Property Detail

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-deferred.