503-505 N Nevada Street

503-505 N Nevada Street

C

Oceanside, CA 92054

$1,690,000

Beds

3

Baths

2

Sqft

1,128

Year Built

1950

Days on Market

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2606853

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

About This Property

Now is your opportunity to make this stunning coastal property with instant income potential your reality! Beautifully renovated beach home with a second dwelling & address, ideally located in the highly desirable coastal community of Oceanside. Situated on a spacious corner lot along a quaint street, the property features new vinyl fencing, turf, and drought-tolerant landscaping, creating a private, low-maintenance outdoor retreat. Adding even more convenience and curb appeal, the home boasts the only private driveway on the block, along with the charm of a mature pomegranate tree. Both the main residence and second dwelling have been extensively upgraded with new roofs featuring extended eaves, along with updated electrical, plumbing, and HVAC systems, including mini-splits and a multi-zone heat pump. Additional improvements include tankless water heaters, new interior and exterior paint, fresh baseboards, ceiling fans, recessed lighting, new windows, and stylish window coverings throughout. The beautifully updated kitchens feature stainless steel appliances and soft-close cabinetry, while the bathrooms showcase new tile flooring, modern vanities, glass shower surrounds, and upgraded fixtures. The main home includes a dedicated laundry room with gas and electric hook-ups, while the second dwelling offers space for a full-size electric washer and dryer—ideal for guests, extended family, or rental income opportunities. This exceptional coastal property offers the perfect blend of lifestyle, flexibility, and investment potential.This exceptional property is within walking distance to award-winning beaches, popular dining destinations, local markets, and everything this vibrant, up-and-coming neighborhood has to offer.

Mortgage Calculator

Est. Monthly Payment

$10,728

Principal & Interest$8,546
Property Tax$1,690
Insurance$493
%($338,000)
%

Investment Score

1D
Est. Monthly Rent
$4,896
Monthly Cashflow

Rent − PITIA

$-5,833
Full Cashflow

Incl. vacancy, PM, maint, capex

$-8,367

Mortgage (P+I)
$8,546
Cap Rate
0.13%
Cash-on-Cash
-29.71%
DSCR

Need ≥ 1.25 for DSCR loan

0.46
Break-even Rent
$15,762

NOI (Annual)
$2,143
Price-to-Rent

Lower = better for investors

28.8

* 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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