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Ocean Views + Value Add Opportunity 920 S Pacific St 10 Unit Apartment Building $7,062,680 CAD ($706,268 CAD/Unit) 3.21% Cap Rate Oceanside, CA 92054
Investment Highlights
- Irreplaceable Coastal Real Estate Near the Oceanside Pier
- Strong Unit Mix: (4) 2Bedroom Units; (6) 1Bedroom Units
- Each Unit Has Private Patio
- Across the Street from the Sand w/ Ocean Views
- Value Add Opportunity w/ 46% Upside in Rental Income
- Pride of Ownership Property / Legacy Asset
Executive Summary
West of S Coast Hwy 101 and across the street from the sand, this 10-Unit multifamily property is truly unique offering prime coastal real estate, ocean views, and 46% upside in rental income. The property consists of four (4) 2Bedroom / 1Bathroom units, and six (6) 1Bedroom / 1Bathroom units and is situated on a 7,417sf lot. Tenants are just a short walk across the street to sand, and are nearby downtown shops and restaurants, the Oceanside Pier, and the Mission Pacific Hotel / Seabird Ocean Resort. Don’t miss the opportunity to acquire this incredible value-add community in one of San Diego’s most sought after coastal markets.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$401,024
|
$76.88
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$12,031
|
$2.31
|
| Effective Gross Income |
$388,993
|
$74.58
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$162,180
|
$31.09
|
| Net Operating Income |
$226,813
|
$43.48
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $401,024 |
| Annual Per SF | $76.88 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $12,031 |
| Annual Per SF | $2.31 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $388,993 |
| Annual Per SF | $74.58 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $162,180 |
| Annual Per SF | $31.09 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $226,813 |
| Annual Per SF | $43.48 |
Property Facts
| Price | $7,062,680 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $706,268 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 3.21% | Building Size | 5,216 SF |
| Gross Rent Multiplier | 17.61 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1947 |
| Property Subtype | Apartment | ||
| Zoning | RT - Residential | ||
| Price | $7,062,680 CAD |
| Price Per Unit | $706,268 CAD |
| Sale Type | Investment |
| Cap Rate | 3.21% |
| Gross Rent Multiplier | 17.61 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,216 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1947 |
| Zoning | RT - Residential |
Amenities
- Smoke Detector
Unit Amenities
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Patio
- Window Coverings
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $3,973 CAD | 590 |
| 1+1 | 6 | $2,920 CAD | 476 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 150-354-05 | Improvements Assessment | $646,206 CAD (2025) |
| Land Assessment | $301,549 CAD (2025) | Total Assessment | $947,755 CAD (2025) |
Property Taxes
Parcel Number
150-354-05
Land Assessment
$301,549 CAD (2025)
Improvements Assessment
$646,206 CAD (2025)
Total Assessment
$947,755 CAD (2025)
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Ocean Views + Value Add Opportunity | 920 S Pacific St
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