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211 S Myers

Oceanside, CA 92054
  • $3,200,000
  • STATUS: ACTIVE
  • ON SITE: 58 Days
  • ID#: 240003763
$3,200,000
  • 2
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Don’t miss this six-unit apartment building in Coastal Oceanside. The property is situated on a 4,755sf lot and consists of five (5) 1Bed / 1Bath units, one (1) 1Bed / 1Bath + Den unit, and one (1) Studio. With 30% upside in rents, this asset is primed 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/147788255
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211 S Myers Oceanside, CA 92054

  • Price: $3,200,000
  • Status: ACTIVE
  • On Site: 58 Days
  • ID#: 240003763
2
Beds
3
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Oceanside (92054)
County:
San Diego
Area:
Oceanside (92054)
Property Description
Don’t miss this six-unit apartment building in Coastal Oceanside. The property is situated on a 4,755sf lot and consists of five (5) 1Bed / 1Bath units, one (1) 1Bed / 1Bath + Den unit, and one (1) Studio. With 30% upside in rents, this asset is primed 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 3384 Unit Furnished1 No Unit Furnished2 No Unit Furnished3 No

Property Features

Actual Cap Rate 3.46 Actual Gross Operating Income 167779 Actual Gross Scheduled Income 172968.0 Actual Operating Expense 56956 Assumable Finance 0 Buildings 1 Gross Equity 0 Gross Multiplier 18.50 Have Coastal Multifamily Mandatory Remarks None Known Market Area Coastal North Motive Want 1031 Exchange Projected Gross Operating Inc 218250 Projected Gross Scheduled Inc 225000 Projected Net Income 158771 Projected Operating Expense 59479 Short Sale No Unit Number1 5 Unit Number2 1 Unit Number3 1 Unit Rent Total1 10335 Unit Rent Total2 2079 Unit Rent Total3 2000 Unit Rent1 2067 Unit Rent2 2079 Unit Rent3 2000

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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