1330 Bush Street
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1330 Bush Street

Ctop 80%

Oceanside, CA 92058Neighborhood: Eastside Capistrano

$1,149,000
STR-eligible · Oceanside Coastal Zone · TOT 10%

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.

Mortgage Calculator

Est. Monthly Payment

$7,823

Principal & Interest$6,339
Property Tax$1,149
Insurance$335
%($229,800)
%
Loan Term

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.

Investment Score

17C
Est. Monthly Rent
$4,967

9 leases of houses within 1 mi, size-adjusted · $4,472–$5,316

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$2,856
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,956

What would make this work?

$4,956/mo short at 20% down; 83% down or +$6,437/mo rent closes it.

Break-even price

56% under asking

$500,450
Break-even rent

$6,437/mo above the estimate

$11,404/mo
Cashflow at 35% down
−$3,768/mo
Down payment to break even

$953,670 cash

83%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,339
Cap Rate
1.70%
Cash-on-Cash
-25.88%
DSCR

Need ≥ 1.25 for DSCR loan

0.63

NOI (Annual)
$19,577
Price-to-Rent

Lower = better for investors

19.3

* 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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CCashflow−$4,956/mo