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1037 S Cleveland

Oceanside, CA 92054
  • $10,250,000
  • STATUS: ACTIVE
  • ON SITE: 58 Days
  • ID#: 240000527
UPDATED: 38 min ago
$10,250,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We proudly introduce Ocean Breeze Apartment Homes, situated in the highly sought-after rental market of South Oceanside, California. Ocean Breeze offers a collection of fourteen (14) spacious apartments, including three-bedroom, two bedroom, and one-bedroom homes. Each unit is generously sized and equipped with modern amenities, such as quartz countertops, stainless steel appliances, washers & dryers, subway tile backsplashes, custom cabinets, wood-style flooring, oversized sinks, ocean-view balconies, dishwashers, A/C, fireplaces in select units, gas stoves, linen cabinets, and ample storage space in large closets. The ten original units underwent an extensive transformation, being stripped down to the studs and completely remodeled. In 2023, four new units were added, accompanied by the installation of a new exterior metal staircase. The property's exterior received a fresh coat of paint, complemented by the addition of a captivating mural. Parking options include covered and open spaces, all secured by an electronic gate for enhanced safety. Additionally, the property features an electronic security entrance system.

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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.sellsandiego.com/homes/146452958
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1037 S Cleveland Oceanside, CA 92054

  • Price: $10,250,000
  • Status: ACTIVE
  • On Site: 58 Days
  • Updated: 38 min ago
  • ID#: 240000527
0
Beds
0
Baths
0
½ Baths
0.24
Acres
Neighborhood:
Oceanside (92054)
County:
San Diego
Area:
Oceanside (92054)
Property Description
We proudly introduce Ocean Breeze Apartment Homes, situated in the highly sought-after rental market of South Oceanside, California. Ocean Breeze offers a collection of fourteen (14) spacious apartments, including three-bedroom, two bedroom, and one-bedroom homes. Each unit is generously sized and equipped with modern amenities, such as quartz countertops, stainless steel appliances, washers & dryers, subway tile backsplashes, custom cabinets, wood-style flooring, oversized sinks, ocean-view balconies, dishwashers, A/C, fireplaces in select units, gas stoves, linen cabinets, and ample storage space in large closets. The ten original units underwent an extensive transformation, being stripped down to the studs and completely remodeled. In 2023, four new units were added, accompanied by the installation of a new exterior metal staircase. The property's exterior received a fresh coat of paint, complemented by the addition of a captivating mural. Parking options include covered and open spaces, all secured by an electronic gate for enhanced safety. Additionally, the property features an electronic security entrance system.
Exterior Features

Carports 0 Construction BlockDrywallFrameStucco Exterior All Auto SprinklersBlock FenceCable AvailableFully LandscapedMetal Fence Parking CarportsSpaces Parking Spaces Total 14 Roof Composition Units With Garages 0

Interior Features

Cooling Central Forced Air Elec Floor Coverings HardwoodTileWall to Wall Carpet Floors SlabWood Heating Central Forced Air Gas Laundry Owned Sq Ft Of Improvement 11144 Stories 3 Story Units With Dishwashers 14 Units With Disposals 14 Units With Drapes 14 Units With Ranges 14 Units With Refrigerators 14

Property Features

Actual Cap Rate 4.22 Actual Gross Scheduled Income 587220.0 Actual Operating Expense 186474 Assumable Finance 0 Buildings 2 Complex Features BBQCTV Avail Existing Financing Clear Financial Information Source Owner Fiscal Year From 23 Fiscal Year To 24 Flood Zone Hazard Unknown Geological Hazard Zone Hazard Unknown Gross Equity 10250000 Gross Multiplier 16 Have Units Leased Apartments 14 Mandatory Remarks None Known Market Area Coastal North Monthly Rent Total 49135 Motive Want Exchange Other Income Actual 48294 Other Income Amount 48294 Other Income Source RUBS/Fees Short Sale No Sq Ft Source Buyer to Verify Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water Y Terms CashCash to New Loan Unit Type Apartment Zoning R-4

San Diego MLS logo Listing provided courtesy of Craig Stewart of Acre Investment Real Estate: 760-809-3626. 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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