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612 N Freeman St.

Oceanside, CA 92054
  • $1,975,000
  • STATUS: ACTIVE
  • ON SITE: 44 Days
  • ID#: 210029460
UPDATED: 44 min ago
$1,975,000
  • 2
    BEDS
  • 0.12
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Pleased to present 612 N Freeman Street, a meticulously maintained 5 unit multifamily property located in Oceanside. This property was built in 1978 and is located only 6 blocks or .4 miles to the beach. The building is 1,962 square feet situated on a 5,139 square foot lot. The unit mix consists of two 1 Bed/1Bath units and three Studio/1Bath units. There are 4 single-car garages and 1 double-car garage with driveway space. All of the units have been partially renovated and meticulously maintained. The building benefits from plenty of storage space and onsite laundry. The property has a large covered lounge area for occupants to enjoy the coastal weather. Upgrades to the property include a new roof with a 10-year warranty, recent painting of the exterior, and gating for tenant privacy. See Offering Memorandum for details. Property will be shown upon accepted offer. DO NOT WALK ON PROPERTY OR DISTURB TENANTS.

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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/122648717
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612 N Freeman St. Oceanside, CA 92054

  • Price: $1,975,000
  • Status: ACTIVE
  • On Site: 44 Days
  • Updated: 44 min ago
  • ID#: 210029460
2
Beds
5
Baths
0
½ Baths
0.12
Acres
Neighborhood:
Oceanside (92054)
County:
San Diego
Area:
Oceanside (92054)
Property Description
Pleased to present 612 N Freeman Street, a meticulously maintained 5 unit multifamily property located in Oceanside. This property was built in 1978 and is located only 6 blocks or .4 miles to the beach. The building is 1,962 square feet situated on a 5,139 square foot lot. The unit mix consists of two 1 Bed/1Bath units and three Studio/1Bath units. There are 4 single-car garages and 1 double-car garage with driveway space. All of the units have been partially renovated and meticulously maintained. The building benefits from plenty of storage space and onsite laundry. The property has a large covered lounge area for occupants to enjoy the coastal weather. Upgrades to the property include a new roof with a 10-year warranty, recent painting of the exterior, and gating for tenant privacy. See Offering Memorandum for details. Property will be shown upon accepted offer. DO NOT WALK ON PROPERTY OR DISTURB TENANTS.
Exterior Features

Construction Stucco Exterior Fully LandscapedMetal Fence Parking GaragesSpaces Parking Spaces Total 8 Roof Composition Units With Garages 5

Interior Features

Floor Coverings Vinyl Laundry Owned Sq Ft Of Improvement 0

Property Features

Actual Cap Rate 1.7 Actual Gross Scheduled Income 74340.0 Actual Operating Expense 39067 Assumable Finance 0 Buildings 2 Gross Equity 1575000 Gross Multiplier 26.57 Have 0 Leased Apartments 5 Mandatory Remarks None Known Market Area Coastal North Motive Want Cash Out Projected Cap Rate 4.34 Projected Gross Multiplier 17.6 Projected Gross Scheduled Inc 112200 Projected Other Income 18600 Unit Number1 1 Unit Number2 2 Unit Number3 3 Unit Number4 4 Unit Number5 5 Unit Rent1 1405 Unit Rent2 1395 Unit Rent3 970 Unit Rent4 1230 Unit Rent5 1195 Zoning Rh

Listing provided courtesy of Marcus & Millichap. 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