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203 S Myers

Oceanside, CA 92054
  • $2,600,000
  • STATUS: ACTIVE
  • ON SITE: 58 Days
  • ID#: 240003762
$2,600,000
  • 1
    BEDS
  • N/A
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Don’t miss these five cottage style units in Coastal Oceanside. The property consists of five (5) detached 1Bed / 1Bath apartment homes and is situated on a 4,615sf lot. With 16% upside in rents, this asset is ready for a reposition to capture market rents. Two blocks to the brand new hotels (Seabird Resort & Mission Pacific Hotel), and three blocks to the Oceanside Pier; this 5-Unit property is primed for growth in one of San Diego’s fastest growing submarkets. In addition the lot is zoned D-5 Allowing for four (4) three-story townhome units with rooftop balconies and Ocean Views.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/147788254
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203 S Myers Oceanside, CA 92054

  • Price: $2,600,000
  • Status: ACTIVE
  • On Site: 58 Days
  • ID#: 240003762
1
Beds
1
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Oceanside (92054)
County:
San Diego
Area:
Oceanside (92054)
Property Description
Don’t miss these five cottage style units in Coastal Oceanside. The property consists of five (5) detached 1Bed / 1Bath apartment homes and is situated on a 4,615sf lot. With 16% upside in rents, this asset is ready for a reposition to capture market rents. Two blocks to the brand new hotels (Seabird Resort & Mission Pacific Hotel), and three blocks to the Oceanside Pier; this 5-Unit property is primed for growth in one of San Diego’s fastest growing submarkets. In addition the lot is zoned D-5 Allowing for four (4) three-story townhome units with rooftop balconies and Ocean Views.
Interior Features

Sq Ft Of Improvement 2462 Unit Furnished1 No

Property Features

Actual Cap Rate 3.61 Actual Gross Operating Income 145800 Actual Gross Scheduled Income 142848.0 Actual Operating Expense 47499 Assumable Finance 0 Buildings 5 Gross Equity 0 Gross Multiplier 17.83 Have Coastal Multifamily Mandatory Remarks None Known Market Area Coastal North Motive Want 1031 Exchange Projected Cap Rate 4.43 Projected Gross Multiplier 15.40 Projected Gross Operating Inc 163717 Projected Gross Scheduled Inc 165000 Projected Net Income 115103 Projected Operating Expense 48613 Short Sale No Unit Number1 5 Unit Rent Total1 11904 Unit Rent1 2381

San Diego MLS logo Listing provided courtesy of Angelo La Bruna of Apartment Realty Group (ARG): 858-247-1095. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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