619 S Coast Highway

Oceanside, CA 92054 Pending

UPDATED:

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Pending

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25 photos

Listing Price

$1,950,000

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Glen Henderson

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Key Details

Property Type: Com-Res Income

Lot Size: 7,246 Sqft

Purchase Type: For Sale

Listing Status: Pending

MLS Listing ID: 180017457

Type of Financing: Assumable 1st,Cash,Cash to Existing Loan,Exchange Down,Exchange Up,Other/Remarks

Property Description

Do not miss this opportunity to own this rarely available 12 unit apartment complex, located in the rapidly-gentrifying coastal community of Oceanside. 619 S coast highway is just a short walk to the beach and lies on the iconic S Coast Highway 101. The property is comprised of TEN studio units, TWO one-bedroom / one-bath units and ONE shared-room-occupancy unit. Additional rental income is generated from ONE office (operated as a studio) and THREE office/storage spaces. The complex consists of three, one-story wood-frame buildings, with concrete slab foundations totaling 3,486 square feet (per building plans). Recent upgrades include new paint, plumbing in some units, electrical wiring and a new roof on the northern structure. An astute investor can stabilize the property at the higher unit rent levels that are ALREADY BEING ACHIEVED in the upgraded units. Air BNB and VRBO are permitted and have also been successful in the past to maximize cash flow. NEXT DOOR to Bagby Beer Co, and Vital Climbing Gym.

Location

State: CA

County: San Diego

Interior

Heating: Radiant,Wall

Air Conditioning: None

Exterior

Garage: Spaces

Garage Spaces: 7

Exterior Feature: Fully Landscaped

Schools

Elementary Schools: Mission Elementary School,Del Rio Elementary School,Libby Elementary School

Middle Schools: Lincoln Middle School

High Schools: Oceanside High School

School District: Oceanside Unified School District

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Glen HendersonBig Block Realty, Inc

Glen Henderson


Broker Associate CA BRE #01384181

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