Property listed by Marcus & Millichap, Austin Huffman 818-212-2250
$3,750,000
We are pleased to present 1036 S Pacific Street, a 7-unit apartment complex located in the highly desirable coastal neighborhood of Oceanside. The property features six (6) 1-bedroom/ 1-bathroom units, one (1) 2-bedroom/ 1-bathroom units, and single-car garages, totaling approximately 4,150 rentable square feet. Property is fully occupied,… Read More please do not disturb the tenants. No showings at this time. With Oceanside rents increasing 10.8% year-over-year and vacancy rates at a historic low of 2.0%, this asset presents a compelling value-add opportunity through interior and exterior renovations. Located just 300 feet from the beach, the property is ideally positioned near major employers along the 78 Corridor — including ViaSat, Genentech & Ionis Pharmaceuticals - & benefits from consistent housing demand driven by nearby Camp Pendleton. Residents enjoy a vibrant coastal lifestyle with walkable access to beaches, restaurants, cafes, boutique shopping, and public transit options including Amtrak, Metrolink, and COASTER. This is a rare chance to acquire a well-located, income-producing asset in one of San Diego County’s most dynamic and rapidly growing rental markets. Property is being sold with neighboring 4 unit property at 1026 S Pacific and can be purchased on an individual basis. Each of the two buildings sits on its own parcel with separate utility metering, offering investors flexibility for future financing or partial sale strategies. Property is fully occupied, please do not disturb the tenants. No showings at this time. Please contact listing agent: Austin Ray Huffman (858) 373-3122 [email protected]Read Less
Property listed by Marcus & Millichap, Austin Huffman 818-212-2250
Listing Snapshot
Days Online
1
Last Updated
Property Type
Mixed Use
MLS Number
250034847SD
30 Days Snapshot Of 92054
$1.33M
-13%
(avg) sold price
23
-4%
homes sold
74
-5%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
1 building
Expenses
Operating expense: $82,231
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