Value-Add 12-Unit Apartment
421 N Weitzel St Oceanside, CA 92054
421 N Weitzel St, Oceanside, CA, 92054
Contact for pricing
For Sale
Contact for pricing
Pending
12-unit multifamily property west of Interstate 5 with a value-add renovation opportunity.
Property Size8,720 SF
Days on Market180
Property Features for 421 N Weitzel St
General Information
- Standard status
- Pending
- Size
- 8,720 SF
- Property subtype
- Multifamily
Listing agency
CBRE - San Diego
(808) 271-5252
Listed by
Michael Greiner, CCIM · License #01844828
Source
Crexi
Added: Jan 22 Updated: Jul 20 at 8:22PM Checked: Jul 20 at 8:22PM
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 CBRE - San Diego
Investment Insights
Based on property information with market context.
CBRE presents the opportunity to acquire 421 N Weitzel Street, a value-add 12-unit apartment building located west of Interstate 5 in Oceanside, California. The property offers a walkable setting, with a reported 87 Walk Score placing it within walking distance of restaurant options along historic Highway 101 and nearby coastal amenities including Oceanside Pier and The Strand Beach.
Convenient access to employment corridors is supported by the property’s proximity to the Interstate 5 onramp, with a listed 2-minute drive. Commute times provided include Camp Pendleton (7 minutes), the Palomar Airport Corridor (16 minutes), North City/California State San Marcos (28 minutes), and UTC (29 minutes).
This offering is positioned as a value-add investment, with the potential for immediate value creation through property renovations.
Convenient access to employment corridors is supported by the property’s proximity to the Interstate 5 onramp, with a listed 2-minute drive. Commute times provided include Camp Pendleton (7 minutes), the Palomar Airport Corridor (16 minutes), North City/California State San Marcos (28 minutes), and UTC (29 minutes).
This offering is positioned as a value-add investment, with the potential for immediate value creation through property renovations.
Key Highlights
- 12‑unit apartment building at 421 N Weitzel Street, Oceanside, CA
- Value‑add renovation opportunity
- Located west of Interstate 5 in Oceanside
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $261.6k | $30.00 |
| − Vacancy | −$16.1k | −$1.84 |
| EGI | $245.5k | $28.16 |
| − OpEx | −$110.5k | −$12.67 |
| NOI | $135.0k | $15.49 |
8,720 SF · lease $30.00/SF/yr · vacancy 6.14% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.93M
$1.69M – $2.25M
NOI $135,046 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.92M
$2.55M – $3.40M
NOI $204,157 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
It Takes a Village ...
Retirement Community
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FAQs
What type of property is this?
Apartment building - 12-unit multifamily property west of Interstate 5 with a value-add renovation opportunity.
Where is this apartment building located?
The property is located at 421 N Weitzel St Oceanside, CA.
What is the asking price?
The asking price for this property is $4,095,000.
What are key features of this property?
This property features: 12‑unit apartment building at 421 N Weitzel Street, Oceanside, CA; Value‑add renovation opportunity; Located west of Interstate 5 in Oceanside
