615 Fredricks #175
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: -$2,070/mo full cashflow at 20% down, 7.36% rate.
Works at $154,138 (64% under asking), or at 91% 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
108
Property Type
Condo
HOA/mo
$670
MLS ID
SW26162917
This property is in Oceanside (92058). Browse neighborhood analytics →
About This Property
Welcome to this beautifully maintained first floor end unit condo nestled within the gated Forest Glen community. This 2 bedroom, 2 bathroom home offers a bright, open floor plan designed for comfortable everyday living. The spacious kitchen features granite countertops, abundant cabinetry, and flows seamlessly into the living and dining areas, creating an ideal space for entertaining or relaxing. Fresh new carpet in both bedrooms adds a refreshed touch, while the generous primary suite provides a peaceful retreat with its own en suite bathroom. Step outside to your private fenced patio, perfect for morning coffee or enjoying Southern California’s year round sunshine. Residents enjoy access to community amenities including a pool, spa, BBQ area, and convenient laundry facilities. The home also includes one assigned covered parking space, one permitted parking space, and one guest parking pass. Ideally located near shopping, dining, and major commuter routes, this move in ready home offers the perfect blend of comfort, convenience, and easy living.
Mortgage Calculator
Est. Monthly Payment
$3,564
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 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
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?
$2,070/mo short at 20% down; 91% down or +$2,688/mo rent closes it.
- Break-even price
- $154,138
- Break-even rent
- $5,088/mo
- Cashflow at 35% down
- −$1,630/mo
- Down payment to break even
- 91%
- Rate to break even
- Not reachable
64% under asking
$2,688/mo above the estimate
$386,750 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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