722-718 North Freeman Street

Oceanside, CA 92054

$3,200,000
Price
Beds
4,252 Sq. Ft.
$753 / Sq. Ft.
4,252
Sq. Ft.
$753
per Sq. Ft.

Description

Being sold with additional parcel 718-20 Freeman. Two lots being sold together for a total of 8 units. Current city regulations would only allow 6 (3 units per lot) so the additional 2 units are a bonus/grandfathered in. Lot's of opportunity in an area that is going through redevelopment, continues to improve and grow, becoming a major Tourist/Beach destination. Only 2 miles or less from Oceanside Harbor, Pier, Beaches, Farmers Market, Thursday Night Sunset Market, Restaurants, Shops, Top Gun House...Being sold with additional parcel 718-20 Freeman. Two lots being sold together for a total of 8 units. Current city regulations would only allow 6 (3 units per lot) so the additional 2 units are a bonus/grandfathered in. Lot's of opportunity in an area that is going through redevelopment, continues to improve and grow, becoming a major Tourist/Beach destination. Only 2 miles or less from Oceanside Harbor, Pier, Beaches, Farmers Market, Thursday Night Sunset Market, Restaurants, Shops, Top Gun House and more!
  1. Listed by Cherise Zentic • DRE #01270681 • Brokerage DRE #01270681 • Pacific Sun Properties • czentic@pacsundiego.com

Property Details for 722-718 North Freeman Street

Parking Spaces Total
30006
Total Units
8.0
Lot Size Source
Assessor
Building Area Total
4252
Stories Total
2
Association Fee
$.00
Zoning
R-3:RESTRICTED MULTIPLE (per parcel)
Parcel Number
1470581300
LISTING UPDATED: 12/09/2023 12:58 PM

Property Details for 722-718 North Freeman Street

StatusActive
MLS #NDP2201284
Days on Market1057
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1950
Lot Size0.23 AC / 10,055 SF
CountySan Diego County

Building Information for 722-718 North Freeman Street

Stories2Residences-Year Built1950Building Size-Lot Size0.23 AC / 10,055 SF

Property Information for 722-718 North Freeman Street

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $93,840
  • Net Operating Income: $39,563
  • Cap Rate: 3.0
Expense Details
  • Operating Expense: $54,277
  • Building Expenses: $5,676
  • Electric Expense: $2,050
  • Insurance Expense: $3,713
  • Maintenance Expense: $600
  • Trash Expense: $12,240
  • Real Estate Tax Expense: $30,000
  • Total Expenses: $54,277
Property / Structure Info
Land/Lot Info
  • Sign on Property: No
  • Additional Parcels Description: 147-058-12-00
  • Lot Features: 0-1 Unit/Acre
  • Water Source: Public
Parking Info
  • Uncovered Spaces: 6
Unit Information
Unit 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $965
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 1
Unit 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $965
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 2
Unit 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $965
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 3
Unit 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $965
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 4
Unit 5
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,065
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 5
  • Unit Type Description: This unit is rented with 1 garage for an extra $100 a month
Unit 6
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $965
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 6
Unit 7
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $965
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 7
Unit 8
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $965
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 8
Unit Information
  • Number Of Buildings: 3

Property History for 722-718 North Freeman Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 722-718 North Freeman 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
Laurel 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

722-718 North Freeman Street is a multi-family home for sale in Oceanside, CA 92054. This property was listed for sale on February 11, 2022 by Pacific Sun Properties, it's currently listed at $3,200,000. This listing's school district is Oceanside Unified School District. Nearby schools include Laurel Elementary School, Lincoln Middle School and Ocean Shores High (Continuation) School. 722-718 North Freeman Street is a 0-bed, 0-bath, 4,252 sqft multi-family home built in 1950.

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.

Listing Courtesy of Pacific Sun Properties, Cherise Zentic, DRE #01270681

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by SDMLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 SDMLS®, Inc.