612 N Freeman St Oceanside, CA 92054
Downtown Oceanside NeighborhoodEstimated payment $11,503/month
Highlights
- Community Barbecue Grill
- 9 Car Garage
- Vinyl Flooring
- Landscaped
About This Home
We are pleased to present 612 N Freeman Street, a well-located, partially rehabilitated five-unit multifamily property in the heart of Oceanside, just six blocks (.4 miles) from the beach. Built in 1978, the property spans approximately 1,962 square feet and sits on a 5,139 square foot lot. The unit mix consists of two 1-bedroom/1-bath units and three studio/1-bath units, offering strong appeal to a diverse tenant base. This value-add asset has already seen targeted renovations. Units 4 and 5 have been updated with new flooring, counters, vanities, light fixtures, and mirrors. Units 2 and 5 received refinished tubs and showers, while unit 2 has also been significantly refreshed. In addition, SB 721 balcony inspections and required repairs have been completed, reducing future deferred maintenance for the new owner. Unit 3 is in need of renovation, offering immediate upside potential. The property features four single-car garages and one double-car garage with additional driveway parking, plus ample storage and onsite laundry. A large covered outdoor lounge area enhances the tenant experience and captures the appeal of the coastal lifestyle. Other upgrades include a new roof with a 10-year warranty, fresh exterior paint, and secured gating for tenant privacy. Leases for Units 1 through 4 are month-to-month, providing operational flexibility and rent upside. With consistent population and rent growth, plus proximity to both San Diego and Orange County, 612 N Freeman Street offers investors a rare opportunity to acquire a well-located coastal asset with immediate upside.
Property Details
Home Type
- Multi-Family
Lot Details
- 5,139 Sq Ft Lot
- Landscaped
Parking
- 9 Car Garage
Home Design
Interior Spaces
- 2 Bedrooms
- 1,962 Sq Ft Home
- 2-Story Property
- Vinyl Flooring
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
Community Details
Overview
- 2 Buildings
- 5 Units
Amenities
- Community Barbecue Grill
Building Details
- 5 Leased Units
- Operating Expense $45,809
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $21,193 | $1,924,740 | $1,623,024 | $301,716 |
| 2024 | $21,193 | $1,887,000 | $1,591,200 | $295,800 |
| 2023 | $20,540 | $1,850,000 | $1,560,000 | $290,000 |
| 2022 | $8,908 | $794,164 | $669,989 | $124,175 |
| 2021 | $8,943 | $778,593 | $656,852 | $121,741 |
| 2020 | $8,667 | $770,610 | $650,117 | $120,493 |
| 2019 | $8,417 | $755,501 | $637,370 | $118,131 |
| 2018 | $8,327 | $740,688 | $624,873 | $115,815 |
| 2017 | $8,175 | $726,166 | $612,621 | $113,545 |
| 2016 | $7,910 | $711,928 | $600,609 | $111,319 |
| 2015 | $7,680 | $701,235 | $591,588 | $109,647 |
| 2014 | $7,384 | $687,500 | $580,000 | $107,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/07/2025 12/07/25 | Off Market | $1,890,000 | -- | -- | |
| 11/30/2025 11/30/25 | Off Market | $1,890,000 | -- | -- | |
| 11/27/2025 11/27/25 | For Sale | $1,890,000 | 0.0% | $963 / Sq Ft | |
| 11/26/2025 11/26/25 | For Sale | $1,890,000 | +2.2% | $963 / Sq Ft | |
| 08/03/2022 08/03/22 | Sold | $1,850,000 | 0.0% | $943 / Sq Ft | View Prior Sale |
| 05/30/2022 05/30/22 | Off Market | $1,850,000 | -- | -- | |
| 05/24/2022 05/24/22 | Pending | -- | -- | -- | |
| 05/24/2022 05/24/22 | For Sale | $1,850,000 | +169.1% | $943 / Sq Ft | |
| 07/10/2013 07/10/13 | Sold | $687,500 | -5.6% | $350 / Sq Ft | View Prior Sale |
| 05/22/2013 05/22/13 | Pending | -- | -- | -- | |
| 05/15/2013 05/15/13 | For Sale | $728,500 | -- | $371 / Sq Ft |
Source: San Diego MLS
MLS Number: 250044740
APN: 147-057-08-00
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