515 N Freeman St
About This Property
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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%.
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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 |
|---|---|---|---|
| Mar 27, 2025 | Sold | ||
| Sold | |||
| Mar 24, 2025 | Price Decreased |
$1,299,000
↓ $100K
(7.2%) | |
| Price Decreased | |||
| Mar 24, 2025 | In contract | - | |
| In contract | |||
| Oct 22, 2024 | Listed by California Real Estate Company | $1,399,000 | |
| Listed by California Real Estate Company | |||
| | |||
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Welcome to 515 N Freeman Street, an incredibly central and quintessential 3 bedroom 2 bathroom Craftsman home just steps from the pier. With its ideal location, sought after historic curb appeal and commercial/residential zoning, this home boasts a number of ways to make the most of the incredibly ideal location. From the moment you walk in, you'll notice the turn key and spacious living room and open concept kitchen which peaks into your incredibly spacious backyard shaded by your mature avocado tree. Making your way through, you'll find the first of two full bathrooms nestled next to two of your three bedrooms. Up toward the front of the home is your incredibly spacious primary en suite, equipped with one of many mini split HVAC systems designed for comfort and efficiency. As you venture to the expansive backyard of this 5,000 square foot lot with off alley parking, you'll notice the bonus storage shed for all of your daily activities around town and blank canvas to design as you please. Equipped with solar which is transferable, a steady current income stream from short term renting and accompanied by the charm of 1928, all you really need is a bathing suit and some sandals. This may be the best opportunity with a multitude of ways to make this an ideal scenario that Oceanside currently has to offer.
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| May 15, 2019 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017