Thank you
Tyler Leeson
Marcus & Millichap RE Invest
949-419-3200
Garrison Townhome Apartments is a 46-unit multifamily investment opportunity located in Oceanside, CA. Situated on a spacious 2.19-acre lot, the property offers an attractive mix of one and two-bedroom floor plans across 10 buildings. Units at Garrison Townhome Apartments offer highly desirable features including vinyl and carpet flooring, quartz countertops, stainless steel appliances, shaker-style cabinetry, and more. Each unit at the property features a direct line for laundry machines, an in-demand feature that could help new ownership achieve significant rental premiums. Additionally, each of the 30, two-bedroom units feature two-story townhome construction with a private patio. Garrison Townhome Apartments offers community amenities including tuck-under and surface parking with large storage lockers, a fitness center, and an on-site laundry facility. Since 2018, current ownership has invested more than $1.7 million on comprehensive improvements to both building exteriors and unit interiors. Furthermore, there is the opportunity to further increase cash flow through the conversion of the current leasing office and a portion of the property’s storage spaces into studio accessory dwelling units.
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Water Source : Public
Sewer : Public Sewer
Year Built: 1978
Building Area Total: 38,948
None
Common Area
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 2.19
Lot Size Source: Assessor
Lot Size Square Feet: 95396.4
Original List Price: 14,715,000
Listing Contract Date: 2024-01-18
Listing Agreement: Exclusive Right To Sell
Parcel Number: 1620303400
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 92054 - Oceanside
Postal Code Plus 4: 4717
Directions: Cross Streets of Oceanside Boulevard & El Camino Real
Zoning: C
Source Property Type: Residential Income
Area: 92054 - Oceanside
Property SubType: Apartment
Property Age: 46
Common Walls: No Common Walls
Structure Type: Apartment
Year Built Source: Assessor
Entry Level: 1
Entry Location: First level
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1009 S Coast, Oceanside, CA,92054 | $1,598,000 | -- | -- | -- | 7840 Sqft |
621 N Pacific Street #204, Oceanside, CA,92054 | $5,500 | 2 | 2 | 888 | 15016 Sqft |
1200 S Ditmar St., Oceanside, CA,92054 | $9,500,000 | -- | -- | -- | 116232 Sqft |
999 N Pacific St #G321, Oceanside, CA,92054 | $295,000 | 2 | 2 | 1,157 | -- |
1021 #208 S Cleveland S.., Oceanside, CA,92054 | $789,900 | 1 | 1 | 865 | -- |
910 N Pacific Street #40, Oceanside, CA,92054 | $949,999 | 2 | 2 | 1,226 | 55482 Sqft |
502 S Cleveland, Oceanside, CA,92054 | $4,590,000 | -- | -- | -- | -- |
502 S Cleveland Unit C.., Oceanside, CA,92054 | $2,590,000 | 3 | 3 | 2,385 | -- |
789 Sea Cottage Way, Oceanside, CA,92054 | $1,599,000 | 3 | 3 | 1,801 | 29741 Sqft |
Loma Alta Drive, Oceanside, CA,92054 | $2,800,000 | -- | -- | -- | 164221 Sqft |
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ByOwner last updated this listing 05/14/2024 @ 09:37
MLS: OC24011401
LISTED BY: Tyler Leeson, Marcus & Millichap RE Invest
SOURCE: CRMLS
Buyer Agency Compensation: 1.25%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.