NOT LISTED FOR SALE
9 Beds
6 Baths
3,700 Sq Ft
5,171 Sq Ft Lot

Last Sold September 29, 2022

Last sale price $2,200,000 $595 Per Sq Ft

11 Days on Market

About This Home

As of September 2022

We're pleased to present 506 N Ditmar; a well maintained, two-story fourplex extremely well located in the heart of Downtown Oceanside. The property consists of one - 1500 sq.ft, 3bed/2.5ba "Owners" unit and three - 2bed/1bath units averaging over 900 sq. ft each. Other amenities include two - double car garages, coin-operated laundry for the tenants, a courtyard and barbecue area and gated entry. The units are large with spacious floorplans and have been well maintained. Rents are extremely under-market providing significant upside for the future owner through rent stabilization or operating the units as vacation rentals to capitalize on the proximity to Downtown Oceanside and Oceanside Pier. Residing just a few blocks from Coast Highway, Downtown the subject property at 506 N Ditmar is truly centrally located in a fast developing pocket of Oceanside. Residents of the property are within short walking distance to some of the regions best restaurants, entertainment venues and city transportation. Notable venues include Oceanside Pier Ampitheater & Civic Center, Oceanside Museum of Art, Stone & Bagby Brewing, Harbor House & Swami's Cafe, Regal Cinema along with several up and coming cuisine and retail venues for tenants to enjoy. The City is also taking active steps to attract businesses and retail venues further gentrifying the region. The subject property would make a great investment opportunity for an investor looking to add a quality asset to their portfolio as the Oceanside region is quickly improving and becoming a destination for both residents and tourists.

Last Agent to Sell the Property

Cameron Ebrahimi

Bridgepoint Realty Inc License #01820290 Listed on: 06/15/2022

Last Buyer's Agent

Alan Hemphill

Dolphin Realty License #00963009

Property Details

Home Type

  • Multi-Family

Year Built

  • 1965

Lot Details

  • 5,171 Sq Ft Lot
  • Gated Home
  • Level Lot

Interior Spaces

  • 2-Story Property

Community Details

  • 4 Units
  • Net Operating Income $33,649

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 147-104-07-00

Property Details

Home Type

Multi-Family

Year Built

1965

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Coastal North
  • Cross Street: Surfrider & Sportfisher
  • Neighborhood: Downtown
  • LP / Sq Ft: 16.08
  • Stories: 2 Story
  • Sale Price List Price: 1.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Gate

Condo/Co-op/Association

  • Community: OCEANSIDE

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Topography: Level
  • Zoning: RH
  • Assessor Parcel Number: 147-104-07-00
  • Estimated Lot Sq Ft: 5171

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 33649
  • Annual Expense Actual: 35260
  • Annual Expense Projected: 35260
  • Gross Rent Multiplier Actual: 31.0
  • Gross Rent Multiplier Projected: 16.1
  • Gross Sched Income Actual: 71040
  • Gross Sched Income Projected: 136800
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 2
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 4
  • Other Income Projected: 300.0

Range of Values:

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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
09/29/2022 09/29/22 Sold $2,200,000 0.0% $595 / Sq Ft
06/27/2022 06/27/22 Pending -- -- --
06/15/2022 06/15/22 For Sale $2,200,000 -- $595 / 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: 220015019

San Diego MLS

APN: 147-104-07-00