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321 Freeman Street

D

Oceanside, CA 92054

$1,549,000
NEW — 0d

Beds

Baths

Sqft

1,741

Year Built

1926

Days on Market

0

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

NDP2604423

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

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About This Property

Exceptional coastal investment opportunity just one block off the iconic 101 in Oceanside! This rare 3-unit property offers incredible versatility and income potential in an unbeatable location just blocks from the beach, popular restaurants, shopping, the transit center, coastal train, and all the vibrant amenities of coastal Oceanside. The property features: a spacious 3 bedroom, 2 bathroom main house with an interior laundry room; a charming detached 1 bedroom, 1 bathroom house with interior laundry; and a detached studio unit with its own interior laundry. All units are currently vacant, creating a fantastic opportunity for an owner-occupant, short-term or long-term rental investment, multigenerational living, or a combination of personal use and income production. Highly desirable beach-close location with strong rental demand and endless possibilities. Whether you are looking to maximize cash flow, create a coastal compound, or invest in one of North County San Diego’s most sought-after neighborhoods, this property is a must-see! Buyer agrees to cooperate with Seller and its designated Qualified Intermediary in 1031 exchange at no additional cost to Buyer.

Mortgage Calculator

Est. Monthly Payment

$9,833

Principal & Interest$7,833
Property Tax$1,549
Insurance$452
%($309,800)
%

Location

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Investment Score

2D
Est. Monthly Rent
$4,662
Monthly Cashflow

Rent − PITIA

$-5,172
Full Cashflow

Incl. vacancy, PM, maint, capex

$-7,535

Mortgage (P+I)
$7,833
Cap Rate
0.23%
Cash-on-Cash
-29.19%
DSCR

Need ≥ 1.25 for DSCR loan

0.47
Break-even Rent
$14,447

NOI (Annual)
$3,575
Price-to-Rent

Lower = better for investors

27.7

* 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.

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