1634 Burroughs Street

Oceanside, CA 92054

$2,200,000
Price
8
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
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 • Brokerage DRE #01411216 • MD Real Estate, Inc

Property Details for 1634 Burroughs Street

Zoning
RS
Cross Streets
Whaley St.
Source Living Area
404
Area
Oceanside (OCE)
Lot Size Area
11994
Home owner Dues
$0
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0

Location

Listing Courtesy of MD Real Estate, Inc, Matt Robinson, DRE #01491108
Add your commute
LISTING UPDATED: 04/22/2024 01:43 PM

Property Details for 1634 Burroughs Street

StatusPending
MLS #240007977SD
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.28 AC / 11,994 SF
CountySan Diego County

Location

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

Building Information for 1634 Burroughs Street

Stories1Residences-Year Built1954Building Size-Lot Size0.28 AC / 11,994 SF

Payment Calculator

$12,006 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,006

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1634 Burroughs Street

Community / Development
Community / Development
  • Complex Name: N/A
  • Number Of Units: 4
  • Association Fees Include: N/K
  • Builders Tract Name: West of I-5
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 1
  • View: No
  • Security Features: None
  • Water: Meter on Property
  • Sewer: Sewer Connected
  • Water Heater Features: Gas
  • Water District: CITY OF OCEANSIDE
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $60,393.00
  • Gross Scheduled Income: $99,300
  • Cap Rate: 2.75%
  • Gross Rent Multiplier: $22.16
  • Other Income1: $.00
  • Total Annual Expense: 36921
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
  • Lot Acreage: 0.28
  • Lot Description: Sidewalks, Street Paved, West of I-5
  • Lot Location: Corner Lot
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: None
  • Heating Type: Natural Gas, Wall
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Composition
  • Fence: Partial
  • Sprinklers: Sprinkler System
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional, Exchange
  • Tenant Pays: Cable TV, Electricity, Gas/Propane
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $1,850.00
  • Unit Actual Rent: $1,850.00
  • Unit Projected Rent: $2,850.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $1,850.00
  • Unit Actual Rent: $1,850.00
  • Unit Projected Rent: $2,850.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $2,500.00
  • Unit Projected Rent: $2,850.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $2,075.00
  • Unit Actual Rent: $2,075.00
  • Unit Projected Rent: $2,850.00
  • Like Units: 1

Property History for 1634 Burroughs Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 1634 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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