Seller's Agent in 2024
Matt Robinson
MD Real Estate, Inc
(858) 361-3159
1 in this area
13 Total Sales
1634 Burroughs St Oceanside, CA 92054
South Oceanside Neighborhood
8
Beds
4
Baths
2,496
Sq Ft
0.28
Acres
Highlights
- Corner Lot
- Wood Siding
- 1-Story Property
- Partially Fenced Property
- West of 5 Freeway
About This Home
As of May 20241634-1638 Burroughs St. & 1633-1637 Moreno St. is a 4-unit property located 0.8 miles from the beach in Oceanside, California. There is approximately 38% upside in rental income. The City of Oceanside is considered one of the strongest rental markets in North San Diego County with great demand for apartment rentals. Historical occupancy in this sub-market is estimated to be approximately 97%-100% and rental rates continue to rise over the years. This neighborhood offers excellent access to the Interstate 5, Interstate 78, and Interstate 15 freeways, which connect to major employment centers in the greater San Diego area. The subject property was built in 1954 and consists of four 2 bedroom/1 bath units that are approximately 624 square feet (2,496 total SF). There are two detached duplex buildings on a large 11,994 SF lot with four garages in total. The property has been professionally managed and well maintained over the years. Residents enjoy private yard spaces, driveway parking, newer dual paned windows, laundry hook ups, being west of Interstate 5, and the 1950's charm. The property also has ADU potential with the large 0.28 AC lot and the garages to expand from. A value add opportunity. Unit square footage is estimated based on the number provided by title and the appraisal. Buyer to verify on their own.
Last Agent to Sell the Property
MD Real Estate, Inc License #01491108 Listed on: 04/13/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1954
Lot Details
- 0.28 Acre Lot
- Partially Fenced Property
- Corner Lot
- Level Lot
- Sprinkler System
Home Design
- Composition Roof
- Wood Siding
Schools
- Oceanside Unified School District Elementary And Middle School
- Oceanside Unified School District High School
Utilities
- Gravity Heating System
- Heating System Uses Natural Gas
- Separate Water Meter
- Gas Water Heater
Additional Features
- 1-Story Property
- West of 5 Freeway
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas/propane
- Assessor Parcel Number 153-152-09-00
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- Net Operating Income $60,393
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/21/2024 05/21/24 | Sold | $2,156,644 | -2.0% | $864 / Sq Ft |
| 04/22/2024 04/22/24 | Pending | -- | -- | -- |
| 04/13/2024 04/13/24 | For Sale | $2,200,000 | -- | $881 / Sq Ft |
Source: San Diego MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Matt Robinson
-
Michelle Jacob
Buyer's Agent in 2024
Michelle Jacob
Compass
(760) 473-8985
1 in this area
5 Total Sales
Map
Source: San Diego MLS
MLS Number: 240007977
APN: 153-152-09-00
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