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477 Cleveland Street #102

Oceanside, CA 92054Neighborhood: Townsite

$1,300,000

STR-eligible · Oceanside Coastal Zone · TOT 10%

224 licensed short-term rentals within ½ mile (224 whole home), from the cities' license and permit lists of Nov 10, 2026.

1 short-term rental permit on file in this 28-unit complex, so its HOA has allowed them. Confirm in the CC&Rs: an HOA can ban stays under 30 days (Civ. Code §4741).

Pass at asking: -$5,827/mo full cashflow at 20% down, 7.43% rate.

Works at $541,237 (58% under asking), or at 85% down.

Rent $6,191/mo from 8 leases of 2–4 bed condos & townhomes within 0.5 mi, same school area ($4,597–$6,438).

Beds

Baths

3.5

Sqft

2,041

Year Built

2005

Days on Market

Property Type

Townhouse

HOA/mo

$610

MLS ID

NDP2608942

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

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About This Property

Panoramic Ocean Views from Private Rooftop! Enjoy the best of downtown Oceanside from this spacious tri-level condo, ideally located just a few blocks from the Tremont Collective and the beach. The home features a private rooftop deck, gated entry, attached two-car garage, vaulted ceilings, modern cabinetry, newer A/C, and an open, functional floor plan. All three bedrooms offer the feel of primary suites, each with its own ensuite bathroom and walk-in closet. One bedroom is conveniently located on the entry level, while the upper levels take full advantage of the coastal setting and ocean views. The location is hard to beat, with the beach, restaurants, cafes, shopping, and public transportation all within easy reach. The Amtrak station is approximately a quarter mile away, and I-5 is just minutes from the property for an easy commute. A great opportunity to enjoy the convenience and character of downtown Oceanside.

Mortgage Calculator

Est. Monthly Payment

$9,511

Principal & Interest$7,222

Property Tax$1,300

Insurance$379

HOA$610

Down Payment

%($260,000)

Interest Rate

Loan Term

Location

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Zoned Schools

Elementary
South Oceanside 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.

Comparable Properties

5 comps found

This Property

$6,191

Comp Average

$5,572

785 Harbor Cliff Way

3bd / 2.5ba · 1,776 sqft · Townhouse

$850K

Est. $5,410/mo

805 Cleveland St

3bd / 2.5ba · 1,656 sqft · Townhouse

$1.10M

Est. $4,910/mo

435 Cleveland Street

3bd / 3.5ba · 2,041 sqft · Townhouse

$1.35M

Est. $5,356/mo

505 Freeman Street

3bd / 3.5ba · 2,268 sqft · Townhouse

$2.00M

Est. $6,091/mo

505 Freeman Street

3bd / 3.5ba · 2,268 sqft · Townhouse

$2.00M

Est. $6,091/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

16C

Est. Monthly Rent

$6,191

8 leases of 2–4 bed condos & townhomes within 0.5 mi, same school area · $4,597–$6,438

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$3,320

Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,827

What would make this work?

$5,827/mo short at 20% down; 85% down or +$7,568/mo rent closes it.

Break-even price: $541,237
Break-even rent: $13,759/mo
Cashflow at 35% down: −$4,473/mo
Down payment to break even: 85%
Rate to break even: Not reachable

Mortgage (P+I)

$7,222

Cap Rate

1.57%

Cash-on-Cash

-26.90%

DSCR

Need ≥ 1.25 for DSCR loan

0.65

NOI (Annual)

$20,451

Price-to-Rent

Lower = better for investors

17.5

* 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−$5,827/mo