1622-1624 South Pacific Street

Oceanside, CA 92054

$2,795,000
Price
Beds
2,552 Sq. Ft.
$1,095 / Sq. Ft.
2,552
Sq. Ft.
$1,095
per Sq. Ft.

Description

Ocean views from every unit! Located across the street from the beach, this fourplex in South Oceanside offers beachside living with rental income potential. The four units include two 2 bed / 1 bath units and two 1 bed / 1 bath units, each with its own single-car garage and private outdoor space. The back units boast ocean view Trex decks, while the front units offer ocean view balconies. Recent upgrades include some newly refinished hardwood flooring, newer vinyl sliding glass doors, and select...Ocean views from every unit! Located across the street from the beach, this fourplex in South Oceanside offers beachside living with rental income potential. The four units include two 2 bed / 1 bath units and two 1 bed / 1 bath units, each with its own single-car garage and private outdoor space. The back units boast ocean view Trex decks, while the front units offer ocean view balconies. Recent upgrades include some newly refinished hardwood flooring, newer vinyl sliding glass doors, and select dual-pane windows. The property also includes a shared outdoor area and access to a communal laundry facility. The R3 zoning allows for flexible use and future development opportunities. With ocean views and walkability to the beach, this property is ideally positioned between Downtown Oceanside and Carlsbad Village, in close proximity to the Oceanside pier, dining, shopping, and entertainment. This property offers endless possibilities to enjoy the best of San Diego’s coastal lifestyle.
  1. Listed by David Thayer • DRE #02074782 • Brokerage DRE #01767484 • Pacific Sotheby's Int'l Realty • david@thayercoastalhomes.com

Property Details for 1622-1624 South Pacific Street

Parking Spaces Total
0
Total Units
4.0
Business Type
Multi-Tenant, Real Estate, Rental
Lot Size Source
Public Records
Building Area Total
2552
Building Area Units
Square Feet
Stories Total
2
Entry Level
2

Open Houses

Sunday, Nov 3rd

1:00 PM - 4:00 PM

Public

LISTING UPDATED: 10/29/2024 11:49 PM

Property Details for 1622-1624 South Pacific Street

StatusActive
MLS #NDP2408609
Days on Market36
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1952
Lot Size0.14 AC / 6,052 SF
CountySan Diego County

Virtual Tour

Building Information for 1622-1624 South Pacific Street

Stories2Residences-Year Built1952Building Size-Lot Size0.14 AC / 6,052 SF

Property Information for 1622-1624 South Pacific Street

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $160,800
  • Net Operating Income: $149,541
  • Laundry Income: $576
  • Cap Rate: 5.35
Expense Details
  • Operating Expense: $11,259
  • Insurance Expense: $1,435
  • Trash Expense: $1,524
  • Real Estate Tax Expense: $5,912
  • Total Expenses: $11,259
Tax / Assessment Info
  • Tax Year: 2023
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Exterior Features
  • Fence: No
Land/Lot Info
  • Sign on Property: No
  • Lot Features: Waterfront
  • Utilities: Electricity Connected
  • Electric: Standard
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,850
  • Unit Type Total Rent: $3,850
  • Unit Type Pro Forma: 3850
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,670
  • Unit Type Total Rent: $2,670
  • Unit Type Pro Forma: 3850
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,940
  • Unit Type Total Rent: $1,940
  • Unit Type Pro Forma: 2850
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,940
  • Unit Type Total Rent: $1,940
  • Unit Type Pro Forma: 2850
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 3
  • Number Of Buildings: 1

Property History for 1622-1624 South Pacific Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1622-1624 South Pacific Street

Taxable ValueLand$327,751Additions$172,972Total$500,723
Tax Record2020$5,666 ($472 / month)
Home Facts
StyleMulti-Family Dwelling (2-4)ZoningR3CountySAN DIEGOAPN1530920400

Schools near 1622-1624 South Pacific Street

This home is within Oceanside Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
South Oceanside Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Ocean Shores High (Continuation) School
Public9 to 12

Oceanside High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1622-1624 South Pacific Street is a multi-family home for sale in Oceanside, CA 92054. This property was listed for sale on September 25, 2024 by Pacific Sotheby's Int'l Realty, it's currently listed at $2,795,000. This listing's school district is Oceanside Unified School District. Nearby schools include South Oceanside Elementary School, Lincoln Middle School and Ocean Shores High (Continuation) School. 1622-1624 South Pacific Street is a 0-bed, 0-bath, 2,552 sqft multi-family home built in 1952.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Pacific Sotheby's Int'l Realty, David Thayer, DRE #02074782

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