El Jugador 221 S Nevada St 15 Unit Apartment Building $12,996,000 CAD ($866,400 CAD/Unit) 4.36% Cap Rate Oceanside, CA 92054

Offered for sale is a premier residential multifamily investment in the vibrant downtown coastal community of Oceanside, California. This turn-key property features a highly desirable beach-close location and an attractive unit mix consisting primarily of spacious two-bedroom townhouse-style units, many with private garages. The property has undergone a complete high-end renovation, including new luxury vinyl plank flooring throughout, stunning quartz countertops, designer cabinetry, fully updated bathrooms, and fresh interior and exterior paint. Now fully stabilized at 100% occupancy with strong performing rents, this asset is in pristine condition—eliminating immediate capex needs and positioning it as a low-maintenance, high appeal investment.
The exceptional coastal location, premium renovations, desirable unit mix, and stable cash flow combine to make this a standout opportunity in a thriving market. The El Jugador Townhomes boast an outstanding "Walker's Paradise" rating with a Walk Score of 92. Residents enjoy a short four-block stroll to the Oceanside Transit Center, providing convenient bus service to nearby communities; Sprinter Rail to Escondido (including CSU San Marcos); Coaster service to downtown San Diego; and Amtrak connections to Orange County and Los Angeles.
Downtown Oceanside—offering an array of dining, shopping, and nightlife—is easily walk-able, making it a popular destination for millennials. The wide sandy beaches, iconic pier, and harbor are just six blocks away, accessible on foot or by bike.
Oceanside continues to surge in popularity among Southern California beach enthusiasts, with its sandy shores, vibrant downtown, and abundant outdoor activities including volleyball, sailing, surfing, running, biking, and golf. Ongoing new housing and hotel developments are enhancing the neighborhood, driving excitement and supporting strong long-term appreciation in this proven beach enclave.