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Ocean Views + Value Add Opportunity 920 S Pacific St 10 Unit Apartment Building $5,495,000 ($549,500/Unit) 2.82% Cap Rate Oceanside, CA 92054
INVESTMENT HIGHLIGHTS
- Irreplaceable Coastal Real Estate Near the Oceanside Pier
- Strong Unit Mix: (4) 2Bedroom Units; (6) 1Bedroom Units
- Each Unit Has Private Patio
- Across the Street from the Sand w/ Ocean Views
- Value Add Opportunity w/ 46% Upside in Rental Income
- Pride of Ownership Property / Legacy Asset
EXECUTIVE SUMMARY
West of S Coast Hwy 101 and across the street from the sand, this 10-Unit multifamily property is truly unique offering prime coastal real estate, ocean views, and 46% upside in rental income. The property consists of four (4) 2Bedroom / 1Bathroom units, and six (6) 1Bedroom / 1Bathroom units and is situated on a 7,417sf lot. Tenants are just a short walk across the street to sand, and are nearby downtown shops and restaurants, the Oceanside Pier, and the Mission Pacific Hotel / Seabird Ocean Resort. Don’t miss the opportunity to acquire this incredible value-add community in one of San Diego’s most sought after coastal markets.
FINANCIAL SUMMARY (ACTUAL - 2024) 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 - 2024) 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 | $5,495,000 | Apartment Style | Low-Rise |
| Price Per Unit | $549,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 2.82% | Building Size | 5,216 SF |
| Gross Rent Multiplier | 19.37 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1947 |
| Property Subtype | Apartment | ||
| Zoning | RT - Residential | ||
| Price | $5,495,000 |
| Price Per Unit | $549,500 |
| Sale Type | Investment |
| Cap Rate | 2.82% |
| Gross Rent Multiplier | 19.37 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,216 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1947 |
| Zoning | RT - Residential |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Patio
- Window Coverings
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $2,810 | 590 |
| 1+1 | 6 | $2,065 | 476 |
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Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 150-354-05 | Improvements Assessment | $457,022 (2025) |
| Land Assessment | $213,267 (2025) | Total Assessment | $670,289 (2025) |
PROPERTY TAXES
Parcel Number
150-354-05
Land Assessment
$213,267 (2025)
Improvements Assessment
$457,022 (2025)
Total Assessment
$670,289 (2025)
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Ocean Views + Value Add Opportunity | 920 S Pacific St
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