221 S Nevada St - Apartments FOR SALE


Oceanside, CA 92054- Downtown Oceanside
$9,500,000 USD
858-436-6541
221 S Nevada St, Oceanside, CA for Sale
$9,500,000 USD
Apartments - FOR SALE
1/18
null | 4.36% Cap Rate

221 S Nevada St
Oceanside, CA 92054
Downtown Oceanside


HIGHLIGHTS

  • Fully renovated late 2025
  • Mostly 2 bedroom townhomes
  • 12 garages
  • In-unit washer/dryers
  • Strong in-place income
  • Desirable beach neighborhood

OVERVIEW

Offered for sale is a premier residential multifamily investment in the vibrant downtown coastal community of Oceanside, California. This turn-key property features a highly desirable beach-close location and an attractive unit mix consisting primarily of spacious two-bedroom townhouse-style units, many with private garages. The property has undergone a complete high-end renovation, including new luxury vinyl plank flooring throughout, stunning quartz countertops, designer cabinetry, fully updated bathrooms, and fresh interior and exterior paint. Now fully stabilized at 100% occupancy with strong performing rents, this asset is in pristine condition—eliminating immediate capex needs and positioning it as a low-maintenance, high appeal investment. The exceptional coastal location, premium renovations, desirable unit mix, and stable cash flow combine to make this a standout opportunity in a thriving market. The El Jugador Townhomes boast an outstanding "Walker's Paradise" rating with a Walk Score of 92. Residents enjoy a short four-block stroll to the Oceanside Transit Center, providing convenient bus service to nearby communities; Sprinter Rail to Escondido (including CSU San Marcos); Coaster service to downtown San Diego; and Amtrak connections to Orange County and Los Angeles. Downtown Oceanside—offering an array of dining, shopping, and nightlife—is easily walk-able, making it a popular destination for millennials. The wide sandy beaches, iconic pier, and harbor are just six blocks away, accessible on foot or by bike. Oceanside continues to surge in popularity among Southern California beach enthusiasts, with its sandy shores, vibrant downtown, and abundant outdoor activities including volleyball, sailing, surfing, running, biking, and golf. Ongoing new housing and hotel developments are enhancing the neighborhood, driving excitement and supporting strong long-term appreciation in this proven beach enclave.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$695 USD /SF

# OF UNITS

15

PRICE/UNIT

$633,333

CAP RATE

4.36%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

El Jugador

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,488 SF

ZONING

R3, Oceanside

APN/PARCEL ID

150-053-24

ASK ABOUT THIS PROPERTY

Clark RorbachKidder MathewsMore Info
858-436-6541

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Clark RorbachKidder MathewsMore Info
858-436-6541

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