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1303 Bush St 2 Unit Apartment Building $1,200,000 ($600,000/Unit) Oceanside, CA 92058
Investment Highlights
- Rare assemblage of two contiguous R-3/CZ parcels totaling 18,399 SF, offered for the first time in 27 years
- Value-add duplex with two 2BD/1BA units on month-to-month leases, offering immediate upside to market rents
- Development potential for up to 11 total units (7 on the improved lot, 4 on the vacant lot) per City of Oceanside density standards
- Prime coastal location minutes from Downtown Oceanside, the Oceanside Pier, beaches, dining, and shopping
Executive Summary
Landmark Multifamily is proud to present the opportunity to acquire 1303-1305 Bush Street and the adjoining vacant residential parcel, a rare two-parcel assemblage totaling 18,399 square feet in the heart of Oceanside. Offered for the first time in over 27 years, the offering consists of two contiguous parcels, including a duplex with renovation potential situated on an 11,680 SF lot and an adjacent 6,719 SF vacant residential lot, creating an exceptional value-add and development opportunity in one of North County San Diego's fastest-growing coastal markets.
The existing duplex, built in 1958, consists of two 2-bedroom / 1-bathroom units, each approximately 816 square feet. While the property has been well maintained, the interiors offer an excellent opportunity for renovation and rental repositioning. Both tenants are currently on month-to-month leases, providing investors with maximum flexibility to renovate the existing improvements, increase rental income, or pursue a future redevelopment strategy. Additionally, the City recently completed installation of a new sewer line, further enhancing the property's long-term investment appeal.
The existing duplex, built in 1958, consists of two 2-bedroom / 1-bathroom units, each approximately 816 square feet. While the property has been well maintained, the interiors offer an excellent opportunity for renovation and rental repositioning. Both tenants are currently on month-to-month leases, providing investors with maximum flexibility to renovate the existing improvements, increase rental income, or pursue a future redevelopment strategy. Additionally, the City recently completed installation of a new sewer line, further enhancing the property's long-term investment appeal.
Property Facts
| Price | $1,200,000 | Building Class | C |
| Price Per Unit | $600,000 | Lot Size | 0.26 AC |
| Sale Type | Investment | Building Size | 2,312 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1958 |
| Apartment Style | Low-Rise | Parking Ratio | 1.23/1,000 SF |
| Zoning | R-3 - Multifamily | ||
| Price | $1,200,000 |
| Price Per Unit | $600,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 2,312 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1958 |
| Parking Ratio | 1.23/1,000 SF |
| Zoning | R-3 - Multifamily |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | 816 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 148-064-12 | Improvements Assessment | $108,723 |
| Land Assessment | $63,948 | Total Assessment | $172,671 |
Property Taxes
Parcel Number
148-064-12
Land Assessment
$63,948
Improvements Assessment
$108,723
Total Assessment
$172,671
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1303 Bush St
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