718-722 N Freeman St 8 Unit Apartment Building $3,200,000 ($400,000/Unit) 3.13% Cap Rate Oceanside, CA 92054

This exceptional multifamily opportunity consists of two parcels being sold together, offering a total of eight units in the heart of Oceanside’s rapidly evolving coastal corridor. Located less than a mile from the renowned Oceanside Pier, Harbor, local beaches, and vibrant attractions like the Farmers Market, Sunset Market, and Top Gun House, this property positions investors to capitalize on strong tourism growth and redevelopment activity in one of Southern California’s fastest-growing beach destinations.
Four of the units have been recently remodeled, adding modern appeal and minimizing near-term capital requirements. Recent property enhancements include a new roof installed in 2020/2021 and new fencing completed in 2024, improving both durability and curb presence. The offering includes one parcel with five units and two garages, plus a second parcel with three units, allowing for flexible structuring. The seller is open to selling the parcels separately, provided they close concurrently.
Financially, the property demonstrates stable performance with significant upside potential, highlighted by a proforma cap rate of 5%. With updated finishes, desirable location, and accessibility to popular lifestyle amenities, this investment represents both immediate income and long-term appreciation potential within a thriving coastal market.