
615 Fredricks #151
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: -$1,383/mo full cashflow at 20% down, 7.36% rate.
Works at $169,003 (52% under asking), or at 78% down.
Rent $2,510/mo from 2 leases in this building ($2,399–$2,400). Previously leased for $1,900.
Beds
2
Baths
2
Sqft
987
Year Built
1978
Days on Market
182
Property Type
Condo
HOA/mo
$641.43
MLS ID
ND26085757
This property is in Oceanside (92058). Browse neighborhood analytics →
About This Property
A STRAIGHT SHOT TO OCEANSIDE BEACHES, HARBOR AND CAMP PENDLETON’S MAIN GATE, THIS CONDO IS READY TO BE SOLD. RECENTLY PAINTED THRU OUT. THE UNIT, 151, IS A FIRST FLOOR UNIT AND HAS 2 BEDROOMS W/TWO FULL BATHS W/SHOWER IN THE BATHTUB. THE CONDO IS 987 FEET W/SPACIOUS BEDROOMS WITH ONE BEING 18 X 14 AND THE 2ND BEDROOM 13 X 11. THE KITCHEN HAS ELECTRIC STOVE, DISHWASHER, REFRIGERATOR, MICROWAVE WITH GRANITE COUNTERTOPS AND STAINLESS STEEL APPLIANCES. THE KITCHEN HAS AN ISLAND FOR EITHER SITTING AT FOR EATING, WORKING ON MEAL PREP OR A PROJECT THAT REQUIRES EXTRA SPACE. A NICE FEATURE IS THE SLIDING GLASS DOOR THAT EXITS FROM THE LIVING AREA INTO A NICELY FENCED BACK PATIO THAT IS FULLY ENCLOSED W/ CONCRETE FLOOR. FOR PARKING THERE IS A CARPORT W/A STORAGE CUPBOARD AT THE FRONT OF THE CARPORT. THERE ARE 2 PARKING SPOTS OF WHICH ONE INCLUDES THE CARPORT. THE COMPLEX AMENITIES ARE A POOL, BBQ AREA, ON SITE LAUNDRY AND THE WATER, TRASH, & SEWER ARE COVERED BY YOUR HOA FEES. THE LOCAL SCHOOLS ARE CLOSE BY; A MAJORITY ARE WITHIN 2 MILES OR LESS AND THE HIGH SCHOOL IS A BIT OVER 3 MILES FROM THIS HOME. LOCAL SHOPPING & EATERIES ARE JUST AROUND THE CORNER; LESS THAN ONE MILE FROM THE HOME. THIS HOME IS A GREAT LOCATION FOR COMMUTERS AS IT IS CLOSE TO 3 MAJOR HIGHWAYS.
Mortgage Calculator
Est. Monthly Payment
$3,025
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
$2,510
Comp Average
$2,462
615 Fredricks Avenue
2bd / 2ba · 987 sqft · Condo
$369K
Est. $2,400/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
Previously leased for $1,900
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?
$1,383/mo short at 20% down; 78% down or +$1,797/mo rent closes it.
- Break-even price
- $169,003
- Break-even rent
- $4,307/mo
- Cashflow at 35% down
- −$1,021/mo
- Down payment to break even
- 78%
- Rate to break even
- Not reachable
52% under asking
$1,797/mo above the estimate
$273,000 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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