2036 Canyon Dr - Apartments FOR SALE


Oceanside, CA 92054- Loma Alta
$4,725,000 USD
808-271-5252
2036 Canyon Dr, Oceanside, CA for Sale
$4,725,000 USD
Apartments - FOR SALE
1/10
null | 5.32% Cap Rate

2036 Canyon Dr
Oceanside, CA 92054
Loma Alta


HIGHLIGHTS

  • Underwritten Based on Actual T12 Operations
  • Excellent Unit Mix (All 2BD/2BA Units)
  • 2.0 to 1.0 Parking Ratio (14 Garage & 14 Open)
  • Onsite Laundry Facilities (Landlord Owned)
  • RUBS Currently Enforceable on All Leases

OVERVIEW

CBRE is pleased to present the opportunity to acquire 2036 Canyon Dr, a 14-unit apartment community in Oceanside, California. Comprised entirely of two-bedroom, two-bathroom units, the property offers investors the opportunity to increase revenue through unit upgrades while also benefiting from future ADU development potential. The property is located near Oceanside’s downtown corridor, beaches, and a wide range of retail, dining, and entertainment options, including the Oceanside Pier, The Strand, and Oceanside Harbor. Residents also benefit from convenient access to Interstate 5, Highway 76, and the Oceanside Transit Center, providing connectivity throughout San Diego and Orange Counties. Oceanside continues to attract investment as one of North County’s most active rental markets. The city’s growing employment base, ongoing redevelopment efforts, and relative affordability compared to neighboring coastal communities continue to drive rental demand from professionals, families, and military personnel stationed at nearby Camp Pendleton. 2036 Canyon Dr presents the opportunity to acquire a well-located asset with a desirable unit mix and meaningful upside potential. The property’s large two-bedroom floor plans appeal to a broad tenant base, while the ability to add ADUs provides a clear path to future income growth and increased asset value. The combination of in-place cash flow, value-add potential, and development upside makes this a compelling investment opportunity in one of Southern California’s strongest coastal submarkets.

FOR SALE DETAILS

PRICE

$4,725,000 USD

PRICE/SF

$397 USD /SF

# OF UNITS

14

PRICE/UNIT

$337,500

CAP RATE

5.32%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

R3

APN/PARCEL ID

149-360-13-00

ASK ABOUT THIS PROPERTY

808-271-5252

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808-271-5252

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