550 Seagaze Drive

550 Seagaze Drive #23

D

Oceanside, CA 92054

$900,000

Soft Appraisal Value: $738,300 · 21.9% above estimate

Beds

1

Baths

2

Sqft

1,083

Year Built

2007

Days on Market

23

Property Type

Condo

HOA/mo

$706

MLS ID

NDP2602414

Description

Welcome to the coastal 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 loft is sure to impress with soaring two story ceiling and a private deck with gorgeous OCEAN & CITY VIEWS. Imagine watching gorgeous sunsets 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

$6,419

Principal & Interest$4,551
Property Tax$900
Insurance$262
HOA$706
%($180,000)
%

Investment Score

0D
Est. Monthly Rent
$2,646
Monthly Cashflow

Rent − PITIA

$-3,773
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,131

Mortgage (P+I)
$4,551
Cap Rate
-0.77%
Cash-on-Cash
-34.21%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.41
Break-even Rent
$9,310

NOI (Annual)
$-6,967
Price-to-Rent

Lower = better for investors

28.3

* 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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