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Ocean Views + Value Add Opportunity 920 S Pacific St 10 Unit Apartment Building $4,495,000 ($449,500/Unit) 3.37% 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/ 51% 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 51% 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) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$273,960
|
$52.52
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$8,219
|
$1.58
|
| Effective Gross Income |
$265,741
|
$50.95
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$114,035
|
$21.86
|
| Net Operating Income |
$151,706
|
$29.08
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $273,960 |
| Annual Per SF | $52.52 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $8,219 |
| Annual Per SF | $1.58 |
| Effective Gross Income | |
|---|---|
| Annual | $265,741 |
| Annual Per SF | $50.95 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $114,035 |
| Annual Per SF | $21.86 |
| Net Operating Income | |
|---|---|
| Annual | $151,706 |
| Annual Per SF | $29.08 |
Property Facts
| Price | $4,495,000 | Apartment Style | Low-Rise |
| Price Per Unit | $449,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 3.37% | Building Size | 5,216 SF |
| Gross Rent Multiplier | 16.41 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1947 |
| Property Subtype | Apartment | ||
| Zoning | RT - Residential | ||
| Price | $4,495,000 |
| Price Per Unit | $449,500 |
| Sale Type | Investment |
| Cap Rate | 3.37% |
| Gross Rent Multiplier | 16.41 |
| 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 | $2,493 | 590 |
| 1+1 | 6 | $2,143 | 476 |
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Fairly walkable
40/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 150-354-05 | Improvements Assessment | $620,000 (2026) |
| Land Assessment | $3,387,500 (2026) | Total Assessment | $4,007,500 (2026) |
Property Taxes
Parcel Number
150-354-05
Land Assessment
$3,387,500 (2026)
Improvements Assessment
$620,000 (2026)
Total Assessment
$4,007,500 (2026)
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Contact the Sale Advisor
Ocean Views + Value Add Opportunity | 920 S Pacific St