2233 Valley Road
Ctop 80%Oceanside, CA 92056Neighborhood: Mira Costa
0 licensed short-term rentals within ½ mile (0 whole home), from the cities' license and permit lists of Nov 1, 2026.
Pass at asking: -$6,196/mo full cashflow at 20% down, 7.49% rate.
Works at $395,804 (67% under asking), or at 94% down.
Rent $4,237/mo from 13 leases of 4-bed houses within 2 mi ($4,218–$4,854).
Beds
4
Baths
2
Sqft
1,610
Year Built
1979
Days on Market
43
Property Type
Single Family
HOA/mo
$210
MLS ID
NDP2608701
This property is in Oceanside (92056). View neighborhood stats →
About This Property
Offered on the MLS for the very first time, this single-story Henie Hills home presents a rare opportunity to create something truly special. Situated on an expansive lot with panoramic views overlooking El Camino Country Club, the property offers an incredible setting, privacy and tremendous potential. The interior remains largely original, providing the perfect canvas for a buyer looking to remodel, reimagine and make a home their own. Take advantage of the existing single-level floor plan or explore the possibilities the generous lot may provide, including room to investigate a potential ADU, expanded outdoor living or other improvements. Step outside and it’s easy to see what makes this property stand apart. Sweeping views, spacious grounds and an elevated setting create an exceptional backdrop for outdoor living, entertaining or simply enjoying the Southern California lifestyle. Located in one of Oceanside’s more established neighborhoods, Henie Hills is known for its larger lots, custom homes and convenient location near shopping, dining, beaches, freeways and El Camino Country Club. Bring your vision and unlock the potential of this special property. Opportunities with this combination of location, lot and panoramic views don’t come along often.
Mortgage Calculator
Est. Monthly Payment
$8,459
Location
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Zoned Schools
Elementary
Palmquist Elementary · grades K-5 · Oceanside Unified
Middle
Martin Luther King Jr. Middle · grades 6-8 · Oceanside Unified
High
El Camino 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
5 comps foundThis Property
$4,237
Comp Average
$3,991
3583 Winslow
3bd / 2ba · 1,564 sqft · Single Family
$850K
Est. $4,103/mo
2589 Joann Dr
4bd / 2ba · 1,603 sqft · Single Family
$890K
Est. $3,831/mo
1866 Via Primero
3bd / 2.5ba · 1,599 sqft · Single Family
$899K
Est. $3,822/mo
4081 Mira Costa Street
4bd / 2ba · 1,480 sqft · Single Family
$1.10M
Est. $4,083/mo
3717 Via Baldona
3bd / 2.5ba · 1,578 sqft · Single Family
$1.05M
Est. $4,118/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Short-term not available here. Outside Oceanside's Coastal Zone: inland short-term rentals are banned. See the rules
Investment Score
13 leases of 4-bed houses within 2 mi · $4,218–$4,854
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$6,196/mo short at 20% down; 94% down or +$8,047/mo rent closes it.
- Break-even price
- $395,804
- Break-even rent
- $12,284/mo
- Cashflow at 35% down
- −$4,940/mo
- Down payment to break even
- 94%
- Rate to break even
- Not reachable
67% under asking
$8,047/mo above the estimate
$1,127,060 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.49% 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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