515519 North Nevada Street

Oceanside CA 92054

29450 sq. ft.

Other

Currently for sale - view listing

Overview

BeachWalk apartments consists of 38-units situated on three separate parcels totaling approximately 0.75 acres with 32 detached single car garages and community laundry facilities. The three parcels are being offered as a portfolio. The subject is west of Interstate 5 and approximately six (6) blocks from the ocean. Residents are walking distance to the beach, boardwalk, pier, Oceanside transit center, and major retail facilities. Surrounded by the Oceanside Redevelopment district, the BeachWalk Apartments have potential for increased rental income or redevelopment. The subject has been well- maintained and managed by the same ownership since 2007. In recent years, select unit interiors and the building exterior have been improved. A future investor could complete a deeper renovation with high-end finishes and additional amenities such as in-unit washer and dryers to raise rents significantly. There is also potential to convert the 32 single car garages to ADUs.