615 Fredricks #93
Btop 30%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: -$1,684/mo full cashflow at 20% down, 7.36% rate.
Works at $124,788 (64% under asking), or at 91% down.
Rent $2,038/mo from 2 leases in this building (±1 bed).
Beds
1
Baths
1
Sqft
712
Year Built
1978
Days on Market
2
Property Type
Condo
HOA/mo
$616
MLS ID
NDP2610132
This property is in Oceanside (92058). Browse neighborhood analytics →
About This Property
SELLER WILL PROVIDE CREDIT FOR CLOSING COSTS OR RATE BUY-DOWN! Welcome home to this beautiful turn-key, one-story ground floor condo located just a 15-minute drive to the beach and a short walk to the local grocery shopping center and park. Featuring an open-concept living and dining area that invites in cool coastal breezes, this bright retreat flows effortlessly. The standout kitchen is equipped with granite countertops, warm cabinetry, a breakfast bar peninsula, and stainless steel appliances. The generously sized bedroom offers laminate flooring, mirrored closet doors, a ceiling fan, and direct access to a full bath with a granite vanity. Enjoy coastal living at its best—clean, fresh, and conveniently close to everything you need! Storage unit located right above the assigned carport parking space. Some photos have been virtually staged for illustrative purposes.
Mortgage Calculator
Est. Monthly Payment
$2,965
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
$2,038
Comp Average
$2,422
615 Fredricks
2bd / 2ba · 987 sqft · Condo
$350K
Est. $2,510/mo
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
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 (±1 bed)
Thin data: only 2 leases behind this number.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,684/mo short at 20% down; 91% down or +$2,187/mo rent closes it.
- Break-even price
- $124,788
- Break-even rent
- $4,225/mo
- Cashflow at 35% down
- −$1,327/mo
- Down payment to break even
- 91%
- Rate to break even
- Not reachable
64% under asking
$2,187/mo above the estimate
$313,950 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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