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Divine Fog Realty San Diego
sandiegoadmin@divinefogrealty.com$ 1,890,000
Est. payment | /mo
$ 1,890,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250044740SD
HOA Y/N No
Property Sub-Type Mixed Use
Property Description
We are pleased to present 612 N Freeman Street, a well-located, partially rehabilitated five-unit multifamily property in the heart of Oceanside, just six blocks (.4 miles) from the beach. Built in 1978, the property spans approximately 1,962 square feet and sits on a 5,139 square foot lot. The unit mix consists of two 1-bedroom/1-bath units and three studio/1-bath units, offering strong appeal to a diverse tenant base. This value-add asset has already seen targeted renovations. Units 4 and 5 have been updated with new flooring, counters, vanities, light fixtures, and mirrors. Units 2 and 5 received refinished tubs and showers, while unit 2 has also been significantly refreshed. In addition, SB 721 balcony inspections and required repairs have been completed, reducing future deferred maintenance for the new owner. Unit 3 is in need of renovation, offering immediate upside potential. The property features four single-car garages and one double-car garage with additional driveway parking, plus ample storage and onsite laundry. A large covered outdoor lounge area enhances the tenant experience and captures the appeal of the coastal lifestyle. Other upgrades include a new roof with a 10-year warranty, fresh exterior paint, and secured gating for tenant privacy. Leases for Units 1 through 4 are month-to-month, providing operational flexibility and rent upside. With consistent population and rent growth, plus proximity to both San Diego and Orange County, 612 N Freeman Street offers investors a rare opportunity to acquire a well-located coastal asset with immediate upside.
Location
State CA
County San Diego
Area 92054 - Oceanside
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Roof Type Tar/Gravel
Total Parking Spaces 9
Others
Tax ID 1470570800
Listed by Conor Brennan Marcus & Millichap
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "