2181 Via Sonora

Oceanside, CA 92054

Sold

$1,240,000

2021.09.28

press to zoom

press to zoom

press to zoom

press to zoom
1/50

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

Units

4

SqFt

4,667

Unit Mix

Year Built

(1) 3+2.5, (2) 2+1.5, (1) 2+1

1974

Price

$1,240,000

Price/Unit

$310,000

Price/SF

GRM

$266

17.72

Cap Rate

3.09%

Property Location

Oceanside

Contact Agent

Mike Mignosa

858.683.3979

DRE # 02049221

KEN_0377_edit_edited.jpg
KEN_0377_edit_edited.jpg