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Key Details
Sold Price $3,112,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 800 sqft
Price per Sqft $3,890
Subdivision Oceanside
MLS Listing ID 230018932
Sold Date 11/07/23
Bedrooms 6
Full Baths 6
HOA Y/N No
Year Built 1962
Property Description
RARE Opportunity. 4 Units - 1 Blck to the Ocean. Long Term Rental Cap Rate 3.75; GRM 17.8. Short Term Rental Cap Rate 8; GRM 9.7. Property is currently being utilized as short term rentals for all units. No STR restrictions in Oceanside. Capitalize day 1 on either market long term rents or maximize profits as STRs. Property also consists of (4) 1 car garages - ADU potential. Value Add. Tait street features (2) 2 bedroom 2 bath cottage style units and (2) 1 bedroom 1 bath upper floor units with ocean views. On site laundry, private courtyard, close to major highways, beaches, shopping, dinning, attractions, and Camp Pendleton. This turnkey property is ideal for investors seeking a low maintenance, highly profitable, beach side investment. OM attached in MLS documents section. Seller open to seller carryback financing
Location
State CA
County San Diego
Community Oceanside
Area Oceanside (92054)
Interior
Heating Natural Gas
Appliance Wall/Gravity
Exterior
Exterior Feature Stucco
Garage Unit1:Attached Unit2:Attached Unit3:Attached Unit4:Attached
Fence Gate
View Ocean
Roof Type Composition
Building
Lot Description Public Street
Story 2
Lot Size Range 4000-7499 SF
Water Meter on Property
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional, Exchange, VA
Space Rent $4,000
Listing Terms Cash, Conventional, Exchange, VA
Financing Cash
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Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscalifornia.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Timothy Austin • Broker Groves, Inc