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Listing 15 out of 222
$3,900,000 Pending

202 S Nevada St.
Oceanside, CA 92054

12 units | Multi Family 5+ - MLS# 190013575
Property Photo
1/13

Description

Coastal multi-family property with a desirable unit mix, excellent cash flow potential and walkable location. Short walk to Oceanside Transit Center and downtown Oceanside dining, shopping, and entertainment. Units are mostly 2 or 3 bedroom with one-car garages. Some units have private patio yards or balconies. Newer roof with warranty. Several upgraded kitchens. Current rents are very low. Please drive by discreetly without disturbing the tenants. Property can be shown with a reasonable offer.

Features

  • Property Type: Multi Family 5+
  • Sub Type: Multi Family 5+
  • Listing Status: Pending
  • County/Area: San Diego County
  • Zip Code: 92054
  • Age: 1973
  • Stories: 2 Story
  • Units: 12 units
  • # of Baths (1): 1.5
  • # of Baths (2): 1
  • # of Baths (3): 1.5
  • # of Baths (4): 1.5
  • # of Baths (5): 2
  • # of Bedrooms (1): 3
  • # of Bedrooms (2): 1
  • # of Bedrooms (3): 2
  • # of Bedrooms (4): 2
  • # of Bedrooms (5): 2
  • # of Buildings: 1
  • # of Stories: 2
  • # of Units (1): 2
  • # of Units (2): 1
  • # of Units (3): 7
  • # of Units (4): 1
  • # of Units (5): 1
  • # of Units w/Garage: 12
  • Actual Gross Oper Income: 231636
  • Actual Gross Schd Income: 238800
  • Actual Operating Expense: 93210
  • Cap Rate Actual: 3.5
  • Cap Rate Projected: 4.5
  • Construction: Drywall, Frame, Stucco
  • Floors: Slab
  • Gross Equity: 2200000
  • Laundry: Leased
  • Listing Area: OCEANSIDE (92054)
  • Lot SqFt: 10006
  • Monthly Rent Total: 19900
  • Parking: Garages, Spaces, 3-Car
  • Price/SF of Improvments: 350
  • Proj Gardener Expense: 2400
  • Proj Gross Multiplier: 14.0
  • Proj Gross Operating Inc: 269408
  • Proj Maintenance Expense: 12000
  • Proj Operating Expense: 95476
  • Proj Prop Management Exp: 16164
  • Proj Vacancy & Credit Los: 8332
  • Proj Wtr/Sewer Expense: 13800
  • Proj. Gross Sched. Income: 277740
  • Projected F&L Ins Expense: 3500
  • Projected Gas & Electric: 3800
  • Projected Net Income: 173932
  • Projected Other Expense: 250
  • Projected Taxes Expense: 43385
  • Projected Total Expense: 95476
  • Siding: Part Fenced
  • SqFt Source: Buyer to Verify, Tax Record
  • SqFt of Improvement: 11148
  • Tenant Pays Electric: Yes
  • Tenant Pays Gas: Yes
  • Terms: Cash, Cash to New Loan
  • Unit Furnished (1): u
  • Unit Furnished (2): u
  • Unit Furnished (3): u
  • Unit Furnished (4): u
  • Unit Furnished (5): u
  • Unit Rent (1): 1900
  • Unit Rent (2): 1400
  • Unit Rent (3): 1600
  • Unit Rent (4): 1650
  • Unit Rent (5): 1650
  • Unit Rent Total (1): 3800
  • Unit Rent Total (2): 1400
  • Unit Rent Total (3): 11200
  • Unit Rent Total (4): 1650
  • Unit Rent Total (5): 1650
  • Unit Type: Apartment
Courtesy of Ray Adams Investment RE Inc

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