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502-508 N Myers Street

Oceanside, CA 92054
  • $16,250,000 - $17,500,000
  • STATUS: ACTIVE
  • ON SITE: 15 Days
  • ID#: 220000640
UPDATED: 71 min ago
$16,250,000 - $17,500,000
  • 9
    BEDS
  • 0.3
    ACRES
  • 8
    BATHS
  • 2
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Presenting the exclusive opportunity to acquire Crystal Sands, a once-in-a-lifetime opportunity to purchase an irreplaceable luxury asset located in the premier coastal community of Oceanside. Crystal Sands is a newly constructed Class A apartment community, made up of nine luxury apartment homes averaging 2,119 SF. The Property is located a few blocks from the beach, Oceanside Pier, and the area’s most vibrant nightlife, making it an ideal location for the lifestyle tenant. Crystal Sands offers investors the flexibility to operate the Property as market-rate apartments, master lease the Property to one of the nation’s corporate travel companies, implement an Airbnb / short-term rental business model, or initiate selling the apartments as individual, for-sale condominiums, making the Property a truly unparalleled investment opportunity.

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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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/124674389
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502-508 N Myers Street Oceanside, CA 92054

  • Price: $16,250,000 - $17,500,000
  • Status: ACTIVE
  • On Site: 15 Days
  • Updated: 71 min ago
  • ID#: 220000640
9
Beds
8
Baths
2
½ Baths
0.3
Acres
Neighborhood:
Oceanside (92054)
County:
San Diego
Area:
Oceanside (92054)
Property Description
Presenting the exclusive opportunity to acquire Crystal Sands, a once-in-a-lifetime opportunity to purchase an irreplaceable luxury asset located in the premier coastal community of Oceanside. Crystal Sands is a newly constructed Class A apartment community, made up of nine luxury apartment homes averaging 2,119 SF. The Property is located a few blocks from the beach, Oceanside Pier, and the area’s most vibrant nightlife, making it an ideal location for the lifestyle tenant. Crystal Sands offers investors the flexibility to operate the Property as market-rate apartments, master lease the Property to one of the nation’s corporate travel companies, implement an Airbnb / short-term rental business model, or initiate selling the apartments as individual, for-sale condominiums, making the Property a truly unparalleled investment opportunity.
Exterior Features

Construction Stucco Parking Underground Parking Spaces Total 18

Interior Features

Cooling Central Forced Air Elec Floor Coverings Hardwood Floors Wood Heating Central Forced Air Elec Laundry Owned Sq Ft Of Improvement 19075 Stories 3 Story Units With Dishwashers 9 Units With Disposals 9 Units With Drapes 9 Units With Ranges 9 Units With Refrigerators 9

Property Features

Actual Gross Scheduled Income 674657.0 Actual Operating Expense 98957 Assumable Finance 0 Buildings 1 Complex Features Bbq Gross Equity 0 Gross Multiplier 25 Have 9 Units Mandatory Remarks None Known Mandatory Remarks For Value Range Pricing Seller Will Entertain Offers Between 16250000 - 17500000 Market Area Coastal North Motive Want Sale Short Sale No Sq Ft Source Owner Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water Y Unit Number1 6 Unit Number2 1 Unit Number3 2 Unit Type Apartment

Listing provided courtesy of Tyler Sinks, Broker. Listing information © 2022 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 © 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