1559 Lucky Street
About This Property
Built in 1958, this cosmetic fixer offers endless potential to restore, renovate, or re-imagine into your dream coastal retreat. The large, flat lot (9,100 sq ft) provides space for outdoor living, expansion, or even an ADU - ideal for multi-generational living or additional rental income. Original details hint at the home's timeless character, while its single-story layout and private setting make it the perfect canvas for modern coastal design.
Enjoy ocean breezes, morning walks to local coffee spots like Vigilante Coffee, and effortless access to South O Brewing Co., The Privateer, and the vibrant Downtown Oceanside dining scene. With quick freeway access and the beach just minutes away, this location offers the best of California coastal living - convenience, character, and community. Homes on quiet cul-de-sacs in South O rarely come to market. Don't miss your chance to own a piece of Oceanside's midcentury history and create the beachside home you've always imagined.
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What does this mean?
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%.
How much can I actually make?
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 |
|---|---|---|---|
| Dec 22, 2025 | Sold | ||
| Sold | |||
| Dec 5, 2025 | In contract | - | |
| In contract | |||
| Nov 19, 2025 | Listed by Pacific Sotheby's Int'l Realty | $1,200,000 | |
| Listed by Pacific Sotheby's Int'l Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017