1506 Higgins StOceanside, CA 92058

Property Details for 1506 Higgins St

Lot size

0.11 AC

Property type

Apartment buildings

Description

This exceptional three-unit apartment building, located at 1506-8 Higgins Street in Oceanside, California, presents a compelling investment opportunity. The property boasts a total net rentable area of 1,500 square feet, with each of the three one-bedroom, one-bathroom units averaging 500 square feet. Completely renovated in 2024, the units feature modern stainless steel appliances, updated lighting, new cabinets, windows, and flooring. Residents enjoy the convenience of in-unit washer/dryers and private patios with yards. Situated on a 0.11-acre lot (APN 1480570800), this property benefits from its proximity to Oceanside Beach and Pier (1.2 miles), offering strong rental demand from both short-term vacationers and long-term tenants. The location also provides easy access to Interstate 5 and State Routes 78 and 76, connecting residents to major employment centers and transportation hubs, including the Oceanside Transit Center (under 2 miles). The property's desirability is further enhanced by its proximity to the thriving downtown Oceanside area, including the 9-Block Master Plan, a large-scale development project featuring new residential, commercial, and hospitality spaces. The asking price is $1,195,000, representing a price per unit of $398,333 and a price per square foot of $796.67. The property's current cap rate is 4.30%. This turnkey investment offers significant potential for long-term financial growth and strong returns, driven by its prime location, recent renovations, and the robust demand for coastal living in Oceanside. Nearby amenities include the Joe Balderrama Recreation Center and Park.

Location Insight

City

Oceanside

County

San Diego

State

California

Latitude

33.2046

Longitude

-117.371

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