1634 1638 Burroughs St. & Moreno St.
Oceanside, CA 92054

  • – beds
  • – baths
  • – sqft
  • 11,994 sqft lot
  • 1954 build
  • on site

1634-1638 Burroughs St. & 1633-1637 Moreno St. is a 4-unit property located 0.8 miles from the beach in Oceanside, California. There is approximately 38% upside in rental income. The City of Oceanside is considered one of the strongest rental markets in North San Diego County with great demand for apartment rentals. Historical occupancy in this sub-market is estimated to be approximately 97%-100% and rental rates continue to rise over the years. This neighborhood offers excellent access to the Interstate 5, Interstate 78, and Interstate 15 freeways, which connect to major employment centers in the greater San Diego area. The subject property was built in 1954 and consists of four 2 bedroom/1 bath units that are approximately 624 square feet (2,496 total SF). There are two detached duplex buildings on a large 11,994 SF lot with four garages in total. The property has been professionally managed and well maintained over the years. Residents enjoy private yard spaces, driveway parking, newer dual paned windows, laundry hook ups, being west of Interstate 5, and the 1950's charm. The property also has ADU potential with the large 0.28 AC lot and the garages to expand from. A value add opportunity. Unit square footage is estimated based on the number provided by title and the appraisal. Buyer to verify on their own.

California Regional MLS logo Listed By SDMLS / Matt Robinson / MD Real Estate, Inc

Last checked: Checking… • Last updated Apr 22, 2024 •

MLS# 240007977SD —

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Sale history

Date Event Source Price % Change
4/22/24
Pending CRMLS_CA $2,200,000
4/13/24
Listed / Active CRMLS_CA $2,200,000

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$2,200,000

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Listing provided by broker:

Matt Robinson

MD Real Estate, Inc

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This multifamily located in South Oceanside, Oceanside, CA 92054 is currently pending sale for $2,200,000. 1634 1638 Burroughs St. & Moreno St. is a – square foot multifamily with – beds and – baths that has been on Estately for 16 days. 1634 1638 Burroughs St. & Moreno St. is in the South Oceanside neighborhood of Oceanside and has a WalkScore® of 62, making it somewhat walkable. This multifamily is in the attendance area of South Oceanside Elementary School, Lincoln Middle School, Oceanside High School, and Ocean Shores High (Continuation).

California Regional MLS logo Listing Courtesy of: CRMLS_CA and MD Real Estate, Inc. Based on information from California Regional Multiple Listing Service, Inc. as of 08:58 on Apr 27.

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