Oceanside CA Multi Family for Sale
$1,500,000
810 Acacia Ave Oceanside, CA 92058
- Type:
- Cluster
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.14 Acres
- Year built:
- 1963
- Baths:
- MLS#:
- 250016898SD
- Subdivision:
- Oceanside
ADDITIONAL INFORMATION
Nestled just under 2 miles from the iconic Oceanside Pier, 810 Acacia Ave offers a prime value-add investment opportunity in the rapidly growing Oceanside market. This 4-unit property, built in 1963, sits on an above grade raised lot in a low-density residential neighborhood. Featuring a desirable unit mix of spacious 2-bedroom, 1-bath units, the property boasts a solid concrete slab foundation, a durable pitched roof, and off-street parking in the rear. The property is ideally situated across from Mission Elementary and Jefferson Middle School and provides residents with convenient access to the beach, shopping, transportation, and local schools. Additionally, an unused laundry room presents an immediate income-generating opportunity for the new owner as well as an added amenity for the residents. Current ownership has implemented strategic improvements, including re-routing plumbing out of the slab to prevent costly slab leaks. Starting February 1, 2025, rent increases will go into effect, further boosting cash flow. Ownership has also instituted RUBS (Ratio Utility Billing System) at $150 per unit per month, ensuring efficient utility cost recovery. With an impressive 60% upside potential, this property is a rare find for investors seeking a strong return in one of Southern California’s most desirable coastal markets
Oceanside Real Estate
The median home value in Oceanside, CA is $607,500. This is lower than the county median home value of $846,300. The national median home value is $338,100. The average price of homes sold in Oceanside, CA is $607,500. Approximately 53.01% of Oceanside homes are owned, compared to 39.5% rented, while 7.49% are vacant. Oceanside real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Oceanside real estate agent to arrange a tour today!
Oceanside, California 92058 has a population of 174,461. Oceanside 92058 is more family-centric than the surrounding county with 34.33% of the households containing married families with children. The county average for households married with children is 33.76%.
The median household income in Oceanside, California 92058 is $80,837. The median household income for the surrounding county is $88,240 compared to the national median of $69,021. The median age of people living in Oceanside 92058 is 37.1 years.
Oceanside Weather
The average high temperature in July is 75.9 degrees, with an average low temperature in January of 43 degrees. The average rainfall is approximately 12.8 inches per year, with 0 inches of snow per year.