$1,750,000
SOLD APR 18, 2023
6 Beds
4 Baths
6,745 Sq Ft
1950 Built

Recently Sold

$259 Per Sq Ft

7 Days on Market

Highlights

  • Ocean View
  • Partially Fenced Property
  • Gentle Sloping Lot

About This Home

As of April 2023

Coastal fourplex within a convenient walk to downtown Oceanside, Transit Center, and beach. Peak ocean view. Excellent cash flow at market rental rates. Hardwood flooring and ample off-street parking. Desirable unit mix.

Last Agent to Sell the Property

ray adams

Ray Adams Investment Real Estate Inc License #00989238 Listed on: 03/14/2023

Last Buyer's Agent

Gary Thomas Ward

Gary Thomas Ward, Broker License #01208708

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 5,464 Sq Ft Lot
  • Partially Fenced Property
  • Gentle Sloping Lot

Parking

  • Alley Access

Home Design

  • Rolled or Hot Mop Roof

Interior Spaces

  • 2-Story Property
  • Ocean Views

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 1500630400

Community Details

Overview

  • 4 Units
  • Coastal Community

Building Details

  • Net Operating Income $45,467

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal North
  • Cross Street: Topeka
  • Neighborhood: Downtown Oceanside
  • LP / Sq Ft: 25.05
  • Stories: 2 Story
  • Sale Price List Price: 1.0
  • Total Stories: 2
  • Year Built: 1950
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Prkng Non Garage Spac U3: 2
  • Prkng Non Garage Spac U4: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Partial
  • Roof: Rolled/Hot Mop
  • View: Ocean

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: Coastal
  • Community: OCEANSIDE

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Curbs, Public Street
  • Topography: Slope Gentle
  • Zoning: RH-U
  • Assessor Parcel Number: 1500630400
  • Estimated Lot Sq Ft: 5464

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 45467
  • Annual Expense Actual: 36886
  • Annual Expense Projected: 38169
  • Gross Rent Multiplier Actual: 20.6
  • Gross Rent Multiplier Projected: 15.7
  • Gross Sched Income Actual: 84900
  • Gross Sched Income Projected: 111360
  • Number Of Buildings: 1
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Actual: 500
  • Other Income Projected: 500.0

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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
04/18/2023 04/18/23 Sold $1,750,000 0.0% $259 / Sq Ft
03/22/2023 03/22/23 Pending -- -- --
03/14/2023 03/14/23 For Sale $1,750,000 -- $259 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 230004774

San Diego MLS

APN: 150-063-04-00