Active
902 S Pacific St
Oceanside CA, 92054
$2,499,000
Active
Residential
Built in 1937
Listed by Joseph Silva with Stravinsky Holdings, Inc. 559-967-5913
Seller financing available. RT Zoning offering STR Investors significant income potential. 1 unit fully renovated leaving 3 units available for significant value add opportunity. 902 Pacific St presents a rare investment opportunity just steps from the ocean in Oceanside's highly sought-after coastal zone. This prime coastal asset will be delivered vacant, providing buyers with an immediate opportunity to execute value-add improvements and reposition the property to maximize returns. With RT zoning, developers have the ability to build up to 35 feet high and are permitted to construct 4 units by right, with additional ADU opportunities to further enhance density and income potential. The property already features two units with STR licenses, offering proven short-term rental income potential with a projected gross annual income of $314,460. Combined with its vacant delivery, investors can quickly upgrade all units to boost revenue and long-term value. Seller financing is available, offering qualified buyers increased flexibility and making this exceptional opportunity even more accessible. Oceanside is experiencing rapid economic growth and development, driving strong rental demand and property appreciation. Its premium coastal location, paired with flexible zoning and development incentives, positions investors and developers to capitalize on increasing short-term rental opportunities while benefiting from the area's vibrant amenities and employment options. With its vacant delivery, high development potential, and seller financing available, 902 Pacific St is an unparalleled opportunity for investors and developers to acquire and elevate a prime coastal asset in one of California's fastest-growing markets.
240026159SD
MLSⓇ ID
November 6, 2024
Listed
December 19, 2024
Updated
Map
902 S Pacific St
Oceanside CA, 92054
Interior Features
Total Stories
2
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Exterior/Building Features
Roof
Composition
Other Property Details
Area Name
92054 - Oceanside
Days on Market
42
Garage
No
Parking Total
0
View
No
County
San Diego
Pool
No
Zoning
RT
Listing History
Date | Event | Price |
---|---|---|
12/13/2024 | Price change | $2,499,000 -8% |
Listing Contact: 805-773-7777
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/19/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 12/19/2024 at 6:50 AM UTC