$845,000
●
House -
Off Market
711 Michigan Ave.
Oceanside, CA 92054
3 Beds
2 Baths
1,249 Ft²
$1,271,460
RealtyHop Estimate
49.58%
Since Apr 1, 2019
National-US
Primary Model
About This Property
Great opportunity for a vacation rental, 2 unit rental or your own
home!!! This 1932 Plantation house has 2 units - 2nd floor has 2
bedrooms,1 bath. First floor is a large studio, 1 bath. Zoned(RH)
Tear down the existing structure and build 2 new units. Currently a
busy vacation rental!! New windows, paint, and floors. City will
permit accessory-structure (guest house) on large existing
lot.Ocean view from the deck, walk to bustling downtown, hip
restaurants and to the beach etc.. See supplement Property
can easily be used as 3 bedroom, 2 bath, 2 car garage single family
home. Downstairs bath was re-done in early 2016. Some plumbing
replaced. New electrical box. Re-roofed and new stucco
approximately 4 years ago. Permits unknown as existing
configuration was done prior to existing owner.Property used as a
vacation rental and furniture is negotiable.. Neighborhoods:
Seaside, Downtown Oceanside Equipment: Garage Door Opener Other
Fees: 0 Sewer: Sewer Connected Topography: LL
Unit Size
1,249 Ft²
Days on Market
47 days
Land Size
0.11 acres
Price per sqft
$681
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1932
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100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 months ago (SDMLS #190006716)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 13, 2019 | Sold | ||
| Sold | |||
| Jan 25, 2019 | Listed by Berkshire Hathaway HomeService | $850,000 | |
| Listed by Berkshire Hathaway HomeService | |||
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Downtown Oceanside
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Listed by: Lynn Oddo, Berkshire Hathaway HomeService
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 190006716
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 190006716
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