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Coastal Turn-Key Asset 413 S Myers St 6 Unit Apartment Building $3,425,000 ($570,833/Unit) 4.04% Cap Rate Oceanside, CA 92054
Investment Highlights
- Irreplaceable Coastal Real Estate in Coastal Oceanside
- Full Interior & Exterior Renovation Including: New Roof, All New Plumbing, & All New Electrical System & Panels
- Four (4) Surface Parking Spaces + One (1) Single-Car Garage
- Six (6) Fully Renovated 1Bedroom/1Bathroom Units
- Onsite Laundry Facility
- Steps to the Coast & Walkable to Everything Downtown Oceanside Has to Offer
Executive Summary
Located in Coastal Oceanside, one of North County San Diego’s most desirable submarkets, the apartment homes on S Myers presents an investor with an amazing turn-key opportunity. The property is situated on a 4,705sf parcel, and consists of six (6) 1Bedroom / 1Bathroom units. Tenant Amenities include a brand new common area lounge, onsite laundry, and four (4) off-street parking spots + one (1) single-car garage.
This 6-Unit apartment complex located steps from the coast and walkable to Downtown Oceanside offers strong in-place cash flow with zero deferred maintenance. The property boasts a new roof, all new plumbing, all new electrical, and thoughtful interior and exterior finishes. This asset is perfect for a buyer looking for a premium turnkey coastal multifamily asset in an outstanding location.
This 6-Unit apartment complex located steps from the coast and walkable to Downtown Oceanside offers strong in-place cash flow with zero deferred maintenance. The property boasts a new roof, all new plumbing, all new electrical, and thoughtful interior and exterior finishes. This asset is perfect for a buyer looking for a premium turnkey coastal multifamily asset in an outstanding location.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,425,000 | Apartment Style | Low-Rise |
| Price Per Unit | $570,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 4.04% | Building Size | 2,976 SF |
| Gross Rent Multiplier | 16.89 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 1.68/1,000 SF |
| Zoning | D-5 | ||
| Price | $3,425,000 |
| Price Per Unit | $570,833 |
| Sale Type | Investment |
| Cap Rate | 4.04% |
| Gross Rent Multiplier | 16.89 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,976 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.68/1,000 SF |
| Zoning | D-5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $2,816 | 500 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 150-075-04 | Improvements Assessment | $253,318 |
| Land Assessment | $365,921 | Total Assessment | $619,239 |
Property Taxes
Parcel Number
150-075-04
Land Assessment
$365,921
Improvements Assessment
$253,318
Total Assessment
$619,239
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Coastal Turn-Key Asset | 413 S Myers St
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