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.