1611 South Tremont Street

Oceanside, CA 92054

$1,650,000
Price
Beds
1,026 Sq. Ft.
$1,608 / Sq. Ft.
1,026
Sq. Ft.
$1,608
per Sq. Ft.

Description

UNIQUE INVESTMENT OPPORTUNITY Situated in the heart of Oceanside, this property offers a prime development opportunity just a short 5-minute walk from the beach. Permit-ready development featuring an existing home that will remain, comprising of a cozy 3-bedroom and 1-bathroom spanning 1,026 square feet. The plans are approved for the construction of two additional 2-story duplexes, adding a combined 3,200 square feet of rentable space. This property presents an excellent chance for expansion and...UNIQUE INVESTMENT OPPORTUNITY Situated in the heart of Oceanside, this property offers a prime development opportunity just a short 5-minute walk from the beach. Permit-ready development featuring an existing home that will remain, comprising of a cozy 3-bedroom and 1-bathroom spanning 1,026 square feet. The plans are approved for the construction of two additional 2-story duplexes, adding a combined 3,200 square feet of rentable space. This property presents an excellent chance for expansion and increased rental income. Enjoy the convenience of beachside living and the allure of coastal amenities, all within easy reach. Don't miss out on this rare opportunity to invest in a sought-after location in Carlsbad. For more information get in touch with us today.
  1. Listed by Nicolas Biancamano • DRE #01519100 • Brokerage DRE #01842039 • PE Management Group Inc • nbiancamano@pacificaent.com

Property Details for 1611 South Tremont Street

Parking Spaces Total
1
Private Pool
No
Total Units
1.0
Building Type
Detached
Lot Size Source
Public Records
Living Area
1026
Property Attached YN
false
Common Walls
No Common Walls

Location

Listing Courtesy of PE Management Group Inc, Nicolas Biancamano, DRE #01519100
Add your commute
LISTING UPDATED: 04/04/2024 09:08 AM

Property Details for 1611 South Tremont Street

StatusPending
MLS #NDP2402400
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.19 AC / 8,132 SF
CountySan Diego County

Location

Listing Courtesy of PE Management Group Inc, Nicolas Biancamano, DRE #01519100
Add your commute

Building Information for 1611 South Tremont Street

Stories1Residences-Year Built1950Building Size-Lot Size0.19 AC / 8,132 SF

Payment Calculator

$9,900 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,005

Property Taxes

$895

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1611 South Tremont Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $44,500
  • Gross Scheduled Income: $44,500
  • Net Operating Income: $21,800
  • Cap Rate: 1.3
Expense Details
  • Operating Expense: $22,700
  • New Taxes Expense: $19,200
  • Insurance Expense: $2,000
  • Trash Expense: $1,500
  • Total Expenses: $22,700
Tax / Assessment Info
  • Tax Tract Number: 622
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 153-115-18-00
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Golf, Biking, Watersports
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: Front
  • Fence: No
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lawn, Level
  • Number Of Units: 1
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking: No
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
Unit Information
Unit Information
  • Number Of Units Leased: 1
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 1611 South Tremont Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1611 South Tremont Street

Taxable ValueLand$840,942Additions$126,140Total$967,082
Tax Record2023$10,740 ($895 / month)
Home Facts
Beds3Total Finished SqFt1,026 SqFtAbove Grade Finished SqFt1,026 SqFtLot Size8,132 SqFtStyleSingle Family ResidenceYear Built1950ZoningR-3:RESTRICTECountySAN DIEGOAPN153-115-18-00

Schools near 1611 South Tremont Street

This home is within Oceanside Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
South Oceanside Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Oceanside High School
Public9 to 12

Surfside Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of PE Management Group Inc, Nicolas Biancamano, DRE #01519100

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