1622 Tremont Street
1 / 2

1622 Tremont Street

D

Oceanside, CA 92054

$2,499,000
NEW — 2d

Beds

Baths

Sqft

2,808

Year Built

1951

Days on Market

2

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

NDP2605039

This property is in Oceanside (92054). View neighborhood stats →

Virtual Tour

About This Property

A rare coastal investment opportunity, a few blocks to the beach, this pride-of-ownership four-unit property offers exceptional versatility, strong income, and an unbeatable location on a quiet residential street West of S. Coast Hwy. South Oceanside is everyone's favorite location offering ease and proximity to the beach, charming shops, excellent restaurants, coffee shops, the beach, and connection to the Coast Highway and the 5 and 78 freeway. The property features a charming detached single-level 3-bedroom, 1-bath front home on South Tremont built in 1951, along with three well-maintained 1-bedroom, 1-bath units built in 1984 behind. Whether you're seeking an owner-occupant setup with supplemental rental income or a prime long-term investment opportunity, this property offers endless potential. Situated on a generously sized lot, the property boasts an incredible amount of off-street parking, including five garage spaces (4 separate garages) plus additional driveway parking up to 4 spots — a rare amenity this close to the coast. The spacious garages provide ample storage for surfboards, bicycles, beach gear, and more. There is an additional bonus room as well as a communal laundry room. Each unit is individually metered for gas and electricity, creating convenience for both owners and tenants. This unique coastal compound combines classic beach-town charm with strong investment fundamentals in one of the area's most desirable locations.

Mortgage Calculator

Est. Monthly Payment

$15,864

Principal & Interest$12,636
Property Tax$2,499
Insurance$729
%($499,800)
%

Location

Loading map...

Investment Score

0D
Est. Monthly Rent
$4,523
Monthly Cashflow

Rent − PITIA

$-11,341
Full Cashflow

Incl. vacancy, PM, maint, capex

$-14,464

Mortgage (P+I)
$12,636
Cap Rate
-0.88%
Cash-on-Cash
-34.73%
DSCR

Need ≥ 1.25 for DSCR loan

0.29
Break-even Rent
$23,308

NOI (Annual)
$-21,933
Price-to-Rent

Lower = better for investors

46.0

* 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.

Get Expert AnalysisOpen Full Calculator