718-722 N Freeman St - Apartments FOR SALE


Oceanside, CA 92054- Downtown Oceanside
$3,200,000 USD
760-421-4500
718-722 N Freeman St, Oceanside, CA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/28
null | 3.13% Cap Rate

718-722 N Freeman St
Oceanside, CA 92054
Downtown Oceanside


HIGHLIGHTS

  • Two adjacent parcels with a combined total of eight units, close to beaches and Oceanside Harbor.
  • Less than a mile to major attractions, including Pier, Sunset Market, restaurants, and retail centers.
  • Four units renovated recently, complemented by a new roof and fencing for enhanced property condition.
  • Flexibility for buyers: parcels may be sold individually under concurrent closing terms.
  • Strong redevelopment momentum in the surrounding area supports future appreciation and sustained demand.

OVERVIEW

This exceptional multifamily opportunity consists of two parcels being sold together, offering a total of eight units in the heart of Oceanside’s rapidly evolving coastal corridor. Located less than a mile from the renowned Oceanside Pier, Harbor, local beaches, and vibrant attractions like the Farmers Market, Sunset Market, and Top Gun House, this property positions investors to capitalize on strong tourism growth and redevelopment activity in one of Southern California’s fastest-growing beach destinations. Four of the units have been recently remodeled, adding modern appeal and minimizing near-term capital requirements. Recent property enhancements include a new roof installed in 2020/2021 and new fencing completed in 2024, improving both durability and curb presence. The offering includes one parcel with five units and two garages, plus a second parcel with three units, allowing for flexible structuring. The seller is open to selling the parcels separately, provided they close concurrently. Financially, the property demonstrates stable performance with significant upside potential, highlighted by a proforma cap rate of 5%. With updated finishes, desirable location, and accessibility to popular lifestyle amenities, this investment represents both immediate income and long-term appreciation potential within a thriving coastal market.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$376 USD /SF

# OF UNITS

8

PRICE/UNIT

$400,000

CAP RATE

3.13%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

R-3

APN/PARCEL ID

147-058-12,147-058-13

ASK ABOUT THIS PROPERTY

Cherise ZenticIntegrity Realty & Lending GroMore Info
760-421-4500

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Cherise ZenticIntegrity Realty & Lending GroMore Info
760-421-4500

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