615 Fredricks Avenue #161
Atop 10%Oceanside, CA 92058Neighborhood: San Luis Rey
2 licensed short-term rentals within ½ mile (2 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$1,613/mo full cashflow at 20% down, 7.36% rate.
Works at $157,947 (57% under asking), or at 84% down.
Rent $2,400/mo from 2 leases in this building ($2,399–$2,400).
Beds
2
Baths
2
Sqft
987
Year Built
1978
Days on Market
117
Property Type
Condo
HOA/mo
$641
MLS ID
PTP2605453
This property is in Oceanside (92058). Browse neighborhood analytics →
About This Property
One or more photo(s) have been virtually staged to show the property's potential. Original photos are included in the gallery for comparison. Welcome home to this beautifully updated condo offering comfort, style, and an unbeatable location. Freshly painted throughout, this move in ready home features brand-new flooring, energy efficient windows, and tastefully updated kitchen and bathrooms, blending modern finishes with everyday functionality. The spacious floor plan provides an open and inviting feel, with plenty of room to relax, entertain, or work from home. Step outside to your own private patio, perfect for morning coffee, outdoor dining, or simply unwinding at the end of the day. Conveniently located just a 10 minute drive from the beach and the iconic Oceanside Pier, you'll enjoy easy access to coastal living, restaurants, shopping, and entertainment while still having a peaceful place to call home. Whether you're a first-time buyer, looking to downsize, or searching for an investment opportunity, this beautifully updated condo is one you won't want to miss!
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Est. Monthly Payment
$3,153
Location
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Zoned Schools
Elementary
Louise Foussat Elementary · grades K-5 · Oceanside Unified
Middle
Jefferson 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 foundThis Property
$2,400
Comp Average
$2,484
615 Fredricks
2bd / 2ba · 987 sqft · Condo
$350K
Est. $2,510/mo
615 Fredricks Ave
2bd / 2ba · 987 sqft · Condo
$375K
Est. $2,400/mo
403 Los Arbolitos Boulevard
2bd / 1ba · 1,017 sqft · Condo
$460K
Est. $2,708/mo
615 Fredricks
2bd / 2ba · 987 sqft · Condo
$419K
Est. $2,400/mo
615 Fredricks
2bd / 2ba · 987 sqft · Condo
$425K
Est. $2,400/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Short-term not available here. Outside Oceanside's Coastal Zone: inland short-term rentals are banned. See the rules
Investment Score
2 leases in this building · $2,399–$2,400
Thin data: only 2 leases behind this number.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,613/mo short at 20% down; 84% down or +$2,095/mo rent closes it.
- Break-even price
- $157,947
- Break-even rent
- $4,495/mo
- Cashflow at 35% down
- −$1,232/mo
- Down payment to break even
- 84%
- Rate to break even
- Not reachable
57% under asking
$2,095/mo above the estimate
$309,960 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% 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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