718-722 N Freeman St
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718-722 N Freeman St
8 Unit Apartment Building $3,590,000 ($448,750/Unit) 2.80% Cap Rate Oceanside, CA 92054
Investment Highlights
- less than a mile to Beaches, Harbor & Oceanside Pier
- Walkability to Restaurants, Museums, Farmers Market and More!
- Near 76 and 5 Corridor
Executive Summary
Pro-Forma Cap Rate up to 3%. Two Parcels being sold for a total of 8 units. Lot's of opportunity in an area that is going through redevelopment, continues to improve and grow, becoming a major Tourist/Beach destination. Less than a mile to the Beach and Oceanside Harbor, Pier, Farmers Market, Thursday Night Sunset Market, Restaurants, Shops, Top Gun House and more!
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $3,590,000 | Apartment Style | Low Rise |
| Price Per Unit | $448,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 2.80% | Building Size | 8,500 SF |
| Sale Conditions | 1031 Exchange | No. Stories | 2 |
| No. Units | 8 | Year Built | 1950 |
| Property Type | Multifamily | Parking Ratio | 1.18/1,000 SF |
| Property Subtype | Apartment |
| Price | $3,590,000 |
| Price Per Unit | $448,750 |
| Sale Type | Investment |
| Cap Rate | 2.80% |
| Sale Conditions | 1031 Exchange |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 8,500 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 1.18/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 500 |
Walk Score ®
Very Walkable (86)
Bike Score ®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $123,875 | |
| Land Assessment | $57,045 | Total Assessment | $180,920 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$57,045
Improvements Assessment
$123,875
Total Assessment
$180,920
zoning
| Zoning Code | R-3 (Residential each parcel is zoned R-3 for a total of 6 units.) |
| R-3 (Residential each parcel is zoned R-3 for a total of 6 units.) |
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718-722 N Freeman St
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