NOT LISTED FOR SALE
5 Beds
4 Baths
2,327 Sq Ft
4,792 Sq Ft

Last Sold August 19, 2021

Last sale price $2,800,000 $1,203 Per Sq Ft

13 Days on Market

Highlights

  • Property has ocean access
  • Fishing
  • Traditional Architecture
  • Golf Course Community
  • Across the Road from Lake or Ocean
  • Wood Flooring

About This Home

As of August 2021

Available for the first time in over 20+ years! With ocean views and located a block away from the beach, this Oceanside fourplex has been well-maintained by the current owner. Formerly a triplex with un-permitted garage conversion. Surrounded by million dollar ocean-front homes. R-4 Zoning allows for many value-add / redevelopment opportunities in a dense area. All tenants are on month-to-month leases. Possibility to live in one unit and rent out the others! The City of Oceanside is rapidly gentrifying and this rental property is conveniently located to nearby shops and amenities! Two garage units are potential ADU conversions for additional cash flow and upside. Situated on a large corner lot and features a rooftop deck with ocean views! This property will go fast! Seller is looking the right buyer who understands the maximum potential of the existing zoning ordinances and long-term upside for the region.

Last Agent to Sell the Property

Edward Weng

eXp Realty of California Inc License #02007124 Listed on: 05/29/2021

eXp Realty of California Inc

Last Buyer's Agent

Kimberlee Simmons

Fathom Realty Group, Inc License #01917444

Fathom Realty Group, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2000

Lot Details

  • 4,791 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Property Attached

Interior Spaces

  • 2,327 Sq Ft Home
  • Entryway
  • Living Room
  • Wood Flooring
  • Laundry Room

Kitchen

  • Gas Oven
  • Electric Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Exterior Lighting

Location

  • Across the Road from Lake or Ocean
  • Urban Location
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block F / 12
  • Tax Tract Number 340
  • Assessor Parcel Number 1503510700

Community Details

Overview

  • 4 Units
  • Property is near a preserve or public land

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Fishing
  • Park
  • Dog Park
  • Water Sports
  • Hiking Trails
  • Bike Trail

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $1,080
  • Gardener Expense $1,688
  • Insurance Expense $1,413
  • Water Sewer Expense $4,608
  • New Taxes Expense $26,491
  • Operating Expense $43,425
  • Gross Income $114,360
  • Net Operating Income $67,504

Property Details

Home Type

Multi-Family

Year Built

Built in 2000

Lot Details

4,791 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 4608.00
  • Zoning: R4
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 1688.00
  • Parcel Number: 1503510700
  • Year Built: 2000
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Price Per Square Foot: 1203.27
  • Room Type: Entry, Laundry, Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Appliances: Electric Range, Gas Oven
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Dog Park, Fishing, Golf, Hiking, Park, Watersports, Preserve/Public Land, Sidewalks, Storm Drains, Street Lights, Suburban, Urban

Lot Info

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4791.00
  • Lot Size Acres: 0.1100

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1080.00
  • Gross Income: 114360.00
  • Gross Scheduled Income: 114360.00
  • Insurance Expense: 1413.00
  • Lot Size Area: 4791.0000 Square Feet
  • Net Operating Income: 67504.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 43425.00
  • Rent Control: Yes
  • Total Actual Rent: 114960.00
  • Total Expenses: 43425.00
  • Waterfront Features: Across the Road from Lake/Ocean, Beach Access, Fishing in Community, Ocean Access

Tax Info

  • New Taxes Expense: 26491.00
  • Tax Block: 12
  • Tax Census Tract: 183.00
  • Tax Lot: F
  • Tax Tract Number: 340
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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
08/19/2021 08/19/21 Sold $2,800,000 +17.2% $1,203 / Sq Ft
05/29/2021 05/29/21 For Sale $2,390,000 -- $1,027 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $33,720 $3,147,841 $2,716,692 $431,149
2024 $33,720 $3,008,120 $2,663,424 $344,696
2023 $31,652 $2,856,000 $2,611,200 $244,800
2022 $31,174 $538,418 $413,038 $125,380
2021 $6,199 $538,418 $413,038 $125,380
2020 $6,008 $532,898 $408,803 $124,095
2019 $5,835 $522,450 $400,788 $121,662
2018 $5,773 $512,207 $392,930 $119,277
2017 $5,667 $502,165 $385,226 $116,939
2016 $5,483 $492,320 $377,673 $114,647
2015 $5,325 $484,925 $372,000 $112,925
2014 $5,120 $475,427 $364,714 $110,713
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS21115462

California Regional Multiple Listing Service (CRMLS)

APN: 150-351-07-00

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