110 S Freeman Street
Oceanside, CA 92054
0.12 acres | #ND24183483
Description
Prime Investment Opportunity in Oceanside: Mixed-Use Property with Growth Potential
This exceptional mixed-use property offers a rare investment opportunity in Oceanside. It combines commercial and residential units in a rapidly growing area. Perfectly positioned to benefit from the city's ongoing development and rising real estate values, this property presents a diversified income stream and long-term appreciation potential.
Property Highlights:
Mixed-Use Investment: This property features retail and residential units, providing multiple revenue sources and catering to a diverse tenant base.
Prime Location Advantages:
Close to Ocean: Just five blocks from the beach, enhancing the appeal of retail and residential spaces.
Downtown Proximity: Within walking distance to shopping, dining, and entertainment, increasing tenant and customer demand.
Adjacent to 1010 Building: Near a prominent hotel and live-work lofts, which drive foot traffic and support potential rent growth.
Current Financial Performance:
Commercial Units: Two retail spaces currently rented at $1,590 each, with potential for rent adjustments, likely under market value.
Residential Units:
Two-Bedroom Unit: Recently remodeled and available for rent, presenting a fresh opportunity for new tenants.
Beach Cottage: Includes a one-car garage, rented at $2,000, with room for potential rent increases.
Parking: Convenient back alley with four parking spaces.
Investment Growth Opportunities:
Rent Increases: Potential to adjust rents across all units, mainly if current rates are below market.
Appreciation Potential: Oceanside's real estate market has thrived, with property values rising significantly in recent years. Ongoing developments like the 1010 Building and other downtown enhancements are expected to boost property values further.
Future Development Plans: Oceanside’s 2023 Downtown Development initiatives highlight continued growth, projecting increased demand for commercial and residential spaces. This property is well-positioned to benefit from these future enhancements.
Why Invest in Oceanside? Oceanside continues to be one of Southern California’s thriving coastal communities, attracting investors with its favorable market trends, coastal location, and strategic city development plans. The area's investment potential is backed by ongoing growth in commercial and residential sectors, making this property an attractive opportunity for immediate revenue and long-term appreciation
Property Details
- Utility FeaturesElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected
- Lot DescriptionPaved, StreetLevel, Walkstreet
- Property TypeMulti-Family
- Property SubtypeMultiFamily
- Original List Price$2,200,000
- MLS #ND24183483
- MLS #ND24183483
- CountySan Diego
- Cost2200000
- Acres0.1196
- Utility SourcePublic
- Year Built1965
- Stories2
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Marie Jebavy (#ND133115)
Listing Office: The Real Estate Consultants (#ND10947)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
