins Street. The three-unit complex sits on 0.11-acres and features a unit mix consisting of three (3) one-bedroom / one-bathroom units averaging 500 square feet. 1506-8 Higgins Street will certainly preserve its desirability due to an ideal location relative to the beach. Residents enjoy immediate access to the neighborhood’s most vibrant nightlife, restaurants, boutiques, Oceanside City Beach, and the Oceanside Pier. The apartment’s prime location within proximity to the beach ensures strong demand from both short-term vacationers and long-term renters seeking the coastal lifestyle. The allure of beachside living often translates to higher occupancy rates and the potential for premium rental prices. All three units were recently remodeled in 2024 with new stainless steel appliances, lighting, cabinets, windows, and flooring. The amenities include in-unit washer and dryer and patios with private yards for each unit. The property is also near the heart of a thriving downtown Oceanside steeped in new development. The 9-Block Master Plan (MPA) approved by the Coastal Commission, is only 1.5 miles from 1506-8 Higgins Street. The 9-Block Master Plan (MPA) is designed to assure high quality development for visitor oriented commercial facilities and accommodations. The MPA includes an approximate 283 luxury condominium units, 568 hotel rooms, 136 timeshares, and over 75,000 square feet of retail and commercial space. Oceanside’s Transit Center is also just 2 miles from the property.

Last Agent to Sell the Property

Austin Huffman

Marcus & Millichap License #01981817 Listed on: 10/15/2024

Last Buyer's Agent

Austin Huffman

Marcus & Millichap License #01981817 Listed on: 10/15/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 4,792

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 1-Story Property
  • Property is Fully Fenced
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 1480570800

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Net Operating Income $51,342

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal North
  • Cross Street: E Higgins St
  • Neighborhood: East Side Capistrano
  • Stories: 1 Story
  • Sale Price List Price: 0.99
  • Total Stories: 1
  • Year Built: 1958
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full
  • Roof: Composition

Utilities

  • Cooling: Central Forced Air

Condo/Co-op/Association

  • Community: OCEANSIDE

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 1480570800

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 51342
  • Gross Rent Multiplier Actual: 15.09
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 3
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Dryers: 3
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3
  • Other Income Actual: 3600

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
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 List to Sale Price per Sq Ft
01/27/2025 01/27/25 Sold $1,185,000 -0.8% $790 / Sq Ft
01/11/2025 01/11/25 Pending -- -- --
10/15/2024 10/15/24 For Sale $1,195,000 -- $797 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

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 $4,702 $421,666 $284,348 $137,318
2024 $4,702 $413,399 $278,773 $134,626
2023 $4,557 $405,294 $273,307 $131,987
2022 $3,933 $348,329 $267,949 $80,380
2021 $3,869 $341,500 $262,696 $78,804
2020 $3,750 $337,999 $260,003 $77,996
2019 $3,641 $331,372 $254,905 $76,467
2018 $3,601 $324,875 $249,907 $74,968
2017 $70 $318,506 $245,007 $73,499
2016 $3,418 $312,261 $240,203 $72,058
2015 $3,318 $307,571 $236,595 $70,976
2014 $3,190 $301,547 $231,961 $69,586
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240024470

San Diego MLS