909 Leonard Avenue

909 Leonard Avenue

D

Oceanside, CA 92054

$1,699,990

Beds

3

Baths

3

Sqft

1,496

Year Built

1939

Days on Market

23

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2601262

Description

RARE gem in Oceanside’s historic Seaside neighborhood, famed for its white concrete streets & vintage charm. Perched on a PRIME OCEAN-VIEW street west of the 5, this classic California beach bungalow offers perfect walkability, an indescribably serene atmosphere designed for wellness and relaxation. Westerly OCEAN breezes keep fresh air circulating through this natural haven, updated with modern Non-toxic upgrades. Window-lined walls bathe every space in natural light. Preserved charm includes restored original hardwood floors, vintage molding, architectural details, and a gorgeous wood-burning fireplace for cozy evenings. The modern kitchen features ample storage, an adjacent dining area which opens up to a deck making this an ideal space for culinary and entertaining enthusiasts. Bathrooms are tastefully updated. Separate in house laundry area includes additional storage. Main house feature an updated ac/ central heat and ducts The clean, ZEN-Mediterranean landscape features fruiting olive & orange trees, an organic medicinal herb and vegetable garden. The designer-fenced front yard offers a serene space to enjoy sunsets. The separate backyard and grounding deck add a natural oasis. A stunning, permitted ADU ( generates an average of $2600 per month when rented) with private entrance, kitchen, bath, dining area and in unit laundry adds many options including rental income, multi-gen living, office, or a guest house. As an additional upgrade, ADU features a mini split system for indoor temperature control. Possibilities for a roof deck for breathtaking ocean and sunset views. Walk to the beach, award-winning restaurants, downtown Oceanside, and the iconic pier. With quick access to train, freeways and airports, this home offers an ultimate coastal lifestyle.

Mortgage Calculator

Est. Monthly Payment

$10,792

Principal & Interest$8,596
Property Tax$1,700
Insurance$496
%($339,998)
%

Investment Score

0D
Est. Monthly Rent

Market Rent Estimate

$4,794
Monthly Cashflow

Rent − PITI − HOA

$-5,998
Full Cashflow

Incl. vacancy, PM, maint, capex

$-8,517

Mortgage (P+I)
$8,596
Cap Rate
0.06%
Cash-on-Cash
-21.17%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.56
Break-even Rent
$10,792

NOI (Annual)
$945
Price-to-Rent

Lower = better for investors

29.6

* Defaults: 20% down, 6.5% rate, 30yr.

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