$2,300,000
SOLD JUN 28, 2024
8 Beds
6 Baths
3,633 Sq Ft
4,922 Sq Ft Lot

Recently Sold

$633 Per Sq Ft

4% Below List Price

53 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • East Facing Home
  • No HOA
  • 6 Car Garage
  • Turnkey

About This Home

As of June 2024

WELL MAINTAINED 5 UNIT BUILDING WEST OF 5 FREEWAY. A BLOCK EAST OF COAST HIGHWAY THE TENANTS ENJOY BEING BLOCKS FROM DOWNTOWN OCEANSIDE, BEACH, SHOPPING, RESTURANTS & MASS TRANSPORTATION . BUILDING CONSIST OF THREE - 2 BEDROOM UNITS AND TWO - 1 BEDROOM UNITS. ALL UNITS HAVE A SEPARATE PRIVATE SINGLE CAR GARAGE. FENCED PRIVATE COMMON PATIO AREA. FRESHLY PAINTED EXTERIOR. PRIDE OF OWNERSHIP. THERE'S ADDITIONAL INCOME FROM A SEPARATE 6TH CAR GARAGE & SELLER OWNED LAUNDRY EQ. RENTS BELOW MARKET WITH GREAT UPSIDE POTENTIAL FOR INCEASES.

Last Agent to Sell the Property

Russell Coats

Horizon Pacific Realty Brokerage Email: russell@horizonpacificrealty.com License #00544028 Listed on: 04/26/2024

Last Buyer's Agent

Leila Rojer

eXp Realty of California Inc License #02185882

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980 | Remodeled

Lot Details

  • 4,922 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • East Facing Home
  • Level Lot

Parking

  • 6 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Side Facing Garage
  • Single Garage Door
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Turnkey
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,633 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Kitchen

  • Electric Oven
  • Gas Cooktop
  • Disposal

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Utilities

  • No Heating
  • Gas Water Heater

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Legal Lot and Block 6 / 33
  • Tax Tract Number 219
  • Assessor Parcel Number 1502030500
  • $90 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Gardener Expense $600
  • Insurance Expense $3,414
  • Maintenance Expense $900
  • Other Expense $65
  • Trash Expense $360
  • Water Sewer Expense $4,200
  • New Taxes Expense $30,000
  • Operating Expense $41,022
  • Gross Income $144,320
  • Net Operating Income $101,298

Property Details

Home Type

Multi-Family

Year Built

Built in 1980 | Remodeled

Lot Details

0

Parking

6

Listing Details

  • Assessments: No
  • CapRate: 4.06
  • Price Per Unit: 479800
  • Property Attached: Yes
  • Road Frontage Type: City Street, Alley
  • View: No
  • Water Sewer Expenses: 4200.00
  • Zoning: R-3:RESTRICTED MULTIPLE
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 1502030500
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 633.09

Exterior Features

  • Direction Faces: East
  • Foundation: Concrete Perimeter
  • Fence: No
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, Garage Faces Rear, Garage Faces Side, Garage - Single Door, Off Street, Private
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Connected
  • Heating: No
  • Laundry: Yes
  • Appliances: Electric Oven, Disposal, Gas Cooktop, Gas Water Heater, Refrigerator
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 360.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Level, Near Public Transit
  • Lot Size Sq Ft: 4922.00
  • Lot Size Acres: 0.1130

Rental Info

  • Garage Rental Rate: 250.00

Multi Family

  • Electric Expense: 600.00
  • Garage Income: 3000.00
  • Gross Income: 144320.00
  • Gross Operating Income: 142320.00
  • Gross Scheduled Income: 142320.00
  • Insurance Expense: 3414.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 2400.00
  • Lot Size Area: 4922.0000 Square Feet
  • Maintenance Expense: 900.00
  • Net Operating Income: 101298.00
  • Number Of Rented Garages: 1
  • 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: 5
  • Number With Dishwasher: 4
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 41022.00
  • Other Expense: 65.00
  • Rent Control: No
  • Total Actual Rent: 142232.00
  • Total Expenses: 41022.00

Tax Info

  • New Taxes Expense: 30000.00
  • Tax Block: 33
  • Tax Lot: 6
  • Tax Tract Number: 000219
  • TaxOtherAnnualAssessmentAmount: 90.10

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
03/10/2025 03/10/25 Price Changed $3,300 0.0% --
03/09/2025 03/09/25 For Rent $3,300 0.0% --
06/28/2024 06/28/24 Sold $2,300,000 -4.1% $633 / Sq Ft
06/18/2024 06/18/24 Pending -- -- --
06/15/2024 06/15/24 For Sale $2,399,000 0.0% $660 / Sq Ft
06/06/2024 06/06/24 Pending -- -- --
05/28/2024 05/28/24 Price Changed $2,399,000 -4.0% $660 / Sq Ft
04/26/2024 04/26/24 For Sale $2,500,000 -- $688 / 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: NDP2403538

California Regional Multiple Listing Service (CRMLS)

APN: 150-203-05-00