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$2,699,000
Est. payment /mo
3 Beds
4 Baths
850 SqFt
UPDATED:
11/18/2024 08:51 PM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 850 sqft
Price per Sqft $3,175
Subdivision Oceanside
MLS Listing ID 240026159
Bedrooms 3
Full Baths 4
HOA Y/N No
Year Built 1937
Property Description
Seller financing available. RT Zoning offering STR Investors significant income potential. 1 unit fully renovated leaving 3 units available for significant value add opportunity.
Located just steps from the ocean, 902 Pacific St offers a unique and secure investment opportunity with remarkable short-term rental (STR) income potential. With RT zoning, this property allows investors to maximize income through flexible short-term rental options in Oceanside’s highly sought-after coastal zone, creating a lucrative opportunity in a fast-appreciating area. The property boasts impressive earning potential, with a projected gross annual income of $314,460 and two units already holding STR licenses. Additionally, three units present an immediate value-add opportunity, allowing for upgrades that can significantly enhance rental revenue and boost the property’s long-term value. With seller financing available, this offering provides added flexibility for qualified buyers, making it accessible to a range of investors. Perfect for those looking to balance lifestyle and income, this property suits investors who want to live in one unit while renting out others to offset mortgage costs. Residents and tenants alike will enjoy the tranquility of coastal living paired with easy access to Oceanside’s vibrant amenities and employment opportunities. Oceanside is experiencing rapid development, contributing to strong rental growth and property value increases. The property’s RT zoning allows for even greater investment potential, with density and development incentives adding further appeal to this prime coastal location. With its strategic location and investment-friendly zoning, 902 Pacific St is an exceptional find in a thriving market.
Located just steps from the ocean, 902 Pacific St offers a unique and secure investment opportunity with remarkable short-term rental (STR) income potential. With RT zoning, this property allows investors to maximize income through flexible short-term rental options in Oceanside’s highly sought-after coastal zone, creating a lucrative opportunity in a fast-appreciating area. The property boasts impressive earning potential, with a projected gross annual income of $314,460 and two units already holding STR licenses. Additionally, three units present an immediate value-add opportunity, allowing for upgrades that can significantly enhance rental revenue and boost the property’s long-term value. With seller financing available, this offering provides added flexibility for qualified buyers, making it accessible to a range of investors. Perfect for those looking to balance lifestyle and income, this property suits investors who want to live in one unit while renting out others to offset mortgage costs. Residents and tenants alike will enjoy the tranquility of coastal living paired with easy access to Oceanside’s vibrant amenities and employment opportunities. Oceanside is experiencing rapid development, contributing to strong rental growth and property value increases. The property’s RT zoning allows for even greater investment potential, with density and development incentives adding further appeal to this prime coastal location. With its strategic location and investment-friendly zoning, 902 Pacific St is an exceptional find in a thriving market.
Location
State CA
County San Diego
Community Oceanside
Area Oceanside (92054)
Building/Complex Name none
Zoning RT
Exterior
Exterior Feature Wood
Fence Partial
Roof Type Composition
Building
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional, Exchange, Seller May Carry
Space Rent $1,950
Listing Terms Cash, Conventional, Exchange, Seller May Carry
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Listed by Joseph D Silva • Stravinsky Holdings, Inc.
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Mary Ellen Haywood
Broker Associate | CA DRE#01264878
Broker Associate CA DRE#01264878