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1417 Lemon St 3 Unit Apartment Building Offered at $2,651,688 CAD at a 4.10% Cap Rate Oceanside, CA 92058



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.
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
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 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
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1417 Lemon St
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