$2,200,000
SOLD FEB 24, 2025
6 Beds
6 Baths
2,976 Sq Ft
4,705 Sq Ft Lot

Recently Sold

$739 Per Sq Ft

24% Below List Price

12 Days on Market

Highlights

  • Ocean View
  • Laundry Room
  • Wall Furnace
  • No HOA
  • Bike Trail

About This Home

As of February 2025

6-unit apt bldg with estimated 50% rent upside and substantially greater if utilized as STVRs. One block from Pacific Ocean in the heart of Oceanside's sizzling Coastal and Redevelopment Zones, just steps to world-renowned surfing, iconic historic pier, luxury hotels, award-winning restaurants, fun nightlife, and train station with easy access to San Diego and L.A.. Property has great white-water ocean view opportunities with current view from exterior spaces. All units are 1-bed, 1-bath approximately 500 sf, three have been recently updated, the others updated over the years. Four units are month-to-month; one has 12-month lease til August; one is family occupied. Very strong rental market. Building has gated entrance, dual-pane windows throughout, 3 reserved parking spaces off the alley plus one 1-car garage. Property is zoned R-4. Per City website non-hosted short-term rentals are allowed in the Coastal Zone.

Last Agent to Sell the Property

Robyn Goodkind

Goodkind Properties Brokerage Email: RGoodkind@gmail.com License #01702897 Listed on: 01/21/2025

Last Buyer's Agent

Angelo La Bruna

Apartment Realty Group (ARG) License #01991625

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 4,705 Sq Ft Lot
  • Two or More Common Walls
  • Value in Land

Parking

  • 1 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door
  • Parking Lot
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 2,976 Sq Ft Home
  • 2-Story Property
  • Ocean Views
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for telephone
  • Tax Lot 11/4
  • Tax Tract Number 218
  • Assessor Parcel Number 1500750400
  • $103 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Recreation

  • Water Sports
  • Bike Trail

Building Details

  • 5 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,414
  • Trash Expense $1,350
  • Water Sewer Expense $5,394
  • Operating Expense $61,443
  • Gross Income $108,600
  • Net Operating Income $32,077

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 6.00
  • Price Per Unit: 416650
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 5394.00
  • Zoning: R-4
  • Property Type: Residential Income
  • Parcel Number: 1500750400
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 739.25

Exterior Features

  • View: Ocean
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Garage Faces Rear, Garage - Single Door, On Site, Parking Space
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Trash Expense: 1350.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Urban, Biking, Watersports

Lot Info

  • Land Lease: No
  • Lot Features: Value In Land
  • Lot Size Sq Ft: 4705.00
  • Lot Size Acres: 0.1080

Rental Info

  • Tenant Pays: Telephone

Multi Family

  • Gross Income: 108600.00
  • Gross Scheduled Income: 180000.00
  • Insurance Expense: 1414.00
  • Lot Size Area: 4705.0000 Square Feet
  • Net Operating Income: 32077.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 6
  • Number With Refrigerator: 6
  • Operating Expense: 61443.00
  • Rent Control: No
  • Total Actual Rent: 9050.00
  • Total Expenses: 61443.00

Tax Info

  • Tax Lot: 11/4
  • Tax Tract Number: 000218
  • TaxOtherAnnualAssessmentAmount: 103.22

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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
02/24/2025 02/24/25 Sold $2,200,000 -12.0% $739 / Sq Ft
02/07/2025 02/07/25 Price Changed $2,499,900 -13.5% $840 / Sq Ft
02/02/2025 02/02/25 Pending -- -- --
01/21/2025 01/21/25 For Sale $2,890,000 -- $971 / 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: NDP2500682

California Regional Multiple Listing Service (CRMLS)

APN: 150-075-04-00