Exceptional investment and development opportunity west of I-5 in coastal Oceanside! Ideal for investors, developers, or short-term rental (STR) hosts. California's SB 9, together with state and local ADU laws, offers the potential for up to four residential units on this property. The existing home is an updated 3-bedroom, 2.5-bath… Read More residence on an approximately 6,000 sq. ft. lot with alley access. Two bedrooms currently generate $3,000/month in rental income, primary suite could yield est $1,800/month more, and completion of approved garage ADU conversion could add another est $1,800/month, for a potential $6,600/month without constructing new building. With construction of new building, total rental revenue is estimated at $216,000 / year. Plans for the additional units, including the approved garage ADU conversion, are completed. Recent improvements to existing house include new roof, HVAC (A/C and heat), en-suite primary bath, Milgard windows, and more. Seller has paid approx $15k to City for increased water capacity and has obtained SDG&E approval for a 400-amp electrical upgrade. Detailed plans and receipts are available. Read Less
Property listed by Goodkind Properties, Robyn Goodkind [email protected]
Listing Snapshot
Days Online
0
Last Updated
Lot Size
0.14 Acres
Year Built
1958
MLS Number
NDP2609687
Additional Details
Building
Built in 1958, 1 building, 1 storey, Entry level: 1, Entry location: Front
Community
Biking, Sidewalks, Urban
Garage
1 spaces
Home Owner's Association
Association Fee: $0
Laundry
LaundryCloset
Lot
0.1365 acres, BackYard, FrontYard
Parking
1 total parking spaces
Pool
None
Sewer
PublicSewer
Taxes
Parcel Number: 1502420800, Lot: 29, Zoning: RS
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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