810 Acacia Ave Oceanside, CA 92058
Active
$1,500,000
4 Units
8 Beds
4 Baths
n/a Area(sq.ft.)
6,098 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | $ 1,650 | $ 1,650 | $ 2,600 | |
| Unit 2 | 1 | 2 | 1 | $ 1,650 | $ 1,650 | $ 2,600 | |
| Unit 3 | 1 | 2 | 1 | $ 1,650 | $ 1,650 | $ 2,600 | |
| Unit 4 | 1 | 2 | 1 | $ 1,500 | $ 1,500 | $ 2,600 | |
| 4 | 4 | 8 | 4 | $ 6,450 | $ 6,450 | $ 10,400 |
| MLS #: | 250016898SD |
| Days On Market: | 7 |
| County: | San Diego |
| Property Type: | Residential Income |
| Price per unit: | $ 375,000 |
| Year Built: | 1963 |
Property Details
Nestled just under 2 miles from the iconic Oceanside Pier, 810 Acacia Ave offers a prime value-add investment opportunity in the rapidly growing Oceanside market. This 4-unit property, built in 1963, sits on an above grade raised lot in a low-density residential neighborhood. Featuring a desirable unit mix of spacious 2-bedroom, 1-bath units, the property boasts a solid concrete slab foundation, a durable pitched roof, and off-street parking in the rear. The property is ideally situated across from Mission Elementary and Jefferson Middle School and provides residents with convenient access to the beach, shopping, transportation, and local schools. Additionally, an unused laundry room presents an immediate income-generating opportunity for the new owner as well as an added amenity for the residents. Current ownership has implemented strategic improvements, including re-routing plumbing out of the slab to prevent costly slab leaks. Starting February 1, 2025, rent increases will go into effect, further boosting cash flow. Ownership has also instituted RUBS (Ratio Utility Billing System) at $150 per unit per month, ensuring efficient utility cost recovery. With an impressive 60% upside potential, this property is a rare find for investors seeking a strong return in one of Southern Californias most desirable coastal marketsInterested in this Listing?
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Income Details
| Total Annual Expense: | $ 27,850 |
| Net Operating Income: | $ 53,366 |
| Cap Rate: | 3.6% |
| Gross Rent Multiplier: | 17.70 |
Structure
| Amenities: | Laundry Facilities |
| Levels: | Two |
| Complex Name: | Acacia 4 Plex |
| Security Features: | None |
| Sewer: | Sewer Connected |
| Water: | Meter on Property |
Land & Parking
Interior
| AC/Cooling: | None |
| Heating: | Wall |
Exterior
| Pool: | No |
| Roof: | Composition |
| Spa: | No |
Detailed Map
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Income
