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718-722 N Freeman St 8 Unit Apartment Building $4,963,175 CAD ($620,397 CAD/Unit) 3.30% 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 4%. 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! New Fencing. Newer Roofs and Windows. 3 units have been completely remodeled. Seller is remodeling and increasing rents as tenants move out.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $4,963,175 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $620,397 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 3.30% | Building Size | 8,500 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 75% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2025 |
| Property Subtype | Apartment | Parking Ratio | 1.18/1,000 SF |
| Zoning | R-3 - Residential each parcel is zoned R-3 for a total of 6 units. | ||
| Price | $4,963,175 CAD |
| Price Per Unit | $620,397 CAD |
| Sale Type | Investment |
| Cap Rate | 3.30% |
| Sale Condition | 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 |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2025 |
| Parking Ratio | 1.18/1,000 SF |
| Zoning | R-3 - Residential each parcel is zoned R-3 for a total of 6 units. |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 450 - 500 |
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $178,283 CAD | |
| Land Assessment | $82,099 CAD | Total Assessment | $260,382 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$82,099 CAD
Improvements Assessment
$178,283 CAD
Total Assessment
$260,382 CAD
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718-722 N Freeman St
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