521 South Freeman Street

Oceanside, CA 92054

$2,500,000
Price
8
Beds
6
Baths
3,633 Sq. Ft.
$688 / Sq. Ft.
3,633
Sq. Ft.
$688
per Sq. Ft.

Description

Well maintained 5 unit building west of 5 freeway. A block east of coast highway the tenants enjoy being blocks from downtown oceanside, beach, shopping, resturants & mass transportation . Building consist of three - 2 bedroom units and two - 1 bedroom units. All units have a separate private single car garage. Fenced private common patio area. Freshly painted exterior. Pride of ownership. There's additional income from a separate 6th car garage & seller owned laundry eq. Rents below market with...Well maintained 5 unit building west of 5 freeway. A block east of coast highway the tenants enjoy being blocks from downtown oceanside, beach, shopping, resturants & mass transportation . Building consist of three - 2 bedroom units and two - 1 bedroom units. All units have a separate private single car garage. Fenced private common patio area. Freshly painted exterior. Pride of ownership. There's additional income from a separate 6th car garage & seller owned laundry eq. Rents below market with great upside potential for inceases.
  1. Listed by Russell Coats • DRE #00544028 • Brokerage DRE #01370696 • Horizon Pacific Realty • russell@horizonpacificrealty.com

Property Details for 521 South Freeman Street

Parking Spaces Total
6
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3633
Assessor Parcel Number
150-203-05-00
Property Attached YN
true

Location

Listing Courtesy of Horizon Pacific Realty, Russell Coats, DRE #00544028
Add your commute
LISTING UPDATED: 05/03/2024 08:27 AM

Property Details for 521 South Freeman Street

StatusActive
MLS #NDP2403538
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1980
Lot Size0.11 AC / 4,922 SF
CountySan Diego County

Location

Listing Courtesy of Horizon Pacific Realty, Russell Coats, DRE #00544028
Add your commute

Building Information for 521 South Freeman Street

Stories2Residences-Year Built1980Building Size-Lot Size0.11 AC / 4,922 SF

Payment Calculator

$14,582 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,644

Property Taxes

$938

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 521 South Freeman Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $144,320
  • Gross Scheduled Income: $142,320
  • Vacancy Allowance: 0
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $142,320
  • Net Operating Income: $101,298
  • Number Of Rented Garages: 1
  • Garage Rental Rate: $250
  • Garage Income: $3,000
  • Laundry Income: $2,400
  • Cap Rate: 4.06
Expense Details
  • Operating Expense: $41,022
  • New Taxes Expense: $30,000
  • Gardener Expense: $600
  • Fuel Expense: $0
  • Licenses Expense: $150
  • Electric Expense: $600
  • Insurance Expense: $3,414
  • Maintenance Expense: $900
  • Professional Management Expense: $0
  • Other Expense: $65
  • Trash Expense: $360
  • Water Sewer Expense: $4,200
  • Total Expenses: $41,022
Tax / Assessment Info
  • Tax Block: 33
  • Tax Tract Number: 000219
  • CFD/Mello-Roos Fee: $90
  • Tax Lot: 6
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Electric Oven, Disposal, Gas Cooktop, Gas Water Heater, Refrigerator
  • Equipment: Community, Other, Refrigerator, Room
Exterior Features
  • Roof: Composition
  • Entry Location: 1
  • Fence: No
  • Foundation Details: Concrete Perimeter
  • Property Condition: Turnkey, Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street, Level, Near Public Transit
  • Direction Faces: East
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Frontage Type: City Street, Alley
  • Sewer: Public Sewer
  • Utilities: Electricity Connected
  • Electric: Electricity Connected
Parking Info
  • Garage Spaces: 6
  • Parking: Yes
  • Parking Garage: Assigned, Garage, Garage - 1 Car, Private
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
  • Parking Features: Assigned, Garage, Garage Faces Rear, Garage Faces Side, Garage - Single Door, Off Street, Private
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,825
  • Unit Type Total Rent: $33,900
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,800
  • Unit Type Total Rent: $33,600
  • Unit Type Pro Forma: 2850
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $26,400
  • Unit Type Pro Forma: 2850
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,710
  • Unit Type Total Rent: $20,520
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,875
  • Unit Type Total Rent: $22,500
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 4
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Number Wall AC: 0

Property History for 521 South Freeman 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 521 South Freeman Street

Taxable ValueLand$568,113Additions$441,865Total$1,009,978
Tax Record2023$11,255 ($938 / month)
Home Facts
Total Finished SqFt3,633 SqFtAbove Grade Finished SqFt3,633 SqFtLot Size4,922 SqFtStyleMulti-Family Res (5+ Units)Year Built1980ZoningR-3:RESTRICTECountySAN DIEGOAPN150-203-05-00

Schools near 521 South Freeman 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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521 South Freeman Street is a multi-family home for sale in Oceanside, CA 92054. This property was listed for sale on April 26, 2024 by Horizon Pacific Realty, it's currently listed at $2,500,000. It has been on the market for a total of 11 days and was last sold on October 10, 2007. This listing's school district is Oceanside Unified School District. Nearby schools include South Oceanside Elementary School, Lincoln Middle School and Oceanside High School. 521 South Freeman Street is a 8-bed, 6-bath, 3,633 sqft multi-family home built in 1980.

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Listing Courtesy of Horizon Pacific Realty, Russell Coats, DRE #00544028

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