550 Seagaze Drive

550 Seagaze Drive

D

Oceanside, CA 92054

$1,825,000
NEW — 1d on market

Beds

2

Baths

2

Sqft

2,284

Year Built

2007

Days on Market

1

Property Type

Condo

HOA/mo

$777

MLS ID

NDP2602351

Description

Welcome to the largest penthouse at Ocean Lofts, an exclusive community of live/work lofts by the beach! You will not find anything else like this in the market, designed for modern living. This incredible penthouse is sure to impress with 2 bedrooms + office/bonus space and a 250 SF private deck with gorgeous PANO OCEAN VIEWS. Imagine watching sunsets over the ocean from the privacy of home, always accompanied with a refreshing ocean breeze. This concrete constructed building boasts ceilings up to 20’ high, floor to ceiling windows, and an expansive ocean view rooftop deck for lounging, al fresco dining, and enjoying evening sunsets. Take your professional life to the beach - it’s excellent for artists, e-commerce, and creatives right in the heart of Downtown Oceanside. Discover a new way to balance your home life and business all in one place. It’s a rare opportunity just steps to the ocean where live, work, and play collide. No more late nights at the office or daytime distractions, with a luxury live/work loft you can live the lifestyle you’ve been seeking. Within Oceanside’s flourishing downtown center, there is no better place to balance life and work. Enjoy Oceanside’s new Michelin star restaurants, trendy coffee shops, craft breweries, rooftop lounges, and weekly sunset markets all within short walking distance. Rent kayaks or paddle boards at the nearby Oceanside harbor or fish off of the world famous Oceanside wooden pier. At these unique live/work lofts, business owners may take advantage of major tax deductions! On site amenities include fitness center, spacious private storage lockers, central A/C, in-unit laundry, and assigned parking for each unit.

Mortgage Calculator

Est. Monthly Payment

$12,362

Principal & Interest$9,228
Property Tax$1,825
Insurance$532
HOA$777
%($365,000)
%

Investment Score

0D
Est. Monthly Rent
$3,388
Monthly Cashflow

Rent − PITI − HOA

$-8,974
Full Cashflow

Incl. vacancy, PM, maint, capex

$-11,274

Mortgage (P+I)
$9,228
Cap Rate
-1.35%
Cash-on-Cash
-29.50%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.27
Break-even Rent
$12,362

NOI (Annual)
$-24,553
Price-to-Rent

Lower = better for investors

44.9

* 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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