Brokerage
Brokerage
2181 Via Sonora
2181 Via Sonora, Oceanside, CA 92054, USA
Sold
$1,240,000
2021.09.28
Property Type
Multifamily
Units
4
SqFt
4,667
Price
$1,240,000
Price/Unit
$310,000
Year Built
1974
Market
Oceanside
Price/SF
$266
Cap Rate
3.09%
GRM
17.72
Unit Mix
(1) 3+2.5, (2) 2+1.5, (1) 2+1
Property Description
The subject property is a two-story, 4 unit apartment complex North of the 78, East of the 5, located on Via Sonora in Oceanside, CA 92054. The property is a 5 mile drive to Oceanside Pier and steps away from local restaurants, shops, and bars.
The property was originally built circa 1974, and contains four (4) units. The property is comprised of (1) 3bed+2.5bath front house, (2) townhome style 2bed+1.5bath units with private patios, and (1) 2bed+1bath unit. The front house has a private backyard for tenant use. There are also four single car garages, and one two car garage.
Held long-term by current ownership, the property represents an excellent value add opportunity for astute investors to fix up the units and increase cash flow. In addition to upside in the rents, it is possible to monetize the parking garages to create additional income. Recent improvements include partially repiped plumbing.
