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1616 S Pacific Street

Oceanside, CA 92054
  • $3,499,000
  • STATUS: ACTIVE
  • ON SITE: 21 Days
  • ID#: 220011190
UPDATED: 46 min ago
$3,499,000
  • 3
    BEDS
  • 0.14
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Seller may carry a first trust deed at close of escrow. This is a unique opportunity to own a rare piece of California coastal property. South Pacifiic Apartments is an ocean view property located in the flourishing city of Oceanside, which is currently revitalizing its coastal downtown area.  Opportunities for small businesses and trendy restaurants have been booming while the city is also welcoming large-scale projects like the Oceanside Resort, which is the largest new project on the San Diego coastline in the past 20 years! Oceanside is one of the only beach towns that embrace its booming tourism industry while maintaining a down-to-earth, family-friendly atmosphere. It is also rare for a beach town to have so many properties close to the ocean, lining its magnifcent beaches.

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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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/131057315
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1616 S Pacific Street Oceanside, CA 92054

  • Price: $3,499,000
  • Status: ACTIVE
  • On Site: 21 Days
  • Updated: 46 min ago
  • ID#: 220011190
3
Beds
3
Baths
0
½ Baths
0.14
Acres
Neighborhood:
Oceanside (92054)
County:
San Diego
Area:
Oceanside (92054)
Property Description
Seller may carry a first trust deed at close of escrow. This is a unique opportunity to own a rare piece of California coastal property. South Pacifiic Apartments is an ocean view property located in the flourishing city of Oceanside, which is currently revitalizing its coastal downtown area.  Opportunities for small businesses and trendy restaurants have been booming while the city is also welcoming large-scale projects like the Oceanside Resort, which is the largest new project on the San Diego coastline in the past 20 years! Oceanside is one of the only beach towns that embrace its booming tourism industry while maintaining a down-to-earth, family-friendly atmosphere. It is also rare for a beach town to have so many properties close to the ocean, lining its magnifcent beaches.
Exterior Features

Carports 3 Construction Lath/Plaster Parking CarportsGaragesNone Roof CompositionTar & Gravel Units With Garages 3

Interior Features

Sq Ft Of Improvement 2972 Stories 2 Story Unit Furnished1 No Unit Furnished2 o Unit Furnished3 No

Property Features

Actual Cap Rate 1.36 Actual Gross Scheduled Income 121000.0 Actual Operating Expense 44150 Assumable Finance 0 Buildings 2 Flood Zone Hazard Unknown Geological Hazard Zone Hazard Unknown Gross Equity 3499000 Gross Multiplier 24 Have Units Mandatory Remarks None Known Market Area Coastal North Monthly Rent Total 10075 Motive Want Exchange Or Seller Carry Other Income Source Rent Projected Cap Rate 1.97 Short Sale No Sq Ft Source Tax Record Terms CashOwner May Carry 1st Unit Number1 1 Unit Number2 3 Unit Number3 1 Unit Rent Total1 2700 Unit Rent Total2 6000 Unit Rent Total3 1350 Unit Rent1 2700 Unit Rent2 2000 Unit Rent3 1350 Unit Type Apartment

San Diego MLS logo Listing provided courtesy of Acre Investment Real Estate. Listing information © 2022 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 © 2022 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