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1610 S Pacific Street

Oceanside, CA 92054
  • $5,250,000
  • STATUS: Active
  • ON SITE: 22 Days
  • ID#: 24352879
$5,250,000
  • 10
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,648
    SQFT
  • $1,130
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1953
County:

School Ratings & Info

Listing Agent(s): Janet Neman of Kidder Mathews of California, Inc. (858-369-3010) and Angelica Gotzev of Kidder Mathews of California, Inc.(310-312-2800)


Description

An extraordinary 10- unit multifamily property located across the street from Buccaneer Beach in Oceanside, California. The property is positioned in an irreplaceable location on a coastal bluff with 120 ft of ocean view frontage and features sweeping ocean views. SELLER FINANCING IS AVAILABLE. 1610 S Pacific presents the opportunity for an investor to enter a high-demand rental market with the potential to add value through a system renovation program. Originally constructed in 1953, the property features a unit mix of (9) 1+1 and (1) 1+2 units. Over the years, select unit interiors and the exterior have been continuously improved and several major building systems have been replaced. A future investor could complete a deeper renovation with additional amenities such as in-unit washer and dryers and raise rents significantly. There is also potential to convert the attached garage and laundry room to an accessory dwelling unit, thereby increasing the income and number of units for a new owner. (Buyer to confirm ADU potential). The Property is positioned in one of the most sought-after and rapidly developing communities in San Diego. Tenants are in the heart of Oceanside and nearby an array of community amenities, acclaimed restaurants, coffee shops, fitness studios and entertainment venues. Further, the property is walkable to the nearest light rail station, which is served by the NCTD Sprinter and connects riders from Oceanside to Downtown San Diego and beyond. Oceanside is experiencing increased growth and vitality with new businesses, resorts and restaurants opening in the immediate area. 1610 S Pacific provides investors with the opportunity to acquire a well-maintained asset with significant upside potential.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-21T00:28:16.61. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
www.reiferhomes.com/homes/147053745
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1610 S Pacific Street Oceanside, CA 92054

  • Price: $5,250,000
  • Status: Active
  • On Site: 22 Days
  • ID#: 24352879
10
Beds
0
Baths
0
½ Baths
0.27
Acres
4,648
SQFT
$1,130
$/SQFT
1953
Built
Neighborhood:
92054 - Oceanside
County:
San Diego
Area:
92054 - Oceanside
Property Description
An extraordinary 10- unit multifamily property located across the street from Buccaneer Beach in Oceanside, California. The property is positioned in an irreplaceable location on a coastal bluff with 120 ft of ocean view frontage and features sweeping ocean views. SELLER FINANCING IS AVAILABLE. 1610 S Pacific presents the opportunity for an investor to enter a high-demand rental market with the potential to add value through a system renovation program. Originally constructed in 1953, the property features a unit mix of (9) 1+1 and (1) 1+2 units. Over the years, select unit interiors and the exterior have been continuously improved and several major building systems have been replaced. A future investor could complete a deeper renovation with additional amenities such as in-unit washer and dryers and raise rents significantly. There is also potential to convert the attached garage and laundry room to an accessory dwelling unit, thereby increasing the income and number of units for a new owner. (Buyer to confirm ADU potential). The Property is positioned in one of the most sought-after and rapidly developing communities in San Diego. Tenants are in the heart of Oceanside and nearby an array of community amenities, acclaimed restaurants, coffee shops, fitness studios and entertainment venues. Further, the property is walkable to the nearest light rail station, which is served by the NCTD Sprinter and connects riders from Oceanside to Downtown San Diego and beyond. Oceanside is experiencing increased growth and vitality with new businesses, resorts and restaurants opening in the immediate area. 1610 S Pacific provides investors with the opportunity to acquire a well-maintained asset with significant upside potential.
Exterior Features

Parking Total 10

Interior Features

Appliances Refrigerator Cooling None Cooling YN No Heating None Heating YN No

Property Features

Association YN No Cap Rate 2.15 Gross Income 221400 Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 112742 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning RT



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-21T00:28:16.61. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
 
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COMPASS
6930 Indiana Ave, Suite 1
Riverside CA, 92506
Listing Agent(s): Janet Neman of Kidder Mathews of California, Inc. (858-369-3010) and Angelica Gotzev of Kidder Mathews of California, Inc.(310-312-2800)