810 Acacia Ave

Description

Nestled just under 2 miles from the iconic Oceanside Pier, 810 Acacia Ave offers a prime value-add investment opportunity in the rapidly growing Oceanside market. This 4-unit property, built in 1963, sits on an above grade raised lot in a low-density residential neighborhood. Featuring a desirable unit mix of spacious 2-bedroom, 1-bath units, the property boasts a solid concrete slab foundation, a durable pitched roof, and off-street parking in the rear. The property is ideally situated across from Mission Elementary and Jefferson Middle School and provides residents with convenient access to the beach, shopping, transportation, and local schools. Additionally, an unused laundry room presents an immediate income-generating opportunity for the new owner as well as an added amenity for the residents. Current ownership has implemented strategic improvements, including re-routing plumbing out of the slab to prevent costly slab leaks. Starting February 1, 2025, rent increases will go into effect, further boosting cash flow. Ownership has also instituted RUBS (Ratio Utility Billing System) at $150 per unit per month, ensuring efficient utility cost recovery. With an impressive 60% upside potential, this property is a rare find for investors seeking a strong return in one of Southern California’s most desirable coastal markets

Listing information courtesy of: Gary Kaufman, South Coast Commercial, Inc. 619-226-6011. *Based on information from the Association of REALTORS/Multiple Listing as of 02/11/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.