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1634-1638 Burroughs St. & Moreno St., Oceanside, CA 92054
$2,156,644
1634-1638 Burroughs St. & Moreno St., Oceanside, CA 92054View this property at 1634-1638 Burroughs St. & Moreno St., Oceanside, CA 92054
1634-1638 Burroughs St. & Moreno St.OceansideCA92054
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Property Description
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.
Full Property Details
Full Property Details for 1634-1638 Burroughs St & Moreno St
General
- Sold For: $2,156,644
- Status: Closed
- Type: Multi-Family
- MLS ID: 240007977
- Added to Site: 51 day(s) ago
Parking
- Garage Spaces: 4
Location
- Area: OCEANSIDE (92054)
- County: San Diego
- Subdivision: West of I-5
School Information
- Elem School District: Oceanside Unified School District
- Midd School District: Oceanside Unified School District
- High School District: Oceanside Unified School District
Community
- Assoc. Fees Include: N/K
Heating & Cooling
- Heating Type: Wall/Gravity
- Heating Fuel: Natural Gas
- Water Heater: Gas
Utilities
- Sewer: Sewer Connected
- Water District: CITY OF OCEANSIDE
- Water: Meter on Property
Structural Information
- Roof: Composition
- Stories/Levels: 1
- Year Built: 1954
Unit Information
- Units Furnished: 4
- Units w/Refrigerators: 4
- Units w/Range/Oven: 4
- Units w/Patios: 4
Unit 1
- Square Feet: 624
- Total Bathrooms: 1
- Bedrooms: 2
- Parking: 1
Unit 2
- Square Feet: 624
- Total Bathrooms: 1
- Bedrooms: 2
- Parking: 1
Unit 3
- Square Feet: 624
- Total Bathrooms: 1
- Bedrooms: 2
- Parking: 1
Unit 4
- Square Feet: 624
- Total Bathrooms: 1
- Bedrooms: 2
- Parking: 1
Lot Features
- Lot Size (Acres): 0.28
- Lot Size (Sq. Ft.): 11,994
- Irrigation System: Sprinklers
- Topography: Level
- Zoning: RS
- Fencing (Description): Partial
Financial Considerations
- Terms: Cash
- Tenant Expense: Cable TV, Electricity, Gas/Propane
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
Listed by MD Real Estate, Inc
Sold by Compass
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Schools
Schools serving 1634-1638 Burroughs St & Moreno St
Rating | Name | Grades | Distance |
---|---|---|---|
1806 S Horne St, Oceanside, CA 92054 | K-5 | 0.3 mi | |
1999 California St, Oceanside, CA 92054 | K-5 | 0.6 mi | |
1330 Buena Vista Way, Carlsbad, CA 92008 | K-5 | 1.1 mi | |
2000 California St, Oceanside, CA 92054 | 6-8 | 0.7 mi | |
823 Acacia Ave, Oceanside, CA 92058 | 6-8 | 2 mi | |
1645 Magnolia Ave, Carlsbad, CA 92008 | 6-8 | 2.2 mi | |
1 Pirates Cove Way, Oceanside, CA 92054 | 9-12 | 1.6 mi | |
Ocean Shores High (Continuation)
3131 Oceanside Blvd, Oceanside, CA 92056 | 9-12 | 2.1 mi | |
3557 Monroe St, Carlsbad, CA 92008 | 9-12 | 2.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1634-1638 Burroughs St & Moreno St
Date
Details
Price
Change
Source
5/21/2024
Sold
$2,156,644
-1.97%
MLS
4/13/2024
Listed
$2,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1634-1638 Burroughs St. & Moreno St., Oceanside, CA 92054 (MLS# 240007977) is a Multi-Family property that was sold at $2,156,644 on May 21, 2024. Want to learn more about 1634-1638 Burroughs St. & Moreno St.? Do you have questions about finding other Multi-Family real estate for sale in Oceanside? You can browse all Oceanside real estate or contact a Coldwell Banker agent to request more information.