403 Los Arbolitos Boulevard
Btop 30%Oceanside, CA 92058Neighborhood: San Luis Rey
3 licensed short-term rentals within ½ mile (3 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$1,955/mo full cashflow at 20% down, 7.36% rate.
Works at $204,088 (56% under asking), or at 82% down.
Rent $2,708/mo from 12 leases of 2-bed condos & townhomes within 2 mi ($2,529–$2,833).
Beds
2
Baths
1
Sqft
1,017
Year Built
1974
Days on Market
78
Property Type
Condo
HOA/mo
$525
MLS ID
NDP2608060
This property is in Oceanside (92058). Browse neighborhood analytics →
About This Property
COSMETIC FIXER + SHORT SALE OPPORTUNITY! Bring your vision and make this Oceanside home your own. This 2-bedroom, 1-bath, approximately 1,017 sq. ft. single-story condo offers an opportunity for buyers looking to add their personal touches and build value at an attractive price. The spacious floor plan features vaulted ceilings, abundant natural light and a fireplace, creating a great foundation for a stylish transformation. The open living and dining areas flow into the kitchen, while two generously sized bedrooms provide comfortable living space. Outside, enjoy a private, fully fenced patio with plenty of potential for creating your own outdoor retreat. Additional features include interior laundry, a detached one-car garage, additional parking, and solar with battery storage. The community offers pools and spa, and the convenient Oceanside location provides easy access to shopping, dining, parks, Camp Pendleton, Highway 76 and I-5. A great opportunity for a buyer willing to put in some cosmetic work and create something special. Bring your ideas, add your own style and take advantage of the potential this home has to offer. Short sale purchase price and terms are subject to lender approval. Leased Solar is transferable $171 per month.
Mortgage Calculator
Est. Monthly Payment
$3,657
Location
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Zoned Schools
Elementary
Louise Foussat 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.
Renovation math
Flagged Heavy Rehab from the listing remarks — “fixer”, “short sale”, “bring your vision”.
- Asking now
- $460K
- Worth finished
- $438K
- Already above finished value
- −$22,082
$452/sqft
$431/sqft × 1,017 sqft
$22/sqft over
Comparable finished homes nearby suggest this is worth about $438K — below the asking price. A renovation here has to be funded out of the purchase, not the spread.
Rent once renovated
- Rent at par
- $2,473/mo
- Cashflow at that rent
- −$2,136/mo
$2.43/sqft × 1,017 sqft, median of 5 comps
cap rate 1.37%, DSCR 0.68
Heads up: the rent estimate elsewhere on this page ($2,708/mo) is above what comparable finished homes here support. A home that needs work does not out-rent them, so treat $2,473/mo as the ceiling.
Buying at asking and achieving par rent, excluding the renovation spend itself. We don't publish a current-condition rent: no listing remark says how much work a home needs, and mid-renovation it earns nothing.
Based on 5 comparable homes of the same property type and size currently listed nearby — asking prices and modelled rents, not closed sales. A contractor's scope, not this page, decides what a renovation actually costs.
Comparable Properties
5 comps foundThis Property
$2,708
Comp Average
$2,533
615 Fredricks Ave
2bd / 2ba · 987 sqft · Condo
$375K
Est. $2,400/mo
3573 Coconut Way
2bd / 2ba · 1,017 sqft · Condo
$470K
Est. $2,770/mo
615 Fredricks
2bd / 2ba · 987 sqft · Condo
$419K
Est. $2,400/mo
615 Fredricks
2bd / 2ba · 987 sqft · Condo
$425K
Est. $2,400/mo
439 Los Arbolitos
2bd / 1ba · 1,017 sqft · Condo
$525K
Est. $2,695/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
12 leases of 2-bed condos & townhomes within 2 mi · $2,529–$2,833
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,955/mo short at 20% down; 82% down or +$2,539/mo rent closes it.
- Break-even price
- $204,088
- Break-even rent
- $5,247/mo
- Cashflow at 35% down
- −$1,479/mo
- Down payment to break even
- 82%
- Rate to break even
- Not reachable
56% under asking
$2,539/mo above the estimate
$377,200 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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