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1232 Division St

Oceanside CA 92054

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Currently for sale - view listing

Overview

We are pleased to present 1232 Division St, a well maintained 6-unit apartment complex located in the coastal neighborhood of Oceanside, San Diego. The property is comprised of one (1) studio, two (2) one-bedroom/ one-bathroom units, two (2) two-bedroom units, and one (1) three-bedroom unit that total approximately 5,400 rentable square feet. The property contains three (3) single-car garages. All units are separately metered for electric and on one meter for water. RUBs are in-place. Overall, Oceanside?s rents have grown by 10.8% in the past year and the 2.0% vacancy rate is trending at an all-time low. The property presents the potential to capture significant rent premiums by leveraging rental market momentum and executing an interior and exterior renovation program. Notably, the downtown Oceanside district is steeped in many new development projects, including luxury condominiums, beachfront hotels, timeshares, retail, and commercial space. The 78 Corridor boasts one of the most diverse, dynamic economies in the country, with high paying technical manufacturing jobs fortified by ViaSat, Genentech, Ionis Pharmaceuticals, and Fisher Scientific. Camp Pendleton, with its large daily population of 80,000 personal, also contributes significantly to the inelastic source of demand for housing. View More: https://www.marcusmillichap.com/properties/157612/1232-division-st

Features

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Property history for 1232 Division St

2018
Sold
$1,232,000
31 Jul 2018

Happy sellers in Oceanside

96%
96% of sellers in Oceanside reported that their sale price either exceeded or met their price expectations.

Oceanside stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 13 reviews in Oceanside over the last 12 months.

Local market activity for other properties in Oceanside

In the last 12 months, 38 other properties similar to 1232 Division St, have been sold.

This represents a 47% increase in other properties sales when compared to the previous 12 months.

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