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    1228 Division Street

    Oceanside, CA 92054
    • $4,750,000
    • STATUS: Active
    • ON SITE: 144 days
    • ID#: PW20106711
    UPDATED: 47 min ago
    $4,750,000
    • 0
      BEDS
    • 0.39
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,942
      SQFT
    • $434
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    Center Village is an extremely well maintained property with multiple exterior and interior upgrades throughout. With a dynamic unit mix consisting of fifteen(15) one bedroom one bath, four(4) two bedroom one bath and one(1) three bedroom one bath unit gives an investor the opportunity to appeal to multiple renters. Center Village has an individual laundry room as well as a RUBS program implemented, allowing additional cashflow off-setting the expenses. The property is situated west of the 5 freeway minutes from the rapidly gentrifying downtown Oceanside and Pacific Ocean. This is a great investment for any type of investor looking to add a great cash flowing property to their portfolio.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-26T07:26:31.447. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/106510383
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    1228 Division Street Oceanside, CA 92054

    • Price: $4,750,000
    • Status: Active
    • Updated: 47 min ago
    • ID#: PW20106711
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.39
    Acres
    10,942
    SQFT
    $434
    $/SQFT
    1964
    Built
    Neighborhood:
    OCE - Oceanside
    County:
    San Diego
    Area:
    OCE - Oceanside
    Property Description
    Center Village is an extremely well maintained property with multiple exterior and interior upgrades throughout. With a dynamic unit mix consisting of fifteen(15) one bedroom one bath, four(4) two bedroom one bath and one(1) three bedroom one bath unit gives an investor the opportunity to appeal to multiple renters. Center Village has an individual laundry room as well as a RUBS program implemented, allowing additional cashflow off-setting the expenses. The property is situated west of the 5 freeway minutes from the rapidly gentrifying downtown Oceanside and Pacific Ocean. This is a great investment for any type of investor looking to add a great cash flowing property to their portfolio.
    Exterior Features

    Carport Spaces 0.00 Garage Spaces 0.00 Lot Features Landscaped Lot Size Units Square Feet Parking Total 20.00 Pool Features None Pool Private YN No Property Attached YN Yes Uncovered Spaces 20.00

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Community

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.70 Community Features Suburban Country Us Elevation Units Feet Gross Income 346488.00 Gross Multiplier 13.73 Gross Operating Income 336093.00 Gross Scheduled Income 346488.00 Insurance Expense 5946.00 Land Lease YN No Laundry YN Yes Net Operating Income 228267.00 New Construction YN No New Taxes Expense 55672.00 Number Of Separate Electric Meters 20 Number Of Separate Gas Meters 20 Number Of Separate Water Meters 0 Operating Expense 107827.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 107827.00 Trash Expense 0.00 Vacancy Allowance 10395 Water Sewer Expense 0.00 Water Source Public Year Built Source Public Records Zoning R3

    Listing provided courtesy of Gary Tolfa of Triqor Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-26T07:26:31.447. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
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