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718-722 N Freeman St 8 Unit Apartment Building $3,200,000 ($400,000/Unit) 3.13% Cap Rate Oceanside, CA 92054
Executive Summary
2 parcels being sold together. Total of 8 units. Seller would consider selling the 2 parcels separately as long as they close at the same time. Lot's of opportunity in an area that is going through redevelopment, continues to improve and grow, becoming a major Tourist/Beach destination. Less than a mile to the Beach and Oceanside Harbor, Pier, Farmers Market, Thursday Night Sunset Market, Restaurants, Shops, Top Gun House and more! 4 of the units have been recently remodeled. New roof in 2020/2021. New Fencing in 2024.
Property Facts
| Price | $3,200,000 | Building Class | C |
| Price Per Unit | $400,000 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 8,500 SF |
| Cap Rate | 3.13% | Average Occupancy | 75% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 1.18/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3 - Residential each parcel is zoned R-3 for a total of 6 units. | ||
| Price | $3,200,000 |
| Price Per Unit | $400,000 |
| Sale Type | Investment |
| Cap Rate | 3.13% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 8,500 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 1.18/1,000 SF |
| Zoning | R-3 - Residential each parcel is zoned R-3 for a total of 6 units. |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (76)
Property Taxes
| Parcel Numbers | Improvements Assessment | $126,352 | |
| Land Assessment | $58,185 | Total Assessment | $184,537 |
Property Taxes
Parcel Numbers
Land Assessment
$58,185
Improvements Assessment
$126,352
Total Assessment
$184,537
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718-722 N Freeman St
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