2821 Macdonald
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2821 Macdonald

Ctop 80%

Oceanside, CA 92054Neighborhood: Loma Alta

$985,000
STR closed · inland Oceanside

9 licensed short-term rentals within ½ mile (9 whole home), from the cities' license and permit lists of Nov 5, 2026.

Pass at asking: -$4,346/mo full cashflow at 20% down, 7.43% rate.

Works at $419,096 (57% under asking), or at 84% down.

Rent $4,180/mo from 12 leases of 3-bed houses within 2 mi ($3,821–$4,538).

Beds

3

Baths

2

Sqft

1,196

Year Built

1966

Days on Market

45

Property Type

Single Family

HOA/mo

N/A

MLS ID

260022949SD

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

Virtual Tour

About This Property

Welcome to this stunningly remodeled gem in the desirable Historic Loma Alta neighborhood of Oceanside, a prime location blending quiet residential charm with easy access to coastal living. This 3-bedroom,2-bath home has been expertly divided into two fully independent,modern units: a generous 2-bedroom main residence and a chic studio ADU-perfect for AirBnB, each with its own private entrance. Seamlessly convertible back to a single-family home if desired, the property offers exceptional flexibility for multi-generational living, extended family visits, or strong investment potential. Both units feature fresh, contemporary upgrades throughout, including sleek new kitchens with modern appliances, beautifully updated bathrooms, luxury flooring, and stylish fixtures. The spacious main house provides an inviting open layout perfect for a couple or small family, while the fully furnished studio is ideal for generating rental income, serving as a guest suite, private office, or in-law quarters. Step outside to your private backyard oasis: a sparkling pool and expansive deck await for year-round relaxation and entertaining under the California sun. This turnkey property is perfectly positioned in vibrant Oceanside, just minutes from pristine beaches, the iconic pier, downtown dining and shopping, scenic Buddy Todd Park with its open fields and recreational amenities, quick I-5 access, and convenient entry to Camp Pendleton’s gates. Enjoy the best of coastal living with surfing, community events, and everyday conveniences right at your doorstep. Schedule your private tour today!

Mortgage Calculator

Est. Monthly Payment

$6,744

Principal & Interest$5,472
Property Tax$985
Insurance$287
%($197,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Mission Elementary · grades K-5 · Oceanside Unified

  • Middle

    Lincoln 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.

Short-term not available here. Outside Oceanside's Coastal Zone: inland short-term rentals are banned. See the rules

Investment Score

23C
Est. Monthly Rent
$4,180

12 leases of 3-bed houses within 2 mi · $3,821–$4,538

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$2,564
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,346

What would make this work?

$4,346/mo short at 20% down; 84% down or +$5,645/mo rent closes it.

Break-even price

57% under asking

$419,096
Break-even rent

$5,645/mo above the estimate

$9,825/mo
Cashflow at 35% down
−$3,320/mo
Down payment to break even

$827,400 cash

84%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,472
Cap Rate
1.63%
Cash-on-Cash
-26.48%
DSCR

Need ≥ 1.25 for DSCR loan

0.62

NOI (Annual)
$16,017
Price-to-Rent

Lower = better for investors

19.6

* Modelled at 20% down, 7.43% 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−$4,346/mo