1002 Morse St.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 21, 2026 | Sold | ||
| Sold | |||
| Apr 2, 2026 | In contract | - | |
| In contract | |||
| Mar 28, 2026 | Listed by Trinity Homes & Investments | $1,395,000 | |
| Listed by Trinity Homes & Investments | |||
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Coastal charm meets modern comfort in this beautifully refreshed South Oceanside home, just moments from the beach.1002 Morse St offers 3 bedrooms, 2 bathrooms, and a thoughtfully designed layout filled with natural light and warm, inviting finishes. The living room centers around a custom fireplace and flows effortlessly into a bright dining space and an updated kitchen featuring stone countertops, stainless appliances, and clean cabinetry. Rich hardwood floors add to the incredible charm. Step outside to a spacious, private backyard framed by mature landscaping and a producing citrus tree—an ideal setting for entertaining, relaxing, or simply enjoying the coastal breeze. Maybe even an ADU. The yard offers both immediate enjoyment and long-term potential. Located in one of South Oceanside’s most desirable neighborhoods, this home places you just minutes from the ocean, local cafes, and the laid-back lifestyle that defines North County coastal living.
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| Apr 18, 2018 | Sold | ||
| Sold | |||
| Mar 15, 2018 | Listed by Realty Executives | $879,000 | |
| Listed by Realty Executives | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017