902 S Pacific St, Oceanside, CA 92054

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Sheila Dadashzadeh

[email protected] +1(858) 375-6785

$2,699,000

Est. payment - /mo

3 Beds

4 Baths

850 SqFt

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UPDATED:

11/18/2024 08:51 PM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 850 sqft

Price per Sqft $3,175

Subdivision Oceanside

MLS Listing ID 240026159

Bedrooms 3

Full Baths 4

HOA Y/N No

Year Built 1937

Property Description

Seller financing available. RT Zoning offering STR Investors significant income potential. 1 unit fully renovated leaving 3 units available for significant value add opportunity.
Located just steps from the ocean, 902 Pacific St offers a unique and secure investment opportunity with remarkable short-term rental (STR) income potential. With RT zoning, this property allows investors to maximize income through flexible short-term rental options in Oceanside?s highly sought-after coastal zone, creating a lucrative opportunity in a fast-appreciating area. The property boasts impressive earning potential, with a projected gross annual income of $314,460 and two units already holding STR licenses. Additionally, three units present an immediate value-add opportunity, allowing for upgrades that can significantly enhance rental revenue and boost the property?s long-term value. With seller financing available, this offering provides added flexibility for qualified buyers, making it accessible to a range of investors. Perfect for those looking to balance lifestyle and income, this property suits investors who want to live in one unit while renting out others to offset mortgage costs. Residents and tenants alike will enjoy the tranquility of coastal living paired with easy access to Oceanside?s vibrant amenities and employment opportunities. Oceanside is experiencing rapid development, contributing to strong rental growth and property value increases. The property?s RT zoning allows for even greater investment potential, with density and development incentives adding further appeal to this prime coastal location. With its strategic location and investment-friendly zoning, 902 Pacific St is an exceptional find in a thriving market.

Location

State CA

County San Diego

Community Oceanside

Area Oceanside (92054)

Building/Complex Name none

Zoning RT

Exterior

Exterior Feature Wood

Fence Partial

Roof Type Composition

Building

Story 2

Lot Size Range 4000-7499 SF

Level or Stories 2 Story

Others

Acceptable Financing Cash, Conventional, Exchange, Seller May Carry

Space Rent $1,950

Listing Terms Cash, Conventional, Exchange, Seller May Carry

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Listed by Joseph D Silva • Stravinsky Holdings, Inc.

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Sheila Dadashzadeh

+1(858) 375-6785

Agent | CA BRE #01835591

Agent CA BRE #01835591

San Diego Communities