1634-1638 Burroughs Street

Oceanside, CA 92054

$2,200,000
Price
8
Beds
4
Baths
2,496 Sq. Ft.
$881 / Sq. Ft.
2,496
Sq. Ft.
$881
per Sq. Ft.

Description

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...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.
  1. Listed by Matt Robinson • DRE #01491108 • MD Real Estate, Inc

Property Details for 1634-1638 Burroughs Street

Area
92054 - Oceanside
Neighborhood
West of I-5
Community
OCEANSIDE
City Postal ID
OCEANSIDE (92054)
Cross Street(s)
Whaley St.

Location

Listing Courtesy of MD Real Estate, Inc, Matt Robinson, DRE #01491108
Add your commute
LISTING UPDATED: 04/22/2024 01:35 PM

Property Details for 1634-1638 Burroughs Street

StatusPending
MLS #240007977
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.28 AC / 12,196 SF
CountySan Diego County

Location

Listing Courtesy of MD Real Estate, Inc, Matt Robinson, DRE #01491108
Add your commute

Building Information for 1634-1638 Burroughs Street

Stories1Residences-Year Built1954Building Size-Lot Size0.28 AC / 12,196 SF

Payment Calculator

$12,109 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,006

Property Taxes

$103

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1634-1638 Burroughs Street

Summary Information
Property and Location
  • System ID: 240007977
  • Class: 2-4 UNITS
  • Levels: 1 Story
  • Year Built: 1954
  • Street Number Numeric: 1634
  • Street Name: Burroughs St. & Moreno St.
  • Age Restrictions: N/K
  • Market Area: Coastal North
  • Elementary School: Oceanside Unified School District
  • Middle School: Oceanside Unified School District
  • High School: Oceanside Unified School District
  • Middle School URL: http://www.oside.k12.ca.us/
HOA and Fees
  • Home Owner Fees: $0
  • Home Owners Fee Includes: N/K
  • Monthly Total Fees: $0
  • CFD/Mello-Roos Fee: $0
  • Other Fees: $0
  • Other Fee Type: N/K
Interior and Exterior Features
Interior Features
  • Num of Units w/Dishwashers: 0
  • Num of Units w/Cooling: 0
  • Cooling: None
  • Heat Equipment: Wall/Gravity
  • Water Heater Type: Gas
  • Heat Source: Natural Gas
Exterior Features
  • Exterior: Wood/Stucco
  • Roof: Composition
  • Fencing: Partial
  • Security: N/K
Property Information
Property and Assessments
  • Total Stories: 1
  • Entry Only: No
  • Lot Size: .25 to .5 AC
  • Lot Size Source: Title Company
  • Topography: Level
  • Site: Corner Lot, Public Street, Sidewalks, Street Paved, West of I-5
  • Zoning: RS
  • Complex/Park: N/A
  • Assessors Parcel Num: 153-152-09-00
Utilities
  • Water: Meter on Property
  • Water District: CITY OF OCEANSIDE
  • Water District URL: www.ci.oceanside.ca.us/WaterUtilities/Default.asp
  • Sewer/Septic: Sewer Connected
  • Irrigation: Sprinklers
Multi Family Information
Unit 1
  • Unit Num for Unit 1: 1633
  • Parking Garage Unit 1: Assigned
  • Parking Non-Garage Unit 1: Uncovered
  • Unit 1 Num of Bedrooms: 2
  • Unit 1 Num of Total Baths: 1
  • Unit 1 Deposit: $1,000
  • Unit 1 Estimated SqFt: 624
  • Unit 1 Exclusive Use Yard: Yes
  • Unit 1 Laundry Hook Ups: Yes
  • Unit 1 Occupied: Tenant
  • Unit 1 Prkng Garage Space: 1
  • Unit 1 Projected Rent: $2,850
  • Unit 1 Rent Actual: $1,850
Unit 2
  • Unit Num for Unit 2: 1634
  • Parking Garage Unit 2: Assigned
  • Parking Non-Garage Unit 2: Uncovered
  • Unit 2 Num of Bedrooms: 2
  • Unit 2 Num of Total Baths: 1
  • Unit 2 Deposit: $125
  • Unit 2 Estimated SqFt: 624
  • Unit 2 Exclusive Use Yard: Yes
  • Unit 2 Laundry Hook Ups: Yes
  • Unit 2 Occupied: Tenant
  • Unit 2 Prkng Garage Space: 1
  • Unit 2 Projected Rent: $2,850
  • Unit 2 Rent Actual: $1,850
Unit 3
  • Unit Num for Unit 3: 1637
  • Parking Garage Unit 3: Assigned
  • Parking Non-Garage Unit 3: Uncovered
  • Unit 3 Num of Bedrooms: 2
  • Unit 3 Num of Total Baths: 1
  • Unit 3 Deposit: $2,900
  • Unit 3 Estimated SqFt: 624
  • Unit 3 Exclusive Use Yard: Yes
  • Unit 3 Laundry Hook Ups: Yes
  • Unit 3 Occupied: Tenant
  • Unit 3 Prkng Garage Space: 1
  • Unit 3 Projected Rent: $2,850
  • Unit 3 Rent Actual: $2,500
Unit 4
  • Unit Num for Unit 4: 1638
  • Parking Garage Unit 4: Assigned
  • Parking Non-Garage Unit 4: Uncovered
  • Unit 4 Num of Bedrooms: 2
  • Unit 4 Num of Total Baths: 1
  • Unit 4 Deposit: $1,800
  • Unit 4 Estimated SqFt: 624
  • Unit 4 Exclusive Use Yard: Yes
  • Unit 4 Laundry Hook Ups: Yes
  • Unit 4 Occupied: Tenant
  • Unit 4 Prkng Garage Space: 1
  • Unit 4 Projected Rent: $2,850
  • Unit 4 Rent Actual: $2,075
Building Details
  • Heating: Natural Gas

Property History for 1634-1638 Burroughs 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 1634-1638 Burroughs Street

Taxable ValueLand$41,168Additions$61,871Total$103,039
Tax Record2020$1,239 ($103 / month)
Home Facts
Total Finished SqFt2,496 SqFtAbove Grade Finished SqFt2,496 SqFtStyleMulti-Family Dwelling (2-4)Year Built1954Year Renovated1954ZoningR1CountySAN DIEGOAPN1531520900

Schools near 1634-1638 Burroughs 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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Listing Courtesy of MD Real Estate, Inc, Matt Robinson, DRE #01491108

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