1026-1036 S Pacific St - Apartments FOR SALE


Oceanside, CA 92054- Downtown Oceanside
$6,250,000 USD
858-761-2529
1026-1036 S Pacific St, Oceanside, CA for Sale
$6,250,000 USD
Apartments - FOR SALE
1/9
null | 3.35% Cap Rate

1026-1036 S Pacific St
Oceanside, CA 92054
Downtown Oceanside


HIGHLIGHTS

  • Excellent value-add opportunity with strong upside potential
  • Prime coastal location just steps from the Pacific Ocean
  • Attractive unit mix featuring one- and two-bedroom layouts
  • Ample on-site parking, including private garages for tenants
  • Situated on two contiguous parcels, offering flexible sale & financing strategies
  • Property to be sold with ADU plans to add two (2) two-bedroom units

OVERVIEW

We are pleased to present 1026–1036 S Pacific Street, an 11-unit apartment complex located in the highly desirable coastal neighborhood of Oceanside. The property features nine (9) 1-bedroom/ 1-bathroom units, two (2) 2-bedroom/ 1-bathroom units, and eleven (11) single-car garages, totaling approximately 6,575 rentable square feet. Each of the two buildings sits on its own parcel with separate utility metering, offering investors flexibility for future financing or partial sale strategies. With Oceanside rents increasing 10.8% year-over-year and vacancy rates at a historic low of 2.0%, this asset presents a compelling value-add opportunity through interior and exterior renovations. Located just 300 feet from the beach, the property is ideally positioned near major employers along the 78 Corridor — including ViaSat, Genentech & Ionis Pharmaceuticals - & benefits from consistent housing demand driven by nearby Camp Pendleton. Residents enjoy a vibrant coastal lifestyle with walkable access to beaches, restaurants, cafes, boutique shopping, and public transit options including Amtrak, Metrolink, and COASTER. This is a rare chance to acquire a well-located, income-producing asset in one of San Diego County’s most dynamic and rapidly growing rental markets.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$833 USD /SF

# OF UNITS

11

PRICE/UNIT

$568,182

CAP RATE

3.35%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,414 SF

ZONING

R4

APN/PARCEL ID

152-071-04,152-071-05

ASK ABOUT THIS PROPERTY

Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

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Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.