Downs St
Oceanside, CA 92054
Land For Sale · 2.66 AC

This is more than just a piece of land — it’s a prime development opportunity in one of Oceanside’s most sought-after neighborhoods: Fire Mountain. Offering 2.6 acres of CP-zoned land, this parcel delivers versatility, location, and built-in equity from day one. Whether you envision building a custom single-family estate, a luxury hillside home community, or a mixed-use commercial and residential development, this property’s zoning and topography open the door to a wide range of profitable possibilities. Priced at $829,000, this property is listed $200,000+ below comparable sales in the area — giving you instant market advantage and the ability to maximize ROI. ? Property Highlights • Flexible Zoning (CP – Commercial Professional) • Single-family custom home • Multifamily apartments or condos • Live/work townhomes • Boutique retail or professional office suites • Mixed-use projects combining commercial and residential • Lot Features • Flat street frontage for easy access and staging • Elevated hillside for view-oriented builds with premium resale potential • Utilities (water, sewer, electricity) available at the street • Corner lot with multiple access points • Location Advantage • 1/4 mile to Sprinter rail for transit-oriented development potential • Minutes to I-5 and Hwy 78 for commuter convenience • 2.5 miles from Oceanside Pier, beaches, and downtown district • Surrounded by high-value homes and established commercial hubs ? Recent Land Comps – Proof of Value • 3301 Mission Ave (2.0 ac) – $1,050,000 – Feb 2024 • Skylark & Mesa Dr (3.1 ac) – $1,200,000 – May 2024 • 1440 Temple Heights Dr (2.9 ac) – $985,000 – Nov 2023 • 1602 Ord Way (2.5 ac) – $910,000 – Apr 2023 • 2950 Vista Way (1.8 ac) – $950,000 – Aug 2022 With comparable sales ranging from $910,000 to $1,200,000, our $829,000 price tag is a strategic, below-market listing that offers a clear upside for developers and investors. ? Development Potential CP zoning makes this property a developer’s dream. Potential options include: 1. Single-Family Luxury Estate – Maximize privacy and create a showcase property with panoramic views. 2. Tiered Hillside Community – Build 8–12 upscale homes or condos designed to capture ocean breezes and scenic outlooks. 3. Mixed-Use Development – Combine street-level commercial with residential units above, perfect for professionals seeking work/live convenience. 4. Medical or Professional Offices – Take advantage of Oceanside’s growing demand for neighborhood medical, dental, or boutique office spaces. Fire Mountain’s natural elevation and established residential appeal make each of these options viable for strong resale or rental income. ? Environmental & Due Diligence Notes • No biological report or engineering studies have been completed; buyer to perform own due diligence. • Hillside grading is common in Fire Mountain — many nearby properties have successfully developed similar terrain to create premium view properties. • Utilities are already at the street, reducing upfront infrastructure costs. ? Why Buyers Choose Fire Mountain Fire Mountain is one of Oceanside’s most desirable enclaves, offering a unique blend of: • Elevated terrain for scenic views and privacy • Proximity to downtown Oceanside and the beach without tourist congestion • Walkable access to shopping, dining, and public transit • A community atmosphere that supports both residential and professional uses ? Closing Incentives & Seller Motivation The seller is relocating out of state and is highly motivated to sell quickly. This means buyers can take advantage of: • Extra discount for a 15–30 day close • Seller financing at list price for qualified buyers • Fast-track negotiations with a seller ready to move forward The property is already priced well below market, so only strong offers will be considered. However, buyers who can close quickly may be able to secure additional incentives. ? Key Takeaways • 2.6 acres CP-zoned – supports single-family, multifamily, commercial, and mixed-use • $200K+ below market value based on recent comps • Utilities at street – reduced development costs • Corner lot in Fire Mountain – location prestige and demand • Seller financing & fast close discount available • Immediate ROI potential for builders and investors