1202 Pacific Street

1202 Pacific Street

D

Oceanside, CA 92054

$2,895,000

Beds

4

Baths

2

Sqft

1,844

Year Built

1974

Days on Market

124

Property Type

Condo

HOA/mo

$1,350

MLS ID

NDP2510425

Description

PENTHOUSE ON THE WATER FOR SALE! That's an incredibly rare thing to hear!!! This west-facing home is as close to the surf and sand in the Oceanside harbor as one can get. Mesmerizing and forever 180 degree coastline views every single day from this end unit! This is a single-story home on the top floor (the building has an elevator to take you to the 4th floor). Unit is one of only two existing ocean-facing residential penthouse homes in the entire harbor. This happens to be the largest unit and has the most ideal southwest building location and views. Home comes with 2 reserved parking spaces and is the only home with in-unit laundry! A complete renovation was just completed inside with new flooring, large quartzite kitchen island and fun yet sophisticated kitchen decor. Wolf oven, Miele dishwasher, SubZero beverage fridge are all brand new. Smooth finish interior walls, Toto Washlet bidet toilets, recirculating master bath tub. Elegant design and modern finishes throughout. 3 large bedrooms and a versatile den / 4th bedroom option. With the living room stone fireplace burning while holding your favorite beverage, it may be the most perfect way to enjoy the evening solar light show over the Pacific imaginable. The large private balcony offers endless ocean air. Walk to numerous restaurants in under 5 minutes. Just standing inside this home almost matches the excitement of standing on a surfboard.... Now picture yourself doing both before lunchtime every day, without ever getting in the car!!!

Mortgage Calculator

Est. Monthly Payment

$19,728

Principal & Interest$14,639
Property Tax$2,895
Insurance$844
HOA$1,350
%($579,000)
%

Investment Score

0D
Est. Monthly Rent

Market Rent Estimate

$7,068
Monthly Cashflow

Rent − PITI − HOA

$-12,660
Full Cashflow

Incl. vacancy, PM, maint, capex

$-16,698

Mortgage (P+I)
$14,639
Cap Rate
-0.85%
Cash-on-Cash
-26.24%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.48
Break-even Rent
$19,728

NOI (Annual)
$-24,710
Price-to-Rent

Lower = better for investors

34.1

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

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