619 S Coast Hwy
Oceanside, CA 92054
THE COAST APARTMENTS · Multifamily Property For Sale · 12 Units

Do not miss this opportunity to own this rarely available 12 unit apartment complex, located in the rapidly-gentrifying coastal community of Oceanside. 619 S coast highway is just a short walk to the beach and lies on the iconic S Coast Highway 101. The new owner will enjoy the security of having the property situated near successful breweries, restaurants, and the beach. This coastal asset is positioned walking distance from public transit and has effortless access to Interstate 5 and Highway 78. Attractions in the immediate vicinity include Bagby Beer Co Brewery/Restaurant, The Historic Highway 101 Cafe, and VITAL rock climbing gym. See attached OM/Flyer for unit breakdowns and rents. The property is comprised of TEN studio units, TWO one-bedroom / one-bath units and ONE shared-room-occupancy unit (operated as a studio). Additional rental income is generated from ONE live/work office unit (operated as a studio) and THREE office/storage spaces. The complex consists of three, one-story wood-frame buildings, with concrete slab foundations totaling 3,486 square feet. Recent upgrades include new paint, plumbing in some units, electrical wiring and a new roof on the northern structure. An astute investor can stabilize the property at the higher unit rent levels that are already being achieved in the upgraded units. Air BNB and VRBO are permitted and have also been successful in the past to maximize cash flow.