Oceanside, CA 92054,1634 1638 Burroughs St. & Moreno St.
Oceanside, CA 92054,1634 1638 Burroughs St. & Moreno St.
Oceanside, CA 92054,1634 1638 Burroughs St. & Moreno St.
Oceanside, CA 92054,1634 1638 Burroughs St. & Moreno St.
Oceanside, CA 92054,1634 1638 Burroughs St. & Moreno St.
Oceanside, CA 92054,1634 1638 Burroughs St. & Moreno St.
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$2,156,644

$2,200,000

2.0%
Est.Price: ?

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Est. payment /mo

0.28 Acres Lot


SOLD DATE : 05/21/2024

Key Details

Sold Price $2,156,644

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Oceanside

MLS Listing ID 240007977SD

Sold Date 05/21/24

HOA Y/N No

Year Built 1954

Lot Size 0.275 Acres

Property Description

1634-1638 Burroughs St. & 1633-1637 Moreno St. is a 4-unit property located 0.8 miles from the beach in Oceanside, California. There is approximately 38% upside in rental income. The City of Oceanside is considered one of the strongest rental markets in North San Diego County with great demand for apartment rentals. Historical occupancy in this sub-market is estimated to be approximately 97%-100% and rental rates continue to rise over the years. This neighborhood offers excellent access to the Interstate 5, Interstate 78, and Interstate 15 freeways, which connect to major employment centers in the greater San Diego area. The subject property was built in 1954 and consists of four 2 bedroom/1 bath units that are approximately 624 square feet (2,496 total SF). There are two detached duplex buildings on a large 11,994 SF lot with four garages in total. The property has been professionally managed and well maintained over the years. Residents enjoy private yard spaces, driveway parking, newer dual paned windows, laundry hook ups, being west of Interstate 5, and the 1950's charm. The property also has ADU potential with the large 0.28 AC lot and the garages to expand from. A value add opportunity. Unit square footage is estimated based on the number provided by title and the appraisal. Buyer to verify on their own.

Location

State CA

County San Diego

Area 92054 - Oceanside

Zoning RS

Interior

Heating Natural Gas

Cooling None

Fireplace No

Appliance Gas Water Heater

Exterior

Fence Partial

View Y/N No

Roof Type Composition

Building

Lot Description Sprinkler System

Story 1

Entry Level One

Level or Stories One

Others

Senior Community No

Tax ID 1531520900

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash

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California Regional MLS (CRMLS)
Listed by Matt Robinson • MD Real Estate, Inc
Bought with Michelle Jacob • Compass
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