123 S Nevada St - Apartments FOR SALE


Oceanside, CA 92054- Downtown Oceanside
$3,595,000 USD
760-814-0114
123 S Nevada St, Oceanside, CA for Sale
$3,595,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

123 S Nevada St
Oceanside, CA 92054
Downtown Oceanside


HIGHLIGHTS

  • Superior Central Oceanside Location
  • Low Maintenance Property with Rental Upside
  • Possible Value Add Opportunity via ADU conversion of existing garages
  • Well Maintained Property

OVERVIEW

South Coast Commercial is pleased to present Avalon by-the-Sea, an 8-unit multifamily investment opportunity located in the heart of Downtown Oceanside’s Townsite neighborhood. Situated on a 7,152 SF parcel and improved with a 6,028 SF two-story apartment building, the property features a balanced mix of five two-bedroom units and three one-bedroom units. Well-maintained interiors, four highly desirable two-car garages that could potentially be turned into ADUs, and a master-metered utility system with partial RUBS reimbursement already in place provide investors with an attractive combination of stable in-place income and operational upside. Residences feature luxury vinyl plank flooring, upgraded appliances with dishwashers, vinyl windows, forced-air heating, and dual-sink vanities in the two-bedroom units. Additional amenities include a community laundry room with seller owned equipment, and a master-metered utility system with an already implemented RUBS program for partial utility cost recovery. Current ownership has re-routed water lines out of the slab eliminating the potential for slab leaks. The property also benefits from four two-car garages, a highly sought-after amenity in a coastal neighborhood where off-street parking remains limited. The property is thoughtfully designed to appeal to a broad tenant base, from individuals and couples to small families and professionals seeking a coastal lifestyle in one of Southern California’s most desirable rental markets. Minutes from the beach and within walking distance of the Oceanside Pier, South Coast Highway, and the Oceanside Transit Center, the property benefits from exceptional coastal amenities and regional connectivity. Ongoing mixed-use development, public infrastructure improvements, and transit oriented investment continue to strengthen Downtown Oceanside’s growth outlook, positioning Avalon by-the-Sea to benefit from sustained rental demand and long-term value appreciation.

FOR SALE DETAILS

PRICE

$3,595,000 USD

PRICE/SF

$778 USD /SF

# OF UNITS

8

PRICE/UNIT

$449,375

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Avalon by the Sea

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,501 SF

ZONING

CR, Oceanside

APN/PARCEL ID

147-199-04

ASK ABOUT THIS PROPERTY

Gary Kaufman, CCIMSouth Coast Commercial, Inc.More Info
760-814-0114

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Gary Kaufman, CCIMSouth Coast Commercial, Inc.More Info
760-814-0114

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