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Oceanside, CA 92054,110 South Freeman Street
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Oceanside, CA 92054,110 South Freeman Street
Oceanside, CA 92054,110 South Freeman Street
Oceanside, CA 92054,110 South Freeman Street
Oceanside, CA 92054,110 South Freeman Street
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Nicole Van Parys & Gary Nesen

Nicole Van Parys & Gary Nesen

+1(805) 795-1880
Listed by Marie Jebavy • The Real Estate Consultants
$ 2,100,000
Est. payment /mo
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Active

110 South Freeman Street Oceanside, CA 92054

2,369 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Commercial/Residential

Listing Status Active

Purchase Type For Sale

Square Footage 2,369 sqft

Price per Sqft $886

Subdivision Oceanside

MLS Listing ID ND-24184719

Style Contemporary,Cottage

Year Built 1965

Lot Size 5,209 Sqft

Property Sub-Type Commercial/Residential

Property Description

Prime Investment Opportunity in Oceanside: Mixed-Use Property with Growth Potential This exceptional mixed-use property offers a rare investment opportunity in Oceanside. It combines commercial and residential units in a rapidly growing area. Perfectly positioned to benefit from the city's ongoing development and rising real estate values, this property presents a diversified income stream and long-term appreciation potential. Property Highlights: Mixed-Use Investment: This property features retail and residential units, providing multiple revenue sources and catering to a diverse tenant base. Prime Location Advantages: Close to Ocean: Just five blocks from the beach, enhancing the appeal of retail and residential spaces. Downtown Proximity: Within walking distance to shopping, dining, and entertainment, increasing tenant and customer demand. Adjacent to 1010 Building: Near a prominent hotel and live-work lofts, which drive foot traffic and support potential rent growth. Current Financial Performance: Commercial Units: Two retail spaces are currently rented at $1,590, with potential for rent adjustments, likely under market value. Residential Units: Two-Bedroom Unit: Recently remodeled and rented for $2800. Beach Cottage: Includes a one-car garage, on the market at $3,000. Parking: Convenient back alley with four parking spaces. Investment Growth Opportunities: Rent Increases: Potential to adjust rents across all units, mainly if current rates are below market. Appreciation Potential: Oceanside's real estate market has thrived, with property values rising significantly in recent years. Ongoing developments like the 1010 Building and other downtown enhancements are expected to boost property values further. Future Development Plans: Oceanside's 2023 Downtown Development initiatives highlight continued growth, projecting increased demand for commercial and residential spaces. This property is well-positioned to benefit from these future enhancements. Why Invest in Oceanside? Oceanside continues to be one of Southern California's thriving coastal communities, attracting investors with its favorable market trends, coastal location, and strategic city development plans. The area's investment potential is backed by ongoing growth in commercial and residential sectors, making this property an attractive opportunity for immediate revenue and long-term appreciation.

Location

State CA

County San Diego

Area 92054 - Oceanside

Zoning C

Interior

Heating Space Heater

Flooring Carpet, Vinyl

Fireplaces Type None

Laundry In Closet, Stackable

Exterior

Parking Features Garage, Parking Space, Assigned

Garage Spaces 1.0

Pool None

Community Features Storm Drains, Street Lights, Urban

Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected

View Y/N No

View None

Building

Lot Description Near Public Transit, Paved, Rectangular Lot, Walkstreet

Sewer Public Sewer

agent

Nicole Van Parys & Gary Nesen

License Partners, Private Office Advisors | License ID: 01108944

+1(805) 795-1880

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110 South Freeman Street