Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Oceanside Multifamily Property with Redevelopment Potential Title is generated by Realmo AI

    722718 N Freeman Street, Oceanside, CA 92054

    View on Map
    Claim this Listing
    For Sale
    $3,200,000

    Multifamily property in redevelopment area near Oceanside's attractions.

    Property size:
    4,252 SF
    Price / SF:
    $752/SF
    Added:
    Feb 10, 2022
    Days on Market:
    1575
    Last Refresh:
    May 12 at 9:42 pm

    Property Features for 722718 N Freeman Street

    General Information

    Standard status
    Active
    Size
    4,252 SF
    Property subtype
    Other

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Cherise Zentic

    Listing agent Cherise Zentic

    Listing office DRE #01270681

    Listing date Feb 10, 2022

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of DRE #01270681

    HighLights

    • Two lots being sold together, totaling 8 units.
    • Current zoning allows only 6 units, so enjoy 2 bonus units grandfathered in.
    • Located in a redeveloping area becoming a major tourist/beach destination.
    • Only 2 miles or less to Oceanside Harbor, Pier, and Beaches.
    • Near Farmers Market, Thursday Night Sunset Market, Restaurants, and Shops.
    • Includes 3 guest facilities.

    Overview

    This multifamily property, comprising a total of 8 units, is being offered for sale in conjunction with an adjacent parcel located at 718-20 Freeman. The combined offering includes two lots. Current city regulations would permit a maximum of 6 units (3 units per lot), making the additional 2 units a grandfathered bonus. The property is situated in an area undergoing redevelopment, with ongoing improvements and growth, positioning it as a potential tourist and beach destination. The property is located approximately 2 miles from Oceanside Harbor, Pier, beaches, farmers market, Thursday Night Sunset Market, restaurants, shops, and the Top Gun House. The property size is 4,252 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oceanside
    County
    San Diego
    State
    California
    Longitude
    -117.3574524
    Latitude
    33.1713076

    Nearby Similar for Sale

    • $5,048,000
      5,250 SF

      Duplex with Ocean Views

      Brand-new two-residence duplex near the beach, featuring ocean-facing decks and separate garages—ideal for investment or multi-generational living.
      212 S Pacific Street 214, Oceanside, CA 92054
      View Details
    • $2,499,000
      2,808 SF

      Oceanside Quadruplex Near the Beach

      Four-unit property near the beach with strong income potential.
      1622 S Tremont Street, Oceanside, CA 92054
      View Details
    • $1,549,000
      1,741 SF

      Oceanside Triplex Near the Beach

      Three-unit property near the beach in Oceanside, California.
      321 S Freeman Street, Oceanside, CA 92054
      View Details
    • $1,800,000
      2,369 SF

      Oceanside Mixed-Use Investment Opportunity

      Mixed-use property near the beach with income potential.
      110 S Freeman Street, Oceanside, CA 92054
      View Details
    • $499,000

      Oceanside Live/Work Condo For Sale

      New live/work condo with retail use in Oceanside, CA.
      5063 Waterview Way 103, Oceanside, CA 92057
      View Details
    • $7,897,285

      Oceanside Medical Office For Sale

      Medical office building for sale in a prime Oceanside location.
      3300 Vista Way, Oceanside, CA 92056
      View Details
    • $3,199,000
      8,844 SF

      Oceanside Stand-Alone Building For Sale

      8,844 SF stand-alone building in coastal Oceanside with I-5 access.
      1916 S Coast Hwy, Oceanside, CA
      View Details
    • $2,899
      1,200 SF

      Remodeled Office Space in Oceanside

      Remodeled office space ideal for professional use, boutique, or wellness.
      3400 Piazza de Oro Suite 160, Oceanside, CA 92056
      View Details
    • $1,600,000
      4,599 SF

      Freestanding Commercial Property on Mission Avenue

      Commercial property with dual storefronts in high-traffic Oceanside location.
      1708 - 1710 Mission Avenue, Oceanside, CA 92058
      View Details
    • $4,200,000

      Retail Storefronts at Two Addresses

      For-sale retail storefront property featuring two adjacent addresses along S Coast Hwy.
      514-524 S COAST HWY, Oceanside, CA 92054
      View Details
    • $8,485,550
      28,475 SF

      Refurbished Oceanside Warehouse with Upgrades

      Recently refurbished warehouse in Oceanside featuring modern upgrades and amenities.
      1816 Ord Way, Oceanside, CA
      View Details
    • $1,445,000
      4,069 SF

      Oceanside Industrial Property For Sale

      Industrial property featuring 4,069 square feet of space in Oceanside.
      1704 Ord Way #A/B, Oceanside, CA 92056
      View Details

    FAQs

    What type of property is this?
    Apartment building - Multifamily property in redevelopment area near Oceanside's attractions.
    Where is this apartment building located?
    The property is located at 722718 N Freeman Street Oceanside, CA.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: Two lots being sold together, totaling 8 units.; Current zoning allows only 6 units, so enjoy 2 bonus units grandfathered in.; Located in a redeveloping area becoming a major tourist/beach destination.
    (760) 421-4500
    We can help!
    Listing Contact
    Cherise Zentic
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    722718 N Freeman Street, Oceanside, CA 92054
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!