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Matt Robinson
MD Real Estate, Inc
619-255-3233
1634-1638 Burroughs St. & 1633-1637 Moreno St. is a 4-unit property located 0.8 miles from the beach in Oceanside, California. There is approximately 38% upside in rental income. The City of Oceanside is considered one of the strongest rental markets in North San Diego County with great demand for apartment rentals. Historical occupancy in this sub-market is estimated to be approximately 97%-100% and rental rates continue to rise over the years. This neighborhood offers excellent access to the Interstate 5, Interstate 78, and Interstate 15 freeways, which connect to major employment centers in the greater San Diego area. The subject property was built in 1954 and consists of four 2 bedroom/1 bath units that are approximately 624 square feet (2,496 total SF). There are two detached duplex buildings on a large 11,994 SF lot with four garages in total. The property has been professionally managed and well maintained over the years. Residents enjoy private yard spaces, driveway parking, newer dual paned windows, laundry hook ups, being west of Interstate 5, and the 1950's charm. The property also has ADU potential with the large 0.28 AC lot and the garages to expand from. A value add opportunity. Unit square footage is estimated based on the number provided by title and the appraisal. Buyer to verify on their own.
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Total Baths: 0
Roof : Composition
Property Appliances: Gas Water Heater
None
Air Conditioning
Natural Gas
Has Heating
Year Built: 1954
Roof: Composition
Partial
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.2753
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 11994
Original List Price: 2,200,000
Listing Contract Date: 2024-04-13
Listing Agreement: Exclusive Right To Sell
Parcel Number: 1531520900
Lease Term: Negotiable
Tenant Pays: Cable TV,Electricity,Gas
Source Listing Status: Pending
Source Neighborhood: 92054 - Oceanside
Directions: CrossStreet: Whaley St.
Zoning: RS
Source Property Type: Residential Income
Area: 92054 - Oceanside
Property Age: 70
Year Built Source: Vendor Enhanced
Levels or Stories: One
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1009 S Coast, Oceanside, CA,92054 | $1,598,000 | -- | -- | -- | 7840 Sqft |
3030 Oceanside Boulevar.., Oceanside, CA,92054 | $369,900 | 3 | 2 | 946 | -- |
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 | -- |
3030 Oceanside Boulevar.., Oceanside, CA,92054 | $414,900 | 3 | 2 | 1,420 | -- |
602 N Tremont Street, Oceanside, CA,92054 | $1,899,000 | 4 | 2 | 2,619 | 2499 Sqft |
2527 Ivy Road, Oceanside, CA,92054 | $2,895,000 | 4 | 3 | 3,383 | 16666 Sqft |
2535 Ivy Road, Oceanside, CA,92054 | $2,895,000 | 5 | 4 | 3,658 | 13855 Sqft |
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ByOwner last updated this listing 04/29/2024 @ 15:47
MLS: 240007977SD
LISTED BY: Matt Robinson, MD Real Estate, Inc
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
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.