UPDATED:
12/17/2024 06:49 PM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 750 sqft
Price per Sqft $3,332
Subdivision Oceanside
MLS Listing ID 240026159
Bedrooms 3
Full Baths 4
HOA Y/N No
Year Built 1937
Property Description
902 Pacific St presents a rare investment opportunity just steps from the ocean in Oceanside's highly sought-after coastal zone. This prime coastal asset will be delivered vacant, providing buyers with an immediate opportunity to execute value-add improvements and reposition the property to maximize returns. With RT zoning, developers have the ability to build up to 35 feet high and are permitted to construct 4 units by right, with additional ADU opportunities to further enhance density and income potential. The property already features two units with STR licenses, offering proven short-term rental income potential with a projected gross annual income of $314,460. Combined with its vacant delivery, investors can quickly upgrade all units to boost revenue and long-term value. Seller financing is available, offering qualified buyers increased flexibility and making this exceptional opportunity even more accessible. Oceanside is experiencing rapid economic growth and development, driving strong rental demand and property appreciation. Its premium coastal location, paired with flexible zoning and development incentives, positions investors and developers to capitalize on increasing short-term rental opportunities while benefiting from the area's vibrant amenities and employment options. With its vacant delivery, high development potential, and seller financing available, 902 Pacific St is an unparalleled opportunity for investors and developers to acquire and elevate a prime coastal asset in one of California's fastest-growing markets.
Location
State CA
County San Diego
Community Oceanside
Area Oceanside (92054)
Building/Complex Name none
Zoning RT
Exterior
Exterior Feature Wood
Fence Partial
Roof Type Composition
Building
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional, Exchange, Seller May Carry
Space Rent $1,950
Listing Terms Cash, Conventional, Exchange, Seller May Carry
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