421 N Weitzel St | Oceanside, CA 92054
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- LoopNet Team
421 N Weitzel St
Oceanside, CA 92054
Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- Offered at Very Favorable Pricing ($341,250/Unit)
- 6.23% Pro Forma Cap Rate (Post-Renovation with RUBS)
- Surrounded by Newly Constructed Owner-Occupied Condos
- Significant Rent Upside (30% Total Upside Potential)
- Walking Distance to Restaurants and Beach (87 Walk Score)
- Significant ADU Potential with Eight (8) Tuckunder Tandem Garages
PROPERTY FACTS
| No. Units | 12 | Building Size | 8,720 SF |
| Property Type | Multifamily | Average Occupancy | 0% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1961 |
| Building Class | C | Parking Ratio | 1.83/1,000 SF |
| Lot Size | 2.70 AC | ||
| Zoning | CR - Restricted Commercial | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.70 AC |
| Building Size | 8,720 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.83/1,000 SF |
| Zoning | CR - Restricted Commercial |
AMENITIES
SITE AMENITIES
- Laundry Service
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,688 | 615 |
| 2+1 | 2 | $2,013 | 950 |
| 2+1.5 | 2 | $2,058 | 900 |
PROPERTY TAXES
| Parcel Number | 147-230-28 | Improvements Assessment | $282,403 |
| Land Assessment | $232,566 | Total Assessment | $514,969 |
PROPERTY TAXES
Parcel Number
147-230-28
Land Assessment
$232,566
Improvements Assessment
$282,403
Total Assessment
$514,969
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