332 S El Camino Real, Oceanside, CA 92058

Property Description

Exceptional investment opportunity just 4.4 miles from the iconic Oceanside Pier and beach a prime corner lot with sweeping city views! Well upgraded 4-unit multifamily property offers a desirable mix of one- and two-bedroom residences across two stories. One-bedroom units average 640 sq ft and two-bedroom units average 903 sq ft. The owner has invested over $200,000 in renovations throughout the years including a newer shingle roof, newly installed all high-efficiency windows, new kitchens, and modern standing showers reflecting true pride of ownership. Each unit has its own space in the upgraded 4-car garage with remote access, a rare and highly desirable amenity. Gas and electric utilities are separately metered per unit, minimizing owner operating expenses and maximizing net income. On-site coin-operated laundry provides a convenient tenant amenity and additional income stream. Four garage spaces are currently included with each unit charging separately at market rate offers additional income potential. Three of four units are occupied by long-term, month-to-month tenants providing immediate income from day one. The one-bedroom unit, previously owner-occupied, is move-in ready perfect for an owner-occupant or to lease at market rate, where two-bedroom units are commanding $2,500$2,600/month. Easy access to vibrant downtown Oceanside, shops, restaurants, the Transit Center, and major freeways. An excellent 1031 exchange candidate ideal for investors upgrading from a residential rental property into an income-producing multifamily and growing their portfolio tax-def Exceptional investment opportunity just 4.4 miles from the iconic Oceanside Pier and beach a prime corner lot with sweeping city views! Well upgraded 4-unit multifamily property offers a desirable mix of one- and two-bedroom residences across two stories. One-bedroom units average 640 sq ft and two-bedroom units average 903 sq ft. The owner has invested over $200,000 in renovations throughout the years including a newer shingle roof, newly installed all high-efficiency windows, new kitchens, and modern standing showers reflecting true pride of ownership. Each unit has its own space in the upgraded 4-car garage with remote access, a rare and highly desirable amenity. Gas and electric utilities are separately metered per unit, minimizing owner operating expenses and maximizing net income. On-site coin-operated laundry provides a convenient tenant amenity and additional income stream. Four garage spaces are currently included with each unit charging separately at market rate offers additional income potential. Three of four units are occupied by long-term, month-to-month tenants providing immediate income from day one. The one-bedroom unit, previously owner-occupied, is move-in ready perfect for an owner-occupant or to lease at market rate, where two-bedroom units are commanding $2,500$2,600/month. Easy access to vibrant downtown Oceanside, shops, restaurants, the Transit Center, and major freeways. An excellent 1031 exchange candidate ideal for investors upgrading from a residential rental property into an income-producing multifamily and growing their portfolio tax-deferred.