Duplex With Golf Course
For Sale
$499,900
2333 Nicklaus Drive, Oceanside, CA 92056
Two-bedroom residence with an enclosed patio room, attached garage, and cul-de-sac setting near shopping, dining, golf, and freeway access.
Property Size1,619 SF
Price / SF$308.77
Days on Market49
Property Features for 2333 Nicklaus Drive
General Information
Standard status
Active
Size
1,619 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2 bedrooms 2.5 bath
Multifamily Units
1
Amenities
enclosed patio room
Fireplace
Forced Air
Fireplace(s)
Natural Gas
Dishwasher
Disposal
Gas Water Heater
Microwave
Refrigerator
Composition
Building Details
Year Built
1974
Buildings
1
Stories
2
Listing Agency:
(760) 533-6211
Listed By:
Michi Suzuki · License #CA
(760) 533-6211
Source:
Kw
Added: Jun 25
Changed: Aug 11
Last Checked: Aug 11 at 4:12PM
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 Michi Suzuki
Investment Insights
Based on property information with market context.
This duplex property includes 1,619 square feet with two bedrooms and 2.5 bathrooms. Interior features include a fireplace, forced-air heating, natural gas service, dishwasher, disposal, gas water heater, microwave, and refrigerator. An enclosed patio room extends the living area, while the attached two-car garage provides dedicated parking. The home was built in 1974 and has composition roofing.
The residence overlooks the 18th fairway of El Camino Golf Course and sits on a cul-de-sac within the El Camino Country Club neighborhood. Shopping, restaurants, golf, freeway access, schools, the beach, and the Coaster are all identified nearby. Sewer service is connected. A termite clearance has been completed, and the patio slab was installed on 8/23/17.
The residence overlooks the 18th fairway of El Camino Golf Course and sits on a cul-de-sac within the El Camino Country Club neighborhood. Shopping, restaurants, golf, freeway access, schools, the beach, and the Coaster are all identified nearby. Sewer service is connected. A termite clearance has been completed, and the patio slab was installed on 8/23/17.
Key Highlights
- 1,619‑square‑foot duplex with two bedrooms and 2.5 bathrooms
- 180‑degree outlook across El Camino Golf Course’s 18th fairway
- Enclosed patio room and attached two‑car garage
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
$27,974
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
5.60%
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%
$559,480
$559.5K
Cap Rate 7%
$399,629
$399.6K
Cap Rate 9%
$310,822
$310.8K
Market Conditions
NOI Build-Up for 1,619 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
$42.7K $26.40/SF
− Vacancy
−$2.8K −$1.72/SF
EGI
$40.0K $24.68/SF
− OpEx
−$12.0K −$7.41/SF
NOI
$28.0K $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%
$559,480
Cap Rate 7%
$399,629
Cap Rate 9%
$310,822
Alternative Uses
Best Use
Multifamily LT 5
$399.6K
$349.7K – $466.2K
NOI $27,974 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$358.2K
$313.4K – $417.9K
NOI $25,073 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$541.5K
$473.8K – $631.8K
NOI $37,905 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,599
Businesses Nearby
Explore this area
Business Placement
Demographics for 92056, CA
53,750
Population
20,514
Households
2.6
Avg Household Size
42
Median Age
39%
College-Educated
91%
High-School Grad
12.3 sq mi
ZIP Area
4,370
Density / Sq Mi
$102,570
Median Household Income
$50,029
Median Earnings
$2,536
Median Rent
$696,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom residence with an enclosed patio room, attached garage, and cul-de-sac setting near shopping, dining, golf, and freeway access.
Where is this duplex located?
The property is located at 2333 Nicklaus Drive Oceanside, CA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 1,619‑square‑foot duplex with two bedrooms and 2.5 bathrooms; 180‑degree outlook across El Camino Golf Course’s 18th fairway; Enclosed patio room and attached two‑car garage
