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Prime Investment Opportunity in Oceanside: Mixed-Use Property with Growth PotentialThis exceptional mixed-use property offers a rare investment opportunity in Oceanside. It combines commercial and residential units in a rapidly growing area. Perfectly positioned to benefit from the city's ongoing development and rising real estate values, this property presents a diversified income stream and long-term appreciation potential.Property Highlights:Mixed-Use Investment: This property features retail and residential units, providing multiple revenue sources and catering to a diverse tenant base.Prime Location Advantages:Close to Ocean: Just five blocks from the beach, enhancing the appeal of retail and residential spaces.Downtown Proximity: Within walking distance to shopping, dining, and entertainment, increasing tenant and customer demand.Adjacent to 1010 Building: Near a prominent hotel and live-work lofts, which drive foot traffic and support potential rent growth.Current Financial Performance:Commercial Units: Two retail spaces currently rented at $1,590 each, with potential for rent adjustments, likely under market value.Residential Units:Two-Bedroom Unit: Recently remodeled and available for rent, presenting a fresh opportunity for new tenants.Beach Cottage: Includes a one-car garage, rented at $2,000, with room for potential rent increases.Parking: Convenient back alley with four parking spaces.Investment Growth Opportunities:Rent Increases: Potential to adjust rents across all units, mainly if current rates are below market.Appreciation Potential: Oceanside's real estate market has thrived, with property values rising significantly in recent years. Ongoing developments like the 1010 Building and other downtown enhancements are expected to boost property values further.Future Development Plans: Oceanside’s 2023 Downtown Development initiatives highlight continued growth, projecting increased demand for commercial and residential spaces. This property is well-positioned to benefit from these future enhancements.Why Invest in Oceanside? Oceanside continues to be one of Southern California’s thriving coastal communities, attracting investors with its favorable market trends, coastal location, and strategic city development plans. The area's investment potential is backed by ongoing growth in commercial and residential sectors, making this property an attractive opportunity for immediate revenue and long-term appreciation
Property Type(s):
Residential Income
| Last Updated | 10/8/2024 | Tract | Oceanside |
|---|---|---|---|
| Year Built | 1965 | Community | Oceanside |
| Garage Spaces | 1.0 | County | San Diego |
Additional Details
| AIR | None |
|---|---|
| AREA | Oceanside |
| CONSTRUCTION | Drywall |
| GARAGE | Assigned, Garage, One Space, Yes |
| HEAT | Space Heater |
| HOA DUES | 0 |
| LOT | 5209 sq ft |
| LOT DESCRIPTION | Near Public Transit, Paved, Rectangular Lot, Walkstreet |
| PARKING | Assigned,Garage,One Space |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | Oceanside |
| UTILITIES | Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected, Electric: Electricity - On Property |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | C |
Location
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The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2024.
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