Property listed by Marcus & Millichap, Conor Brennan 818-212-2250
612 N Freeman Street
Oceanside, CA 92054
$1,890,000
We are pleased to present 612 N Freeman Street, a well-located, partially rehabilitated five-unit multifamily property in the heart of Oceanside, just six blocks (.4 miles) from the beach. Built in 1978, the property spans approximately 1,962 square feet and sits on a 5,139 square foot lot. The unit mix… Read More consists of two 1-bedroom/1-bath units and three studio/1-bath units, offering strong appeal to a diverse tenant base. This value-add asset has already seen targeted renovations. Units 4 and 5 have been updated with new flooring, counters, vanities, light fixtures, and mirrors. Units 2 and 5 received refinished tubs and showers, while unit 2 has also been significantly refreshed. In addition, SB 721 balcony inspections and required repairs have been completed, reducing future deferred maintenance for the new owner. Unit 3 is in need of renovation, offering immediate upside potential. The property features four single-car garages and one double-car garage with additional driveway parking, plus ample storage and onsite laundry. A large covered outdoor lounge area enhances the tenant experience and captures the appeal of the coastal lifestyle. Other upgrades include a new roof with a 10-year warranty, fresh exterior paint, and secured gating for tenant privacy. Leases for Units 1 through 4 are month-to-month, providing operational flexibility and rent upside. With consistent population and rent growth, plus proximity to both San Diego and Orange County, 612 N Freeman Street offers investors a rare opportunity to acquire a well-located coastal asset with immediate upside. Read Less
Listing Snapshot
Days Online
0
Last Updated
Property Type
MixedUse
Lot Size
0.12 Acres
MLS Number
250044740SD
Additional Details
Building
2 buildings, Construction Materials: Frame
Cooling
WallWindowUnits
Expenses
Operating: $45,809
Heating
WallFurnace
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $104,160, Net Operating Income: $60,523
Lot
0.118 acres
Parking
9 total parking spaces
Roof
TarGravel
Taxes
Parcel Number: 1470570800
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