$2,300,000
SOLD DEC 20, 2024
6 Beds
4 Baths
2,552 Sq Ft
6,052 Sq Ft Lot

Recently Sold

$901 Per Sq Ft

18% Below List Price

41 Days on Market

Highlights

  • Ocean View
  • Wood Flooring
  • No HOA
  • Waterfront
  • Main Floor Bedroom
  • 3-minute walk to Buccaneer Park

About This Home

As of December 2024

Ocean views from every unit! Located across the street from the beach, this fourplex in South Oceanside offers beachside living with rental income potential. The four units include two 2 bed / 1 bath units and two 1 bed / 1 bath units, each with its own single-car garage and private outdoor space. All four units boast ocean view Trex decks. Recent upgrades include some newly refinished hardwood flooring, newer vinyl sliding glass doors, and select dual-pane windows. The property also includes a shared outdoor area and access to a communal laundry facility. The R3 zoning allows for flexible use and future development opportunities. With ocean views and Buccaneer Beach around the corner, this property is ideally positioned between Downtown Oceanside and Carlsbad Village, in close proximity to the Oceanside pier, dining, shopping, and entertainment. This property offers endless possibilities to enjoy the best of San Diego’s coastal lifestyle.

Last Agent to Sell the Property

David Thayer

Pacific Sotheby's Int'l Realty Brokerage Email: david@thayercoastalhomes.com License #02074782 Listed on: 09/25/2024

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: 09/25/2024

Pacific Sotheby's Int'l Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 6,052 Sq Ft Lot
  • Waterfront
  • Two or More Common Walls

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Quadruplex
  • Entry on the 2nd floor

Interior Spaces

  • 2,552 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Living Room
  • Wood Flooring
  • Ocean Views
  • Laundry Room

Kitchen

  • Gas Oven or Range
  • Gas Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • 4 Bathrooms

Additional Features

  • Balcony
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block P / 3
  • Tax Tract Number 622
  • Assessor Parcel Number 1530920400
  • $94 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Water Sports
  • Hiking Trails
  • Bike Trail

Building Details

  • 3 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Electric Expense $156
  • Insurance Expense $1,435
  • Trash Expense $1,524
  • Water Sewer Expense $2,808
  • Operating Expense $11,259
  • Gross Income $160,800
  • Net Operating Income $149,541

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 5.35
  • Price Per Unit: 623750
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 2808.00
  • Zoning: R-3:RESTRICTED MULTIPLE
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 1530920400
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony
  • Stories: 2
  • Entry Location: Stairs
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Entry Level: 2
  • Price Per Square Foot: 901.25
  • Room Type: Kitchen, Living Room, Main Floor Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Exterior Features: Balcony
  • View: Ocean
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooking, Gas Oven, Gas Range
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1524.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Hiking, Watersports

Lot Info

  • Land Lease: No
  • Lot Features: Waterfront
  • Lot Size Sq Ft: 6052.00
  • Lot Size Acres: 0.1389

Multi Family

  • Average1 Bed Area: 484 Square Feet
  • Average2 Bed Area: 792 Square Feet
  • Electric Expense: 156.00
  • Gross Income: 160800.00
  • Gross Scheduled Income: 160800.00
  • Insurance Expense: 1435.00
  • Laundry Income: 576.00
  • Lot Size Area: 6052.0000 Square Feet
  • Net Operating Income: 149541.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 11259.00
  • Rent Control: No
  • Total Expenses: 11259.00

Tax Info

  • Tax Block: 3
  • Tax Lot: P
  • Tax Tract Number: 000622
  • TaxOtherAnnualAssessmentAmount: 94.34

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
12/20/2024 12/20/24 Sold $2,300,000 -7.8% $901 / Sq Ft
11/07/2024 11/07/24 Price Changed $2,495,000 -10.7% $978 / Sq Ft
11/05/2024 11/05/24 Pending -- -- --
09/25/2024 09/25/24 For Sale $2,795,000 -- $1,095 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2408608

California Regional Multiple Listing Service (CRMLS)