Closed

1634 1638 Burroughs St. & Moreno St.

Oceanside CA, 92054

$2,156,644


Closed

Residential

Built in 1954

Listed by Matt Robinson with MD Real Estate, Inc 619-255-3233

1634-1638 Burroughs St. & 1633-1637 Moreno St. is a 4-unit property located 0.8 miles from the beach in Oceanside, California. There is approximately 38% upside in rental income. The City of Oceanside is considered one of the strongest rental markets in North San Diego County with great demand for apartment rentals. Historical occupancy in this sub-market is estimated to be approximately 97%-100% and rental rates continue to rise over the years. This neighborhood offers excellent access to the Interstate 5, Interstate 78, and Interstate 15 freeways, which connect to major employment centers in the greater San Diego area. The subject property was built in 1954 and consists of four 2 bedroom/1 bath units that are approximately 624 square feet (2,496 total SF). There are two detached duplex buildings on a large 11,994 SF lot with four garages in total. The property has been professionally managed and well maintained over the years. Residents enjoy private yard spaces, driveway parking, newer dual paned windows, laundry hook ups, being west of Interstate 5, and the 1950's charm. The property also has ADU potential with the large 0.28 AC lot and the garages to expand from. A value add opportunity. Unit square footage is estimated based on the number provided by title and the appraisal. Buyer to verify on their own.

240007977SD

MLS ID

April 13, 2024

Listed

May 25, 2024

Updated

Map

1634 1638 Burroughs St. & Moreno St.
Oceanside CA, 92054

Interior Features

Total Stories

1


Appliances

Gas Water Heater


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

0.28 Acres


Lot Features

Sprinkler System


Roof

Composition

Other Property Details

Area Name

92054 - Oceanside


Days on Market

9


Garage

No


Parking Total

0


View

No


County

San Diego


Pool

No


Zoning

RS


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

5/22/2024

Sold

$2,156,644

4/22/2024

Pending

Listing Contact: 619-255-3233 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/25/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/25/2024 at 2:26 AM UTC

 

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