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Multifamily

612 N Freeman St.

612 N Freeman St, Oceanside, CA 92054

Listing Price: $1,975,000

Cap Rate
1.70%
Number of Units
5
Occupancy
97.0%
Price/Unit
$395,000
Price/Gross SF
$1,006.63
Gross SF
1,962

Investment Overview

Marcus and Millichap is pleased to present 612 N Freeman Street, a meticulously maintained 5 unit multifamily property located in Oceanside. This property was built in 1978 and is located only 6 blocks or .4 miles to the beach. The building is 1,962 square feet situated on a 5,139 square foot lot. The unit mix consists of two 1 Bed/1Bath units and three efficient Studio/1Bath units. There are 4 single-car garages and one double-car garage with driveway space. All of the units have been renovated and meticulously maintained. The building benefits from plenty of storage space and onsite laundry. The property has a large covered lounge area and balconies for occupants to enjoy the coastal weather. Upgrades to the property include a new roof with a 10-year warranty, recent painting of the exterior, and gating for tenant privacy. Oceanside is a true SoCal beach town with a laidback vibe. The city boasts spectacular year-round weather, gorgeous beaches, a historic wooden pier, quaint New England-style harbor, and charming bungalow neighborhoods. With its wide sandy beaches and vibrant downtown, it has all the amenities of a coastal destination. The beach city has convenient access to restaurants, microbreweries, mass transit, and shops. With growing demand from San Diego and Orange County, development in Oceanside has skyrocketed in the last decade. Recent developments include the completion and grand opening of Seabird and Mission Pacific Resorts with 384 rooms by the water. Capital continues to flow into Oceanside with more developments under construction including the City Mark Project, El Corazon, Arroyo Verde Shopping Center, and Tremont Collective Mixed-use project. Oceanside residents have the luxury of unlimited activities including surfing, beach volleyball, biking, hiking, boating, and plenty more. DO NOT WALK ON PROPERTY OR DISTURB TENANTS.

Investment Highlights

  • Renovated and well maintained 5-unit complex only 6 blocks from the beach.
  • Unit mix of two 1-Bed/1 Bath units and three Studio/1 Bath units.
  • Four single car garages, one double car garage with driveway space, and extra storage space.
  • Recent upgrades including a new roof, painted exterior, laminate flooring, and cabinets.
  • Large covered lounge space surrounded by mature landscaping.

Exclusively Listed By

Multifamily

612 N Freeman St.

Listing Price: $1,975,000

Cap Rate
1.70%
Number of Units
5
Occupancy
97.0%
Price/Unit
$395,000
Price/Gross SF
$1,006.63
Gross SF
1,962

Investment Highlights

  • Renovated and well maintained 5-unit complex only 6 blocks from the beach.
  • Unit mix of two 1-Bed/1 Bath units and three Studio/1 Bath units.
  • Four single car garages, one double car garage with driveway space, and extra storage space.
  • Recent upgrades including a new roof, painted exterior, laminate flooring, and cabinets.
  • Large covered lounge space surrounded by mature landscaping.

Investment Overview

Marcus and Millichap is pleased to present 612 N Freeman Street, a meticulously maintained 5 unit multifamily property located in Oceanside. This property was built in 1978 and is located only 6 blocks or .4 miles to the beach. The building is 1,962 square feet situated on a 5,139 square foot lot. The unit mix consists of two 1 Bed/1Bath units and three efficient Studio/1Bath units. There are 4 single-car garages and one double-car garage with driveway space. All of the units have been renovated and meticulously maintained. The building benefits from plenty of storage space and onsite laundry. The property has a large covered lounge area and balconies for occupants to enjoy the coastal weather. Upgrades to the property include a new roof with a 10-year warranty, recent painting of the exterior, and gating for tenant privacy. Oceanside is a true SoCal beach town with a laidback vibe. The city boasts spectacular year-round weather, gorgeous beaches, a historic wooden pier, quaint New England-style harbor, and charming bungalow neighborhoods. With its wide sandy beaches and vibrant downtown, it has all the amenities of a coastal destination. The beach city has convenient access to restaurants, microbreweries, mass transit, and shops. With growing demand from San Diego and Orange County, development in Oceanside has skyrocketed in the last decade. Recent developments include the completion and grand opening of Seabird and Mission Pacific Resorts with 384 rooms by the water. Capital continues to flow into Oceanside with more developments under construction including the City Mark Project, El Corazon, Arroyo Verde Shopping Center, and Tremont Collective Mixed-use project. Oceanside residents have the luxury of unlimited activities including surfing, beach volleyball, biking, hiking, boating, and plenty more. DO NOT WALK ON PROPERTY OR DISTURB TENANTS.

Exclusively Listed By

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