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909 S Cleveland

Oceanside, CA 92054
  • $2,125,000
  • STATUS: ACTIVE
  • ON SITE: 11 Days
  • ID#: 220011258
UPDATED: 216 min ago
$2,125,000
  • 4
    BEDS
  • 0.12
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,304
    SQFT
  • $922
    $/SQFT
Neighborhood:
No
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Description

Pleased to present a pride of ownership Coastal Fourplex in San Diego’s most Northern Beach Town of Oceanside. The property boasts private yards or balconies, garages, and partial ocean views for all units. The property underwent a “to the studs” rehabilitation approximately 15 years ago including a full replumb, new sewer main line, all new electrical, new windows, and the construction of the four car garage. The property possesses significant rental upside upon renovation of existing units. Two units will be delivered vacant, allowing for an ideal owner-occupy investment or immediate renovations to significantly increase rents

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.lajollaagent.com/homes/128542105
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909 S Cleveland Oceanside, CA 92054

  • Price: $2,125,000
  • Status: ACTIVE
  • On Site: 11 Days
  • Updated: 216 min ago
  • ID#: 220011258
4
Beds
4
Baths
0
½ Baths
0.12
Acres
2,304
SQFT
$922
$/SQFT
1963
Built
Neighborhood:
No
County:
San Diego
Area:
Oceanside (92054)
Property Description
Pleased to present a pride of ownership Coastal Fourplex in San Diego’s most Northern Beach Town of Oceanside. The property boasts private yards or balconies, garages, and partial ocean views for all units. The property underwent a “to the studs” rehabilitation approximately 15 years ago including a full replumb, new sewer main line, all new electrical, new windows, and the construction of the four car garage. The property possesses significant rental upside upon renovation of existing units. Two units will be delivered vacant, allowing for an ideal owner-occupy investment or immediate renovations to significantly increase rents
Exterior Features

Exterior Stucco Fencing Partial Parking Garage Spaces Unit1 1 Parking Garage Spaces Unit2 1 Parking Garage Spaces Unit3 1 Parking Garage Spaces Unit4 1 Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Unit4 Exclusive Use Yard Yes Units With Garages 4 Units With Patios 4 View Ocean

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Unit4 Laundry Hook Ups No Units With Cooling 0 Units With Dishwashers 4 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0

Property Features

Actual Cap Rate 2.75 Age Restrictions N/K Annual Expense Actual 35802 Annual Expense Projected 36204 Association ID San Diego Association Of Realtors (Sdar) Buildings 2 Cfd Mello Roos Fee 0.0 Community Oceanside Complex Park No Cross Streets No Gross Rent Multiplier Actual 22.55 Gross Rent Multiplier Project 17.19 Gross Scheduled Income Actual 94248 Gross Scheduled Income Project 119892 Mandatory Remarks None Known Market Area Coastal North Monthly Total Fees 0 Net Operating Income Projected 83688 Other Fees 0.0 Other Income Actual 1200 Projected Cap Rate 3.94 Projected Other Income 3600.0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays Electricity Terms Conventional Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 2500.0 Unit1 Rent Actual 1775.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 2500.0 Unit2 Rent Actual 1755.0 Unit3 Deposit 0 Unit3 Occupied Vacant Unit3 Projected Rent 2500 Unit3 Rent Actual 0.0 Unit4 Deposit 0 Unit4 Occupied Vacant Unit4 Projected Rent 2500 Unit4 Rent Actual 0.0

San Diego MLS logo Listing provided courtesy of Cbre. Listing information © 2022 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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