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901 Hillcrest Pl

Oceanside, CA 92058
  • $2,500,000
  • STATUS: ACTIVE
  • ON SITE: 16 Days
  • ID#: 240010147
$2,500,000
  • 5
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We are pleased to present a great investment opportunity in Oceanside Hills. 901 Hillcrest Place consists of 8 units + 1 unpermitted unit, with 6 of these units being fully renovated and turned. The property consists of 2Bed and 1Bed units, and rests on a spacious 13,000 sq foot lot. Additionally, the property has ease of access to the 76 freeway. Units 1, 2, 3, 4, 5, and 7 have been fully renovated. New Roof in 2020, New Windows 2022, New exterior paint 2022 New exterior concrete, drainage, landscape completed 2023. Unit 5 new landing deck/stairs. Unit 8 new landing deck/stairs. A renovated 5.2% Cap is hard to find anywhere in San Diego County.

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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/150344983
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901 Hillcrest Pl Oceanside, CA 92058

  • Price: $2,500,000
  • Status: ACTIVE
  • On Site: 16 Days
  • ID#: 240010147
5
Beds
4
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Oceanside (92058)
County:
San Diego
Area:
Oceanside (92058)
Property Description
We are pleased to present a great investment opportunity in Oceanside Hills. 901 Hillcrest Place consists of 8 units + 1 unpermitted unit, with 6 of these units being fully renovated and turned. The property consists of 2Bed and 1Bed units, and rests on a spacious 13,000 sq foot lot. Additionally, the property has ease of access to the 76 freeway. Units 1, 2, 3, 4, 5, and 7 have been fully renovated. New Roof in 2020, New Windows 2022, New exterior paint 2022 New exterior concrete, drainage, landscape completed 2023. Unit 5 new landing deck/stairs. Unit 8 new landing deck/stairs. A renovated 5.2% Cap is hard to find anywhere in San Diego County.
Interior Features

Sq Ft Of Improvement 6270

Property Features

Actual Cap Rate 5.2 Actual Gross Operating Income 208731 Actual Gross Scheduled Income 205140.0 Actual Operating Expense 73067 Assumable Finance 0 Buildings 2 Gross Equity 0 Gross Multiplier 12 Have Multifamily Building Mandatory Remarks None Known Market Area Coastal North Motive Want 1031 Exchange Other Income Actual 3591 Projected Cap Rate 6.9 Projected Cash On Cash 4.7 Projected Gross Multiplier 9.9 Projected Gross Operating Inc 249886 Projected Gross Scheduled Inc 235800 Projected Net Income 186244 Projected Operating Expense 73067 Projected Other Income 3700 Short Sale No Unit Number1 1 Unit Number2 3 Unit Number3 5 Unit Rent Total1 2395 Unit Rent Total2 5775 Unit Rent Total3 8895 Unit Rent1 2395 Unit Rent2 1675-2150 Unit Rent3 1620-1895

San Diego MLS logo Listing provided courtesy of Jason Lee of JLM Real Estate Inc.: 858-336-9688. 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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San Diego CA, 92101