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619 S Coast Highway | Oceanside, CA 92054

$1,875,000 180017457 Sold

Property Details

  • $1,950,000
  • Commercial Residential Income
  • 180017457
  • 0.17 Acres
  • 179
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  • 12

Property Description

Do not miss this opportunity to own this rarely available 12 unit apartment complex, located in the rapidly-gentrifying coastal community of Oceanside. 619 S coast highway is just a short walk to the beach and lies on the iconic S Coast Highway 101. The property is comprised of TEN studio units, TWO one-bedroom / one-bath units and ONE shared-room-occupancy unit. Additional rental income is generated from ONE office (operated as a studio) and THREE office/storage spaces. The complex consists of three, one-story wood-frame buildings, with concrete slab foundations totaling 3,486 square feet (per building plans). Recent upgrades include new paint, plumbing in some units, electrical wiring and a new roof on the northern structure. An astute investor can stabilize the property at the higher unit rent levels that are ALREADY BEING ACHIEVED in the upgraded units. Air BNB and VRBO are permitted and have also been successful in the past to maximize cash flow. NEXT DOOR to Bagby Beer Co, and Vital Climbing Gym.

Detailed Home Information

  • # of Total Baths: 1.00
  • Sq. Ft.: 7405
  • Acres: 0.17
  • # of Parking Spaces: 7
  • Style: Commercial Residential Income
  • Listing Broker: South Coast Commercial, Inc.
  • Listing Agent: Alexio Barbara