902 S Pacific St
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902 S Pacific St
4 Unit Block of Flats £2,111,833 (£527,958/Unit) 4.14% Net Initial Yield Oceanside, CA 92054
Investment Highlights
- Seller Financing Available
- 4-Unit Value Add Opportunity
- Unobstructed Ocean Views
- Significant Short Term Rental Potential
Executive Summary
Located in Oceanside’s prime coastal zone, 902 Pacific St presents a compelling investment or development opportunity. With RT zoning, this property supports lucrative short-term rentals, projected to generate a gross annual income of $314,460, resulting in a strong cap rate of 7.9%. For long-term rental strategies, the area’s robust market can support gross annual rents of $154,020, offering a stable income with a cap rate of 4.15%. Two units are already STR licensed, while three vacant units offer immediate value-add potential through upgrades.
RT zoning allows for multifamily density expansion, maximizing unit count and rental income potential. With Oceanside’s rapid growth and property appreciation, this property is an ideal investment in a high-demand coastal market. Seller financing is available, further enhancing its appeal to investors.
RT zoning allows for multifamily density expansion, maximizing unit count and rental income potential. With Oceanside’s rapid growth and property appreciation, this property is an ideal investment in a high-demand coastal market. Seller financing is available, further enhancing its appeal to investors.
Data Room Click Here to Access
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£120,513
|
£51.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£120,513
|
£51.00
|
| Taxes |
£23,622
|
£10.00
|
| Operating Expenses |
£5,164
|
£2.19
|
| Total Expenses |
£28,786
|
£12.18
|
| Net Operating Income |
£91,727
|
£38.82
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £120,513 |
| Annual Per SF | £51.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £120,513 |
| Annual Per SF | £51.00 |
| Taxes | |
|---|---|
| Annual | £23,622 |
| Annual Per SF | £10.00 |
| Operating Expenses | |
|---|---|
| Annual | £5,164 |
| Annual Per SF | £2.19 |
| Total Expenses | |
|---|---|
| Annual | £28,786 |
| Annual Per SF | £12.18 |
| Net Operating Income | |
|---|---|
| Annual | £91,727 |
| Annual Per SF | £38.82 |
Property Facts
| Price | £2,111,833 | Apartment Style | Low Rise |
| Price Per Unit | £527,958 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Net Initial Yield | 4.14% | Building Size | 2,363 SF |
| No. Units | 4 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1937 |
| Property Subtype | Apartment | Parking Ratio | 1.27/1,000 SF |
| Price | £2,111,833 |
| Price Per Unit | £527,958 |
| Sale Type | Investment |
| Net Initial Yield | 4.14% |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 2,363 SF |
| Number of Floors | 2 |
| Year Built | 1937 |
| Parking Ratio | 1.27/1,000 SF |
Unit Amenities
- Balcony
- Yard
- Family Room
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 1 | £2,308 | - |
| 1+1 | 3 | £2,578 | - |
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Walk Score ®
Very Walkable (76)
zoning
| Zoning Code | RT (Favorable coastal zoning for Short-Term Rentals and development.) |
| RT (Favorable coastal zoning for Short-Term Rentals and development.) |
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902 S Pacific St
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