1303 Bush St - Apartments FOR SALE


Oceanside, CA 92058- East Side Capistrano
$1,200,000 USD
760-450-6837
1303 Bush St, Oceanside, CA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

1303 Bush St
Oceanside, CA 92058
East Side Capistrano


HIGHLIGHTS

  • Rare assemblage of two contiguous R-3/CZ parcels totaling 18,399 SF, offered for the first time in 27 years
  • Development potential for up to 11 total units (7 on the improved lot, 4 on the vacant lot) per City of Oceanside density standards
  • Value-add duplex with two 2BD/1BA units on month-to-month leases, offering immediate upside to market rents
  • Prime coastal location minutes from Downtown Oceanside, the Oceanside Pier, beaches, dining, and shopping

OVERVIEW

Landmark Multifamily is proud to present the opportunity to acquire 1303-1305 Bush Street and the adjoining vacant residential parcel, a rare two-parcel assemblage totaling 18,399 square feet in the heart of Oceanside. Offered for the first time in over 27 years, the offering consists of two contiguous parcels, including a duplex with renovation potential situated on an 11,680 SF lot and an adjacent 6,719 SF vacant residential lot, creating an exceptional value-add and development opportunity in one of North County San Diego's fastest-growing coastal markets. The existing duplex, built in 1958, consists of two 2-bedroom / 1-bathroom units, each approximately 816 square feet. While the property has been well maintained, the interiors offer an excellent opportunity for renovation and rental repositioning. Both tenants are currently on month-to-month leases, providing investors with maximum flexibility to renovate the existing improvements, increase rental income, or pursue a future redevelopment strategy. Additionally, the City recently completed installation of a new sewer line, further enhancing the property's long-term investment appeal.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$519 USD /SF

# OF UNITS

2

PRICE/UNIT

$600,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

R-3

APN/PARCEL ID

148-064-12

ASK ABOUT THIS PROPERTY

Tanner WatkinsLandmark Multifamily And DevelopmentMore Info
760-450-6837

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Tanner WatkinsLandmark Multifamily And DevelopmentMore Info
760-450-6837

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