1026 S Pacific St - Apartments FOR SALE


Oceanside, CA 92054- Downtown Oceanside
$2,350,000 USD
858-761-2529
1026 S Pacific St, Oceanside, CA for Sale
$2,350,000 USD
Apartments - FOR SALE
1/13
null | 3.87% Cap Rate

1026 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
  • Additional revenue opportunities with ADU conversion potential
  • Ample on-site parking, including private garages for tenants
  • Walking distance to a wide variety of retail, dining, bars, and coffee shops

OVERVIEW

We are pleased to present 1026 South Pacific Street, a 4-unit apartment complex located in the highly desirable coastal neighborhood of Oceanside. The property features three (3) 1-bedroom/ 1-bathroom units and one (1) 2-bedroom/ 1-bathroom unit and four (4) single-car garages, totaling approximately 2,425 rentable square feet. 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

$2,350,000 USD

PRICE/SF

$969 USD /SF

# OF UNITS

4

PRICE/UNIT

$587,500

CAP RATE

3.87%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

-

APN/PARCEL ID

152-071-04-00

ASK ABOUT THIS PROPERTY

Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

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

Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

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