330 S Horne ST, Oceanside, CA 92054
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330 S Horne ST, Oceanside, CA 92054
330 S Horne ST, Oceanside, CA 92054
330 S Horne ST, Oceanside, CA 92054
330 S Horne ST, Oceanside, CA 92054
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Listed by Maxwell Brown, DRE #02127395 • Commercial Asset Advisors
$ 8,995,000
Est. payment /mo
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Price Dropped by $505K

330 S Horne ST Oceanside, CA 92054

0.33 Acres Lot


UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPTP2606755

Year Built 1970

Lot Size 0.327 Acres

Source California Regional MLS

Property Description

$500k Price Reduction for a quick sale! 330 S Horne St, Oceanside presents a designer-grade renovated, 21-unit coastal multifamily asset offering immediate cash flow, a diverse unit mix, and a differentiated resident experience. The property combines thoughtfully designed interior finishes tailored to Coastal Southern California with strategic enhancements including private yards, rear patios, balconies, select ocean-view residences, garages, in-unit laundry in select units, and coastal-oriented community amenities. The asset currently generates $667,819 in Gross Scheduled Income and $446,186 in NOI, yielding a 4.96% in-place cap rate. At full market operations, Gross Scheduled Income is projected at $699,113 and NOI at $475,327, producing a 5.28% pro forma cap rate. The property consists of (1) Studio, (13) 1 Bed / 1 Bath, (1) 2 Bed / 1 Bath, and (6) 2 Bed / 2 Bath residences. Select residences feature private front yards or rear patios, while upper units include balconies and ocean views. 11 of the 21 units have in-unit washer/dryers, with an owner-owned community laundry room retained for the balance of the property. Ownership completed a comprehensive renovation designed to position the property above traditional rental-grade product. Interiors feature Coastal Southern

Location

State CA

County San Diego

Area 92054 - Oceanside

Interior

Laundry In Closet, Laundry Area

Exterior

Garage Spaces 16.0

Pool None

Others

Tax ID 1500641300

Special Listing Condition Not Applicable


MLS Listing IDX PLUS

Nearby Locations

Betsy White
Betsy White

Agent

+1(650) 861-0082 | betsy.white@exprealty.com

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330 S Horne ST