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Investment Highlights

  • Newly Constructed Triplex
  • Close Proximity to the Beach
  • Fully Renovated Property

Executive Summary

Each unit is thoughtfully designed with private garages and covered carports, complemented by high-quality interior finishes including custom cabinetry, in-unit washer/dryer hookups, efficient mini-split HVAC systems, and dual vanities in primary suites. The property also includes a fire suppression system and low-maintenance landscaping, supporting ease of ownership and reduced ongoing expenses.
Built with long-term efficiency and durability in mind, the asset features copper plumbing throughout, separately metered water and electric, new copper service lines, a 6-inch ABS main sewer line, and individual shut-offs. One unit is equipped with owned solar, providing additional utility savings and operational efficiency.
This turnkey coastal asset offers minimal deferred maintenance and strong income potential in one of North County San Diego’s most desirable rental markets. With modern construction, premium finishes, and a highly functional unit mix, the property is well-positioned to attract quality tenants and achieve stable, long-term returns.

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $153,729 $39.02
Other Income - -
Vacancy Loss - -
Effective Gross Income $153,729 $39.02
Taxes - -
Operating Expenses - -
Total Expenses $45,010 $11.42
Net Operating Income $108,719 $27.59

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $153,729
Annual Per SF $39.02
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $153,729
Annual Per SF $39.02
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $45,010
Annual Per SF $11.42
Net Operating Income (CAD)
Annual $108,719
Annual Per SF $27.59

Property Facts

Price $2,651,688 CAD
Price Per Unit $883,896 CAD
Sale Type Investment
Cap Rate 4.10%
Sale Condition 1031 Exchange
Gross Rent Multiplier 17.2
No. Units 3
Property Type
Multifamily
  • Multifamily Apartments
Building Size 3,940 SF
Average Occupancy 100%
No. Stories 2
Year Built 2025

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 1 $3,926 CAD 1,228 - 1,258
3+2 2 $4,442 CAD 1,356
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
  • Listing ID: 40195292

  • Date on Market: 2026-04-17

  • Last Updated:

  • Address: 1417 Lemon St, Oceanside, CA 92058

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