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$1,649,000
Est. payment /mo
7 Beds
4 Baths
0.25 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Oceanside
MLS Listing ID TR26140980
Bedrooms 7
Lot Size 10,890 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Exceptional investment opportunity just 4.4 miles from the iconic Oceanside Pier and beach a prime corner lot with sweeping city views! Well upgraded 4-unit multifamily property offers a desirable mix of one- and two-bedroom residences across two stories. One-bedroom units average 640 sq ft and two-bedroom units average 903 sq ft. The owner has invested over $200,000 in renovations throughout the years including a newer shingle roof, newly installed all high-efficiency windows, new kitchens, and modern standing showers reflecting true pride of ownership. Each unit has its own space in the upgraded 4-car garage with remote access, a rare and highly desirable amenity. Gas and electric utilities are separately metered per unit, minimizing owner operating expenses and maximizing net income. On-site coin-operated laundry provides a convenient tenant amenity and additional income stream. Four garage spaces are currently included with each unit charging separately at market rate offers additional income potential. Three of four units are occupied by long-term, month-to-month tenants providing immediate income from day one. The one-bedroom unit, previously owner-occupied, is move-in ready perfect for an owner-occupant or to lease at market rate, where two-bedroom units are commanding $2,500$2,600/month. Easy access to vibrant downtown Oceanside, shops, restaurants, the Transit Center, and major freeways. An excellent 1031 exchange candidate ideal for investors upgrading from a residential rental property into an income-producing multifamily and growing their portfolio tax-def
Location
State CA
County San Diego
Zoning Assessor
Direction via N El Camino Real, Head northeast on San Luis Rey Mission Expy, Use the left lane to turn left onto Douglas Dr, Turn left ont
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 1602301400
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
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Listed by Jonathan Minerick, DRE#01523060 Homecoin.com
Nearby School & Business
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