Detailed Introduction Of This Home
An extraordinary 10- unit multifamily property located across the street from Buccaneer Beach in Oceanside, California. The property is positioned in an irreplaceable location on a coastal bluff with 120 ft of ocean view frontage and features sweeping ocean views. SELLER FINANCING IS AVAILABLE. 1610 S Pacific presents the opportunity for an investor to enter a high-demand rental market with the potential to add value through a system renovation program. Originally constructed in 1953, the property features a unit mix of (9) 1+1 and (1) 1+2 units. Over the years, select unit interiors and the exterior have been continuously improved and several major building systems have been replaced. A future investor could complete a deeper renovation with additional amenities such as in-unit washer and dryers and raise rents significantly. There is also potential to convert the attached garage and laundry room to an accessory dwelling unit, thereby increasing the income and number of units for a new owner. (Buyer to confirm ADU potential). The Property is positioned in one of the most sought-after and rapidly developing communities in San Diego. Tenants are in the heart of Oceanside and nearby an array of community amenities, acclaimed restaurants, coffee shops, fitness studios and entertainment venues. Further, the property is walkable to the nearest light rail station, which is served by the NCTD Sprinter and connects riders from Oceanside to Downtown San Diego and beyond. Oceanside is experiencing increased growth and vitality with new businesses, resorts and restaurants opening in the immediate area. 1610 S Pacific provides investors with the opportunity to acquire a well-maintained asset with significant upside potential.