500 N Clementine St - Apartments FOR SALE


Oceanside, CA 92054- Downtown Oceanside
$5,400,000 USD
949-370-1162
500 N Clementine St, Oceanside, CA for Sale
$5,400,000 USD
Apartments - FOR SALE
1/4
null | 4.15% Cap Rate

500 N Clementine St
Oceanside, CA 92054
Downtown Oceanside


HIGHLIGHTS

  • Prime beach-area location in Oceanside’s high-demand west-of-the-5 coastal district.
  • Fully renovated interiors featuring premium finishes, stainless appliances, recessed lighting, and keypad access.
  • Fresh exterior enhancements including a new roof, updated façade, new gates, landscaping, and two-tone paint.
  • Strong tenant appeal with oversized one-bedroom units and the flexibility to convert select units back to two-bedroom layouts.
  • Secure community environment supported by controlled access, private garages for most units, and additional street parking.
  • Situated in a growing coastal submarket with rising incomes, significant gentrification, and continued rental rate momentum.

OVERVIEW

Ocean Breeze Apartments presents a rare opportunity to acquire a fully renovated coastal multifamily asset just six blocks from the ocean in the heart of Oceanside’s rapidly evolving beach district. Comprised of twelve large one-bedroom units and one two-bedroom unit, the property showcases extensive 2022 interior upgrades, a 2025 new roof, upscale finishes, keypad access, and a secured, gated environment. Nearly all units include private garages, and the thoughtful renovation delivers a level of quality exceeding many new construction offerings in the market. Located west of the 5 freeway in a true beach community experiencing sustained gentrification, Ocean Breeze benefits from strong regional demographics, high-earning professional tenants, and upward-trending rental demand. With stabilized cash flow, a proven renovation program, and the potential to reconvert select units back to two-bedroom layouts, this asset offers an exceptional blend of quality, location, and long-term value growth.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$610 USD /SF

# OF UNITS

13

PRICE/UNIT

$415,385

CAP RATE

4.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,001 SF

ZONING

OP

APN/PARCEL ID

147-105-07

ASK ABOUT THIS PROPERTY

Gordon ReeseReese Capital Advisors, Inc.More Info
949-370-1162

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Gordon ReeseReese Capital Advisors, Inc.More Info
949-370-1162

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