Lakefront Residential Income
For Sale
$349,900
Pending
254-276 N El Camino Real, Oceanside, CA 92058
Updated home in a 55+ community with lake views, accessible features, and shared recreational amenities.
Property Size1,344 SF
Days on Market17
Property Features for 254-276 N El Camino Real
General Information
Standard status
Pending
Size
1,344 SF
Property subtype
Manufactured In Park
Additional Details
Multifamily Units
1
Amenities
pool
tennis courts
pickleball courts
clubhouse
library
game room
shuffleboard
laundry facilities
car wash
Listing Agency:
Keller Williams San Diego Metro
(619) 997-3430
Listed By:
Lynn More · License #02120407
(619) 997-3430
Source:
Exprealty
Added: Aug 7
Changed: Aug 21
Last Checked: Aug 23 at 8:12AM
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 Keller Williams San Diego Metro
Investment Insights
Based on property information with market context.
This 1,344-square-foot residence overlooks Crescent Lake and features a bright living room, enclosed California room, two bedrooms, and two bathrooms. Recent improvements include new paint, carpet, dual-paned vinyl windows, air conditioning, and updated lighting and ceiling fans. The kitchen was remodeled in 2019 with new appliances, backsplash, counters, recessed lighting, pantry storage, and refinished cabinets. Additional features include French doors, laundry-room storage and workspace, a motorized lift at one entrance, and walk-in showers in both bathrooms. The primary bathroom also includes a bathtub and updated fixtures.
Located within Laguna Vista, an active 55+ community with eight lakes and fountains, the property includes access to a pool, tennis and pickleball courts, clubhouse, ballroom, library, billiards and card game room, shuffleboard, laundry facilities, and a car wash. The community is near shopping, banks, and Scripps Coastal Medical Center, with access to the beach, harbor, and San Luis Rey River Trail. Owner occupancy is required; one small dog or cat is permitted.
Located within Laguna Vista, an active 55+ community with eight lakes and fountains, the property includes access to a pool, tennis and pickleball courts, clubhouse, ballroom, library, billiards and card game room, shuffleboard, laundry facilities, and a car wash. The community is near shopping, banks, and Scripps Coastal Medical Center, with access to the beach, harbor, and San Luis Rey River Trail. Owner occupancy is required; one small dog or cat is permitted.
Key Highlights
- 1,344‑square‑foot lakefront residence overlooking Crescent Lake
- Kitchen remodeled in 2019 with new appliances, counters, backsplash, and refinished cabinets
- Two bedrooms and two bathrooms with walk‑in showers
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
$20,814
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
5.95%
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%
$416,280
$416.3K
Cap Rate 7%
$297,343
$297.3K
Cap Rate 9%
$231,267
$231.3K
Market Conditions
NOI Build-Up for 1,344 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
$40.3K $30.00/SF
− Vacancy
−$2.5K −$1.84/SF
EGI
$37.8K $28.16/SF
− OpEx
−$17.0K −$12.67/SF
NOI
$20.8K $15.49/SF
Area
Oceanside, CA
Vacancy
6.14%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
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%
$416,280
Cap Rate 7%
$297,343
Cap Rate 9%
$231,267
Alternative Uses
Best Use
Apartment 5plus
$297.3K
$260.2K – $346.9K
NOI $20,814 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$449.5K
$393.3K – $524.4K
NOI $31,466 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
759
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated home in a 55+ community with lake views, accessible features, and shared recreational amenities.
Where is this residential income property located?
The property is located at 254-276 N El Camino Real Oceanside, CA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 1,344‑square‑foot lakefront residence overlooking Crescent Lake; Kitchen remodeled in 2019 with new appliances, counters, backsplash, and refinished cabinets; Two bedrooms and two bathrooms with walk‑in showers
