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    1430 Dubuque St

    Oceanside, CA 92058
    • $1,649,000
    • STATUS: PENDING
    • ON SITE: 37 days
    • ID#: 210023717
    Pending
    UPDATED: 62 min ago
    $1,649,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Highly upgraded coastal gem located just 1.5 miles to the beach in the highly desirable city of Oceanside, CA (North San Diego County). The apartment offering is comprised of a two-story building with a large common courtyard along with off-street parking in the front and rear of the property. The units are all 1BR/1BA’s and boast new quartz counter-tops, custom back-splash, shaker cabinets, stainless steel appliances, new dual pane vinyl windows, hard surface plank flooring, mini-split A/C units, and much more. The roof on the property was replaced in 2017 and the property has a new hot water heater. Although the units are in excellent condition, the in-place rents are below market and there is additional ‘easy-upside’ through rental increases on renewals and turnovers. The immediate area is predominately a SFR residential neighborhood with a number of recently upgraded homes on Dubuque Street as well as the neighboring streets. The property is also located 1 block from the Joe Balderrama Community Park, which recently underwent a substantial $1.75MM renovation. 1430 Dubuque Street is an excellent investment opportunity for an investor looking for a nicely renovated, efficient and well located apartment property with easy upside potential.

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    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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/120647959
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    1430 Dubuque St Oceanside, CA 92058

    • Price: $1,649,000
    • Status: PENDING
    • Updated: 62 min ago
    • ID#: 210023717
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Oceanside (92058)
    County:
    San Diego
    Area:
    Oceanside (92058)
    Property Description
    Highly upgraded coastal gem located just 1.5 miles to the beach in the highly desirable city of Oceanside, CA (North San Diego County). The apartment offering is comprised of a two-story building with a large common courtyard along with off-street parking in the front and rear of the property. The units are all 1BR/1BA’s and boast new quartz counter-tops, custom back-splash, shaker cabinets, stainless steel appliances, new dual pane vinyl windows, hard surface plank flooring, mini-split A/C units, and much more. The roof on the property was replaced in 2017 and the property has a new hot water heater. Although the units are in excellent condition, the in-place rents are below market and there is additional ‘easy-upside’ through rental increases on renewals and turnovers. The immediate area is predominately a SFR residential neighborhood with a number of recently upgraded homes on Dubuque Street as well as the neighboring streets. The property is also located 1 block from the Joe Balderrama Community Park, which recently underwent a substantial $1.75MM renovation. 1430 Dubuque Street is an excellent investment opportunity for an investor looking for a nicely renovated, efficient and well located apartment property with easy upside potential.
    Exterior Features

    Parking Spaces Roof Other/Remarks

    Interior Features

    Sq Ft Of Improvement 2900 Stories 2 Story

    Property Features

    Actual Cap Rate 4.2 Actual Gross Operating Income 102675 Actual Gross Scheduled Income 105708.0 Actual Operating Expense 33283 Actual Vacancy And Credit Loss 3033 Assumable Finance 0 Gross Equity 0 Gross Multiplier 15.60 Have Na Mandatory Remarks None Known Market Area Coastal North Motive Want Na Projected Cap Rate 5.0 Projected Gross Multiplier 13.81 Projected Gross Operating Inc 116003 Projected Gross Scheduled Inc 119448 Projected Net Income 82053 Projected Operating Expense 33949 Projected Vacancy And Credit Loss 3445 Short Sale No Sq Ft Source Buyer To Verify

    Listing provided courtesy of Colliers International. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
    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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101