810 Acacia Ave - Apartments FOR SALE


Oceanside, CA 92058- East Side Capistrano
$1,500,000 USD
619-906-2129
810 Acacia Ave, Oceanside, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/6
null | 3.6% Cap Rate

810 Acacia Ave
Oceanside, CA 92058
East Side Capistrano


HIGHLIGHTS

  • True Value Add Opportunity
  • Close to Downtown Oceanside and the Oceanside Pier
  • Low Density Neighborhood
  • Close to Schools

OVERVIEW

Nestled just under 2 miles from the iconic Oceanside Pier, 810 Acacia Ave offers a prime value-add investment opportunity in the rapidly growing Oceanside market. This 4-unit property, built in 1963, sits on an above grade, raised lot in a low-density residential neighborhood. Featuring a desirable unit mix of spacious 2-bedroom, 1-bath units, the property boasts a concrete slab foundation, a durable pitched roof, and off-street parking in the rear. The property is ideally situated across from Mission Elementary and Jefferson Middle School and provides residents with convenient access to the beach, shopping, transportation, and local schools. Additionally, a dormant laundry room presents an immediate income-generating opportunity for the new owner as well as an amenity for the residents. Current ownership has implemented strategic improvements, including re-routing plumbing out of the slab to prevent costly slab leaks. Starting February 1, 2025, rent increases will go into effect, further boosting cash flow. Ownership has also instituted RUBS (Ratio Utility Billing System) at $150 per unit per month, ensuring efficient utility cost recovery. With an impressive 60% upside potential, this property is a rare find for investors seeking a strong return in one of Southern California's most affordable coastal markets. Located in the thriving city of Oceanside, CA, the area surrounding the property is a hub of activity and opportunity for prospective Office / Office Building investors. With its close proximity to the vibrant San Diego market, investors will find themselves within easy reach of renowned attractions such as the Oceanside Pier and the scenic Oceanside Harbor. Additionally, the area boasts a diverse mix of dining, entertainment, and recreational options, providing an attractive environment for potential tenants. This prime location offers a rare combination of coastal charm and urban convenience, making it an appealing choice for those seeking investment opportunities in the lively Oceanside and San Diego area.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$409 USD /SF

# OF UNITS

4

PRICE/UNIT

$375,000

CAP RATE

3.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R3

APN/PARCEL ID

145-162-07

ASK ABOUT THIS PROPERTY

Gary KaufmanSouth Coast Commercial, Inc.More Info
619-906-2129

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Gary KaufmanSouth Coast Commercial, Inc.More Info
619-906-2129

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.