Three-Unit Triplex with Ocean
New
For Sale
$1,549,000
1413 Shoshone St, Oceanside, CA 92058
Each residence has a private entrance, separate electric meter, full kitchen, and in-unit laundry.
Property Size2,888 SF
Price / SF$536.36
Days on Market2
Property Features for 1413 Shoshone St
General Information
Standard status
Active
Size
2,888 SF
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 5BR/2.5BA, 1 x 2BR/1BA, 1 x JADU
Multifamily Units
3
Amenities
solar panels
in-unit laundry
ocean and sunset views
Building Details
Year Built
2026
Buildings
1
Stories
3
Units
3
Tenancy
Multi
Listed By:
Court Young
(858) 337-6317
Source:
Elliman
Added: Sep 26
Last Checked: Sep 26 at 2:58PM
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 Court Young
Investment Insights
Based on property information with market context.
Built in 2026, this three-story triplex comprises a two-story main residence with 5 bedrooms and 2.5 bathrooms, a single-story 2-bedroom, 1-bathroom ADU, and a single-story JADU. Their approximate areas are 1,805, 636, and 447 square feet, respectively. Each unit has a private entrance, full kitchen with stainless steel appliances, in-unit laundry, and its own electric meter. Owned solar is paid in full, and ocean and sunset views are available from the third story.
The property is near Laurel Elementary School and a five-minute drive from downtown Oceanside, the pier, shopping, dining, the transit center, freeways, and the beach. The main house and ADU are under active one-year leases. The JADU is occupied.
The property is near Laurel Elementary School and a five-minute drive from downtown Oceanside, the pier, shopping, dining, the transit center, freeways, and the beach. The main house and ADU are under active one-year leases. The JADU is occupied.
Key Highlights
- Three residences: a 5‑bedroom main house, 2‑bedroom ADU, and JADU
- Approximate unit areas: 1,805 SF, 636 SF, and 447 SF
- Separate entrance, electric meter, full kitchen, and in‑unit laundry for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,901
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$998,020
$998.0K
Cap Rate 7%
$712,871
$712.9K
Cap Rate 9%
$554,456
$554.5K
Market Conditions
NOI Build-Up for 2,888 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$76.2K $26.40/SF
− Vacancy
−$5.0K −$1.72/SF
EGI
$71.3K $24.68/SF
− OpEx
−$21.4K −$7.41/SF
NOI
$49.9K $17.28/SF
Area
Oceanside, CA
Vacancy
6.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$998,020
Cap Rate 7%
$712,871
Cap Rate 9%
$554,456
Alternative Uses
Best Use
Multifamily LT 5
$712.9K
$623.8K – $831.7K
NOI $49,901 @ 7.0% cap · market cap 3.22%
Second Best
Apartment 5plus
$638.9K
$559.1K – $745.4K
NOI $44,726 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$965.9K
$845.2K – $1.13M
NOI $67,615 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
Explore this area
Business Placement
Demographics for 92058, CA
45,389
Population
15,443
Households
2.9
Avg Household Size
27
Median Age
26%
College-Educated
87%
High-School Grad
44.3 sq mi
ZIP Area
1,025
Density / Sq Mi
$72,479
Median Household Income
$31,347
Median Earnings
$2,583
Median Rent
$609,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Each residence has a private entrance, separate electric meter, full kitchen, and in-unit laundry.
Where is this triplex located?
The property is located at 1413 Shoshone St Oceanside, CA.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: Three residences: a 5‑bedroom main house, 2‑bedroom ADU, and JADU; Approximate unit areas: 1,805 SF, 636 SF, and 447 SF; Separate entrance, electric meter, full kitchen, and in‑unit laundry for each unit
