619 S Coast Highway

  • Oceanside

  • $1,950,000
  • Acres
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Commercial Sale Details

Description & Essential
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. Amenities: BBQ
Essential
MLS #180017457
Sub-TypeCommercial/Residential
CountySan Diego
StateCA
StatusPending
Number Of Buildings3
Listing BrokerageSouth Coast Commercial, Inc.
Listing AgentAlexio Barbara
Listing Agent BRE #01992393

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Based on information from California Regional Multiple Listing Service, Inc. as of Tuesday, September 4, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.