514 S Myers St - Apartments FOR SALE


Oceanside, CA 92054- Downtown Oceanside
$6,000,000 USD
858-247-1095
514 S Myers St, Oceanside, CA for Sale
$6,000,000 USD
Apartments - FOR SALE
1/9
null | 2.61% Cap Rate

514 S Myers St
Oceanside, CA 92054
Downtown Oceanside


HIGHLIGHTS

  • Irreplaceable Coastal Real Estate Near the Oceanside Pier
  • Massive Two-Story Townhome Units: 2 & 3 Bedroom Units
  • Each Unit has In-Unit Laundry, Fireplace, and Two-Car Garage
  • Built to Condo Specs in 1990 w/ Direct Garage Access & Secure Gated Parking
  • Condo Conversation Opportunity + Value Add Opportunity
  • West of S Coast Hwy 101 with Ocean Views

OVERVIEW

West of S Coast Hwy 101 in Oceanside, this 8-Unit multifamily property has everything an investor looks for: Prime coastal real estate, massive units, 2-car garages for each unit, in-unit laundry, and upside in rental income. The Townhomes on South Myers were constructed in 1990 and consist of two (2) 3Bedroom / 2Bathroom 1,271sf units, and six (6) 2Bedroom / 2Bathroom 1,074sf units situated on a 11,651sf lot. Each unit is a two-story townhome with select units capturing ocean views. Tenants are just a short walk to the beach, Downtown shops and restaurants, the Oceanside Pier, and the Mission Pacific Hotel / Seabird Ocean Resort. This is a rare opportunity to acquire an incredible value-add community in one of San Diego’s most sought after coastal markets.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$638 USD /SF

# OF UNITS

8

PRICE/UNIT

$750,000

CAP RATE

2.61%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8 Condo Quality Townhomes - Coastal Oceanside

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,652 SF

ZONING

R3

APN/PARCEL ID

150-263-19

ASK ABOUT THIS PROPERTY

Angelo La BrunaApartment Realty Group (ARG)More Info
858-247-1095

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Angelo La BrunaApartment Realty Group (ARG)More Info
858-247-1095

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