Brokerage
Brokerage
Sold
2181 Via Sonora
2181 Via Sonora, Oceanside, CA 92054, USA
$1,240,000
2021.09.28




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.
Property Details
Property Type
Multifamily
Price
$1,240,000
Units
4
Price/Unit
$310,000
SqFt
4,667
Price/SF
$266
Unit Mix
(1) 3+2.5, (2) 2+1.5, (1) 2+1
GRM
17.72
Year Built
1974
Cap Rate
3.09%
Market
Oceanside