4863 Marathon Way
1 / 20

4863 Marathon Way

D

Oceanside, CA 92054

$1,795,000
NEW — 6d

Soft Appraisal Value: $1,761,500 · 1.9% above estimate

Beds

3

Baths

3.5

Sqft

2,990

Year Built

1990

Days on Market

6

Property Type

Single Family

HOA/mo

$761

MLS ID

NDP2604638

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

Virtual Tour

About This Property

This home has beautiful ocean and sunset views and backs to wide open spaces on a large, pie-shaped lot, allowing almost total privacy. The San Remo model, the largest of all those in OHCC and comprising less than 5% of all homes, has been completely remodeled and updated--dual pane windows, solid wood doors, floors, and cabinets, and luxury appliances. Upon entering the home you will notice the feeling of openness, with living areas that flow easily from one to the next. The large living room has a custom, "Heat and Glo" limestone fireplace with remote control. Continue to the light-filled dining room that has french doors leading out to the wrap-around patio and outdoor kitchen. Walls have been moved to create an expansive kitchen featuring custom cabinetry, granite countertops, two large islands, and high-end appliances. A slider has been added to access the outdoor dining area which is covered by the wrap-around deck on the second floor. A first floor bedroom has twin Murphy beds and a full adjoining bath. The expansive second floor master bedroom has an enlarged, walk-in closet with abundant storage. The upstairs guest bedroom has cabinetry that can be used as an office. There is an added room upstairs not in the original San Remo models, currently used as a craft/sewing room. Every bathroom has been updated--custom cabinetry, granite counters, beautifully tiled surrounds for the showers and bathtubs, new toilets, sinks, faucets and light fixtures. The outdoor living space features a wrap-around, concrete stamped patio with several outdoor entertaining spaces, two custom, built-in fountains, a putting green, a covered dining area with ceiling fans and an included drop-down outdoor TV. The upstairs wrap-around balcony/deck is great for relaxing and enjoying the spectacular ocean and sunset views. This home is backed by a luscious garden with accent boulders and perimeter fence. All outdoor furnishings, and the four TVs, are included in the sale. With new, fully-owned solar panels, electric vehicle charging, new high-efficiency tankless water heater, drip irrigation, and only artificial turf, utility costs are a fraction of a typical home. Behind this are vegetable fields and wide, open spaces. The Ocean Hills Country Club is a 55+ retirement/Resort style living community. It has an 18 hole golf course, Olympic, solar-heated, swimming pool, tennis, pickleball, dog park, a 2 1/4 mile walking path, and much more on the community grounds totaling 350 acres. The community also has a 27000+ square foot community room with a full fitness facility including locker rooms/showers, library, a computer lounge, billiards, sewing, crafting, woodworking, and other club rooms. This is an opportunity to own an outstanding, unique home in this active, 55+community.

Mortgage Calculator

Est. Monthly Payment

$12,156

Principal & Interest$9,076
Property Tax$1,795
Insurance$524
HOA$761
%($359,000)
%

Location

Loading map...

Investment Score

0D
Est. Monthly Rent
$5,622
Monthly Cashflow

Rent − PITIA

$-6,534
Full Cashflow

Incl. vacancy, PM, maint, capex

$-9,323

Mortgage (P+I)
$9,076
Cap Rate
-0.17%
Cash-on-Cash
-31.16%
DSCR

Need ≥ 1.25 for DSCR loan

0.46
Break-even Rent
$17,730

NOI (Annual)
$-2,963
Price-to-Rent

Lower = better for investors

26.6

* 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.

Get Expert AnalysisOpen Full Calculator