104 Avenida Las Brisas
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104 Avenida Las Brisas
4 Unit Apartment Building Offered at $1,800,000 at a 5.33% Cap Rate in Oceanside, CA 92057
Investment Highlights
- Prime Oceanside Location in a Residential Pocket
- Rents are 13% below market
- Mix of 2BRs and 3BR units
- Newer Roof and select units updated Kitchens & Baths
Executive Summary
Price Reduced! 4 Well Maintained Garden Style Units in an 18 unit development in Oceanside. Fantastic Mix of One 3BR/2Bath Townhouse & Three 2BR/2Bath Units. Average Square footage is around 1,024 SF/unit. Rents are about 13% below market for similar nearby units. The property is set back on a cul-de-sac on a large 11,761 SF pie shaped lot. There is ample parking with 2 open spaces, 4 tuck under and 2 garage spaces. In addition there is always plenty of street parking in the community. Select kitchens, baths and most of the roof has been replaced in the past several years.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
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-
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| Vacancy Loss |
-
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-
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| Effective Gross Income |
-
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-
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| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,800,000 | Property Type | Multifamily |
| Price Per Unit | $450,000 | Building Size | 4,097 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.33% | No. Stories | 2 |
| Gross Rent Multiplier | 13.27 | Year Built | 1979 |
| No. Units | 4 |
| Price | $1,800,000 |
| Price Per Unit | $450,000 |
| Sale Type | Investment |
| Cap Rate | 5.33% |
| Gross Rent Multiplier | 13.27 |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 4,097 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1979 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $2,750 | 1,397 |
| 2+2 | 3 | $2,310 | 900 |
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104 Avenida Las Brisas
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