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Lorena Martinez

lorenaaam16@gmail.com +1(805) 627-2810

$ 8,995,000

Est. payment | -/mo

0.33 Acres Lot

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$ 8,995,000

Est. payment | -/mo

Save Virtual Tour

0.33 Acres Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID PTP2606755

HOA Y/N No

Year Built 1970

Lot Size 0.327 Acres

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 California tailored color schemes and finishes including quartz countertops, pastel tile backsplashes, stainless appliances, Terracotta Spanish style tile bathroom floors, tile wall shower & tub enclosures, and natural oak style vinyl flooring. Exterior improvements include a full re-texture and repaint with Baja California inspired color palettes, dual pane windows, drought resistant and low maintenance California desert scape courtyard landscaping with irrigation, updated exterior fixtures and suite numbers, and hand painted building murals. Resident amenities include a surf shower, secure electric bike parking, and a common-area grill with outdoor shaded seating. Major infrastructure improvements include a main electrical service upgrade from 200A to 400A in 2023 with replacement of all unit subpanels, the sewer main lateral was descaled with an epoxy liner installed in 2014, replacement of the main hot-water line serving the property in 2025, and replacement of the property water heater in 2025. SB 721-deck inspections were also completed.

Location

State CA

County San Diego

Area 92054 - Oceanside

Zoning RM

Interior

Fireplace No

Laundry Common Area, Laundry Closet

Exterior

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Curbs, Fishing

View Y/N No

Total Parking Spaces 16

Private Pool No

Building

Lot Description 21-25 Units/Acre

Story 3

Sewer Public Sewer

Others

Senior Community No

Tax ID 1500641300

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2606755

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Listed by Maxwell Brown Commercial Asset Advisors mbrown@caacre.com, DRE #02127395

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(805) 627-2810

lorenaaam16@gmail.com

310 3rd Ave, Chula Vista, CA 91910, USA

330 S Horne ST Oceanside, CA 92054

Lorena Martinez

Key Details

Location

Interior

Exterior

Building

Others

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330 S Horne ST