1417 Lemon St 3 Unit Apartment Building Offered at $1,899,000 at a 4.16% Cap Rate Oceanside, CA 92058

The subject property is a newly constructed, custom-built coastal triplex located approximately one mile from the beach in Oceanside. Designed to appeal to both investors and owner-occupants, the asset offers strong rental demand with a well-balanced unit mix of (2) 3-bedroom, 2-bath units (±1,356 SF) and (1) 2-bedroom, 2-bath ADA-compliant unit (±1,228 SF). Two upper units feature private balconies with ocean views, significantly enhancing tenant desirability and long-term rent growth potential.
Each unit is thoughtfully designed with private garages and covered carports, complemented by high-quality interior finishes including custom cabinetry, in-unit washer/dryer hookups, efficient mini-split HVAC systems, and dual vanities in primary suites. The property also includes a fire suppression system and low-maintenance landscaping, supporting ease of ownership and reduced ongoing expenses.
Built with long-term efficiency and durability in mind, the asset features copper plumbing throughout, separately metered water and electric, new copper service lines, a 6-inch ABS main sewer line, and individual shut-offs. One unit is equipped with owned solar, providing additional utility savings and operational efficiency.
This turnkey coastal asset offers minimal deferred maintenance and strong income potential in one of North County San Diego’s most desirable rental markets. With modern construction, premium finishes, and a highly functional unit mix, the property is well-positioned to attract quality tenants and achieve stable, long-term returns.