902 S Pacific St - Apartments FOR SALE


Oceanside, CA 92054
$2,499,000 USD
559-967-5913
902 S Pacific St, Oceanside, CA for Sale
$2,499,000 USD
Apartments - FOR SALE
1/8
null | 4.47% Cap Rate

902 S Pacific St
Oceanside, CA 92054


HIGHLIGHTS

  • Seller Financing Available
  • Unobstructed Ocean Views
  • 4-Unit Value Add Opportunity
  • Significant Short Term Rental Potential

OVERVIEW

Located in Oceanside’s prime coastal zone, 902 Pacific St presents a compelling investment or development opportunity. With RT zoning, this property supports lucrative short-term rentals, projected to generate a gross annual income of $314,460, resulting in a strong cap rate of 7.9%. For long-term rental strategies, the area’s robust market can support gross annual rents of $154,020, offering a stable income with a cap rate of 4.15%. Two units are already STR licensed, while three vacant units offer immediate value-add potential through upgrades. RT zoning allows for multifamily density expansion, maximizing unit count and rental income potential. With Oceanside’s rapid growth and property appreciation, this property is an ideal investment in a high-demand coastal market. Seller financing is available, further enhancing its appeal to investors.

FOR SALE DETAILS

PRICE

$2,499,000 USD

PRICE/SF

$1,058 USD /SF

# OF UNITS

4

PRICE/UNIT

$624,750

CAP RATE

4.47%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1937

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,485 SF

ZONING

RT

APN/PARCEL ID

150-354-01-00

ASK ABOUT THIS PROPERTY

Joseph SilvaKeller Williams Central Coast RealtyMore Info
559-967-5913

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Joseph SilvaKeller Williams Central Coast RealtyMore Info
559-967-5913

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