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151 S Myers

Oceanside, CA 92054
  • $6,600,000
  • STATUS: ACTIVE
  • ON SITE: 59 Days
  • ID#: 240003778
$6,600,000
  • 3
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Don’t miss this 14-unit apartment complex in Coastal Oceanside. The property is situated on a 9,437sf lot and consists of ten (10) 1Bed / 1Bath units, one (2) 2Bed / 1Bath, and two (2) Studios. With 27% 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 14-Unit complex is primed for growth in one of San Diego’s fastest growing submarkets.

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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/147793580
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151 S Myers Oceanside, CA 92054

  • Price: $6,600,000
  • Status: ACTIVE
  • On Site: 59 Days
  • ID#: 240003778
3
Beds
4
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Oceanside (92054)
County:
San Diego
Area:
Oceanside (92054)
Property Description
Don’t miss this 14-unit apartment complex in Coastal Oceanside. The property is situated on a 9,437sf lot and consists of ten (10) 1Bed / 1Bath units, one (2) 2Bed / 1Bath, and two (2) Studios. With 27% 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 14-Unit complex is primed for growth in one of San Diego’s fastest growing submarkets.
Interior Features

Sq Ft Of Improvement 0 Unit Furnished1 No Unit Furnished2 No Unit Furnished3 No Unit Furnished4 No

Property Features

Actual Cap Rate 3.6 Actual Gross Operating Income 369856 Actual Gross Scheduled Income 367008.0 Actual Operating Expense 121070 Assumable Finance 0 Buildings 1 Gross Equity 0 Gross Multiplier 17.84 Have Coastal Multifamily Mandatory Remarks None Known Market Area Coastal North Motive Want 1031 Exchange Projected Cap Rate 5.0 Projected Gross Operating Inc 469800 Projected Gross Scheduled Inc 466800 Projected Net Income 329788 Projected Operating Expense 125918 Short Sale No Unit Number1 10 Unit Number2 2 Unit Number3 1 Unit Number4 1 Unit Rent Total1 20939 Unit Rent Total2 4645 Unit Rent Total3 2000 Unit Rent1 2094 Unit Rent2 2332 Unit Rent3 2000 Unit Rent4 3000

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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