$2,999,999
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SOLD DATE : 11/07/2023
Key Details
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Subdivision Oceanside
MLS Listing ID 230018932SD
Sold Date 11/07/23
HOA Y/N No
Year Built 1962
Property Description
RARE Opportunity. 4 Units - 1 Blck to the Ocean. Long Term Rental Cap Rate 3.75; GRM 17.8. Short Term Rental Cap Rate 8; GRM 9.7. Property is currently being utilized as short term rentals for all units. No STR restrictions in Oceanside. Capitalize day 1 on either market long term rents or maximize profits as STRs. Property also consists of (4) 1 car garages - ADU potential. Value Add. Tait street features (2) 2 bedroom 2 bath cottage style units and (2) 1 bedroom 1 bath upper floor units with ocean views. On site laundry, private courtyard, close to major highways, beaches, shopping, dinning, attractions, and Camp Pendleton. This turnkey property is ideal for investors seeking a low maintenance, highly profitable, beach side investment. OM attached in MLS documents section. Seller open to seller carryback financing
Location
State CA
County San Diego
Area 92054 - Oceanside
Interior
Heating Natural Gas
Cooling None
Fireplace No
Exterior
View Y/N Yes
View Ocean
Roof Type Composition
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 1520721100
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
Financing Cash
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Bought with Timothy Austin Broker Groves, Inc
johnherkenrath@epiquerealty.com
<a href="https://maps.app.goo.gl/pirboN7SMpBm6tb18" target="_blank">3435 E Thousand Oaks Blvd #6354, Westlake Village CA 91359 </a>