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$2,499,000
Est. payment /mo
UPDATED:
12/19/2024 06:04 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Oceanside
MLS Listing ID 240026159SD
HOA Y/N No
Year Built 1937
Property Description
Seller financing available. RT Zoning offering STR Investors significant income potential. 1 unit fully renovated leaving 3 units available for significant value add opportunity. 902 Pacific St presents a rare investment opportunity just steps from the ocean in Oceanside's highly sought-after coastal zone. This prime coastal asset will be delivered vacant, providing buyers with an immediate opportunity to execute value-add improvements and reposition the property to maximize returns. With RT zoning, developers have the ability to build up to 35 feet high and are permitted to construct 4 units by right, with additional ADU opportunities to further enhance density and income potential. The property already features two units with STR licenses, offering proven short-term rental income potential with a projected gross annual income of $314,460. Combined with its vacant delivery, investors can quickly upgrade all units to boost revenue and long-term value. Seller financing is available, offering qualified buyers increased flexibility and making this exceptional opportunity even more accessible. Oceanside is experiencing rapid economic growth and development, driving strong rental demand and property appreciation. Its premium coastal location, paired with flexible zoning and development incentives, positions investors and developers to capitalize on increasing short-term rental opportunities while benefiting from the area's vibrant amenities and employment options. With its vacant delivery, high development potential, and seller financing available, 902 Pacific St is an unparalleled opportunity for investors and developers to acquire and elevate a prime coastal asset in one of California's fastest-growing markets.
Location
State CA
County San Diego
Area 92054 - Oceanside
Building/Complex Name none
Zoning RT
Interior
Cooling None
Fireplace No
Exterior
Fence Partial
View Y/N No
Roof Type Composition
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 1503540100
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Joseph Silva • Stravinsky Holdings, Inc.