110 Freeman Street

110 Freeman Street

D

Oceanside, CA 92054

$1,800,000

Beds

Baths

Sqft

2,369

Year Built

1965

Days on Market

32

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

ND26046626

View on MLS

Description

Prime Mixed-Use Investment Opportunity in Oceanside – Coastal Growth & Income PotentialExceptional mixed-use property located just five blocks from the beach and within walking distance to downtown Oceanside’s vibrant shops, restaurants, and entertainment. This prime asset offers a rare opportunity to own retail and residential units in one of North County’s fastest-growing coastal markets.Property OverviewMixed-Use Configuration: 2 Retail Units + 2 Residential UnitsParking: 4 rear alley parking spaces, one car garageLocation: Prime coastal corridor near downtown and beach accessIncome-Producing Property with Upside PotentialIncome DetailsCommercial UnitsTwo retail spaces are currently leased at $924.50 each.Strong potential for rent increases (appears below market)Residential UnitsRecently remodeled 2-bedroom unit leased at $2,400Detached beach cottage with one-car garage currently marketed at $2,700Investment HighlightsFive blocks to the beach – highly desirable coastal locationWalkable to downtown amenities, increasing tenant appealAdjacent to the prominent 1010 Building (hotel and live-work lofts), driving foot traffic and area revitalizationDiversified income stream with residential and commercial tenantsOpportunity to adjust rents and increase NOIPositioned to benefit from ongoing downtown redevelopment and long-term appreciation trendsOceanside continues to experience strong growth fueled by coastal demand, mixed-use development, and urban enhancements. This property is well-positioned for investors seeking stable cash flow with future upside in a dynamic beach community.Ideal for 1031 exchange buyers, value-add investors, or long-term hold strategies.

Mortgage Calculator

Est. Monthly Payment

$11,427

Principal & Interest$9,102
Property Tax$1,800
Insurance$525
%($360,000)
%

Investment Score

0D
Est. Monthly Rent
$4,946
Monthly Cashflow

Rent − PITIA

$-6,481
Full Cashflow

Incl. vacancy, PM, maint, capex

$-9,118

Mortgage (P+I)
$9,102
Cap Rate
-0.01%
Cash-on-Cash
-30.39%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.43
Break-even Rent
$16,788

NOI (Annual)
$-199
Price-to-Rent

Lower = better for investors

30.3

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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