
1330 Bush Street
Ctop 80%Oceanside, CA 92058Neighborhood: Eastside Capistrano
22 licensed short-term rentals within ½ mile (22 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$4,956/mo full cashflow at 20% down, 7.36% rate.
Works at $500,450 (56% under asking), or at 83% down.
Rent $4,967/mo from 9 leases of houses within 1 mi, size-adjusted ($4,472–$5,316).
Beds
5
Baths
3
Sqft
1,826
Year Built
1958
Days on Market
83
Property Type
Single Family
HOA/mo
N/A
MLS ID
OC26183462
This property is in Oceanside (92058). Browse neighborhood analytics →
About This Property
Welcome to this Coastal R3 Investment Opportunity! This property (APN: 148-063-20-00) is preferred to be sold together with the adjacent vacant LOT (APN: 148-063-21-00, MLS# OC26010908), offering a unique opportunity to acquire two contiguous parcels with exciting development potential. This Two Homes on One LOT + Additional Vacant LOT (listed separately) currently listed for sale in Oceanside. Discover an exceptional investment and development opportunity in the heart of Oceanside. This unique property features two homes on one LOT all situated within an R3 coastal zoning area, offering incredible flexibility for homeowners, investors, and developers alike. The main residence offers 1,246 square feet of living space with 3 bedrooms and 2 bathrooms on a 4,974-square-foot lot. The home has been freshly painted inside and out and features mini-split heating and air conditioning throughout the house and the attached addition for year-round comfort. Built in 2014, the attached addition provides an additional 580 square feet of living space and includes 2 bedrooms, 1 bathroom, and a full kitchen, making it ideal for multigenerational living, guest accommodations, or rental income. Together, both living spaces offer a total of 1,826 square feet, plus an additional 400-square-foot detached garage. Adding even more value is the separate 5,023 sqft vacant LOT, creating endless possibilities for future development. Under the R3 coastal zoning designation, buyers may have the opportunity to build a new home with up to four ADUs (two detached ADUs, one conversion ADU, and one JADU) or potentially develop a triplex. Buyers are encouraged to verify all development opportunities with the City of Oceanside.Ideally located just minutes from the iconic Oceanside Pier, Oceanside Harbor, beautiful beaches, Camp Pendleton, and major transportation corridors, including Highways 5, 76, and 78, this property offers the perfect combination of coastal living, income potential, and long-term investment value. Opportunities like this are incredibly rare. Whether you're looking to expand your real estate portfolio, develop additional units, or create a multigenerational coastal compound, this property offers unlimited potential.
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Est. Monthly Payment
$7,823
Location
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Zoned Schools
Elementary
Laurel Elementary · grades K-5 · Oceanside Unified
Middle
Jefferson Middle · grades 6-8 · Oceanside Unified
High
Oceanside High · grades 9-12 · Oceanside Unified
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
3 comps foundThis Property
$4,967
Comp Average
$4,350
241 Del Mesa Street
4bd / 2ba · 2,067 sqft · Single Family
$915K
Est. $4,253/mo
3960 Baja
4bd / 2ba · 1,776 sqft · Single Family
$949K
Est. $4,209/mo
3434 Ashwood Court
5bd / 3ba · 2,291 sqft · Single Family
$1.20M
Est. $4,589/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
9 leases of houses within 1 mi, size-adjusted · $4,472–$5,316
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,956/mo short at 20% down; 83% down or +$6,437/mo rent closes it.
- Break-even price
- $500,450
- Break-even rent
- $11,404/mo
- Cashflow at 35% down
- −$3,768/mo
- Down payment to break even
- 83%
- Rate to break even
- Not reachable
56% under asking
$6,437/mo above the estimate
$953,670 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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