Avalon by the Sea 123 S Nevada St 8 Unit Apartment Building $3,595,000 ($449,375/Unit) Oceanside, CA 92054

South Coast Commercial is pleased to present Avalon by-the-Sea, an 8-unit multifamily investment opportunity located in the heart of Downtown Oceanside’s Townsite neighborhood. Situated on a 7,152 SF parcel and improved with a 6,028 SF two-story apartment building, the property features a balanced mix of five two-bedroom units and three one-bedroom units. Well-maintained interiors, four highly desirable two-car garages that could potentially be turned into ADUs, and a master-metered utility system with partial RUBS reimbursement already in place provide investors with an attractive combination of stable in-place income and operational upside. Residences feature luxury vinyl plank flooring, upgraded appliances with dishwashers, vinyl windows, forced-air heating, and dual-sink vanities in the two-bedroom units. Additional amenities include a community laundry room with seller owned equipment, and a master-metered utility system with an already implemented RUBS program for partial utility cost recovery. Current ownership has re-routed water lines out of the slab eliminating the potential for slab leaks. The property also benefits from four two-car garages, a highly sought-after amenity in a coastal neighborhood where off-street parking remains limited.
The property is thoughtfully designed to appeal to a broad tenant base, from individuals and couples to small families and professionals seeking a coastal lifestyle in one of Southern California’s most desirable rental markets. Minutes from the beach and within walking distance of the Oceanside Pier, South Coast Highway, and
the Oceanside Transit Center, the property benefits from exceptional coastal amenities and regional connectivity. Ongoing mixed-use development, public infrastructure improvements, and transit oriented investment continue to strengthen Downtown Oceanside’s growth outlook, positioning Avalon by-the-Sea to benefit from sustained rental demand and long-term value appreciation.